Alert: Positive Investment/Fundamental Signals (8/2/24)-ICF International Inc (NASDAQ: ICFI)

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Extremely significant positive changes in ICF International Inc (NASDAQ: ICFI) investment behavior have recently occurred: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.

Small positive changes in ICF International Inc (NASDAQ: ICFI) fundamentals have recently occurred: significant quarterly earnings acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.

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Current PriceTarget Research Rating

ICFI’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.

ICF International has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ICF International has a poor Appreciation Score of 22 but a neutral Power Rating of 51, triggering the Negative Value Trend Rating.

Recent Price Action

ICF International Inc (NASDAQ: ICFI) stock closed at $160.41 on 8/2/24 after a very large increase of 9.9%. Moreover, unusually high trading volume at 172% of normal accompanied the advance. The stock has risen 14.0% during the last week and has performed in line with the market over the last nine months.

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