Canaccord Genuity reiterates a 'Buy' on ICF International (ICFI); Revising 2011 EPS Higher, Valuation Remains Compelling
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Price: $88.97 -0.11%
Rating Summary:
5 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
5 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity reiterates a 'Buy' on ICF International (NASDAQ: ICFI) price target of $30.00
Canaccord analyst, Eric Prouty, says, "ICF delivered another quarter of solid results and raised its 2011 EPS guidance. We continue to believe ICFI, now trading at less than 6x EV/2012E EBITDA, presents a compelling value and would be aggressive buyers at current levels...While we temper our 2011 revenue estimate to $838M, from $850M, we increase our 2011 EPS estimate to $1.72, from $1.70 previously, on lower expense assumptions. We make no change to our 2012 revenue/EPS estimates of $925M/$2.00."
For more ratings news on ICF International click here and for the rating history of ICF International click here.
Shares of ICF International closed at $23.90 yesterday.
Canaccord analyst, Eric Prouty, says, "ICF delivered another quarter of solid results and raised its 2011 EPS guidance. We continue to believe ICFI, now trading at less than 6x EV/2012E EBITDA, presents a compelling value and would be aggressive buyers at current levels...While we temper our 2011 revenue estimate to $838M, from $850M, we increase our 2011 EPS estimate to $1.72, from $1.70 previously, on lower expense assumptions. We make no change to our 2012 revenue/EPS estimates of $925M/$2.00."
For more ratings news on ICF International click here and for the rating history of ICF International click here.
Shares of ICF International closed at $23.90 yesterday.
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