Price Action Alert: Could ICF International Inc See a Reversal After Breaking Its 52-Week High?

Price Action Alert: Could ICF International Inc See a Reversal After Breaking Its 52 Week High?

The stock of ICF International Inc (NASDAQ:ICFI) hit a new 52-week high and has $59.13 target or 9.00% above today’s $54.25 share price. The 8 months bullish chart indicates low risk for the $1.06B company. The 1-year high was reported on Nov, 23 by If the $59.13 price target is reached, the company will be worth $95.40M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 43,791 shares traded hands. ICF International Inc (NASDAQ:ICFI) has risen 42.26% since April 21, 2016 and is uptrending. It has outperformed by 36.93% the S&P500.

Analysts await ICF International Inc (NASDAQ:ICFI) to report earnings on March, 6. They expect $0.81 EPS, up 10.96% or $0.08 from last year’s $0.73 per share. ICFI’s profit will be $15.83 million for 16.74 P/E if the $0.81 EPS becomes a reality. After $0.81 actual EPS reported by ICF International Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

ICF International Inc (NASDAQ:ICFI) Ratings Coverage

Out of 2 analysts covering ICF International (NASDAQ:ICFI), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. ICF International has been the topic of 2 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock of ICF International Inc (NASDAQ:ICFI) has “Buy” rating given on Friday, July 31 by Stifel Nicolaus. Barrington initiated ICF International Inc (NASDAQ:ICFI) on Friday, January 29 with “Market Perform” rating.

According to Zacks Investment Research, “ICF International partners with government and commercial clients to deliver consulting services and technology solutions in the energy, environment, transportation, social programs, defense, and homeland security markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program life cycle, from analysis and design through implementation and improvement. ICF has been serving government at all levels, major corporations, and multilateral institutions.”

Insitutional Activity: The institutional sentiment decreased to 1.13 in Q2 2016. Its down 0.19, from 1.32 in 2016Q1. The ratio dived, as 5 funds sold all ICF International Inc shares owned while 45 reduced positions. 27 funds bought stakes while 39 increased positions. They now own 17.10 million shares or 0.62% more from 17.00 million shares in 2016Q1.
Susquehanna Intl Gru Inc Ltd Liability Partnership last reported 0% of its portfolio in the stock. California State Teachers Retirement Sys has 0% invested in the company for 37,858 shares. Qs Llc last reported 8 shares in the company. Blackrock reported 4,789 shares or 0% of all its holdings. Panagora Asset has 0% invested in the company for 7,888 shares. Moreover, Emerald Mutual Fund Advisers has 0.01% invested in ICF International Inc (NASDAQ:ICFI) for 6,119 shares. Rhumbline Advisers holds 24,290 shares or 0% of its portfolio. Blackrock Fund Advsr has 0% invested in the company for 430,246 shares. Blair William & Il has invested 0% of its portfolio in ICF International Inc (NASDAQ:ICFI). Da Davidson & holds 295 shares or 0% of its portfolio. Victory Cap Mgmt has 3,002 shares for 0% of their US portfolio. Ftb Advsr Incorporated last reported 289 shares in the company. Wellington Mngmt Group Ltd Liability Partnership holds 0% or 439,374 shares in its portfolio. Moreover, Paradigm Asset Mgmt Company Llc has 0% invested in ICF International Inc (NASDAQ:ICFI) for 6,200 shares. Invesco Ltd has 0% invested in the company for 27,255 shares.

Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 9 selling transactions for $3.15 million net activity. 9,633 ICF International Inc (NASDAQ:ICFI) shares with value of $414,219 were sold by Kesavan Sudhakar. Another trade for 800 shares valued at $32,080 was sold by ECK PHILLIP. 8,952 shares were sold by Glover Ellen, worth $384,936. Morgan James C M sold $500,000 worth of stock. Wasson John sold $423,540 worth of stock.

ICFI Company Profile

ICF International, Inc., formerly ICF Consulting Group Holdings, LLC, incorporated on April 18, 2006, provides professional services and technology solutions to government and commercial clients, including management, technology and policy consulting and implementation services. The Firm operates through professional services for government and commercial clients segment. The Company’s services address approximately four markets: energy, environment and infrastructure; health, education and social programs; safety and security, and consumer and financial. The Company’s services include research and analytic services, assessment and advisory services, design and management services, solution identification and implementation services, and engagement services.

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