Barrington analyst Kevin Steinke has maintained their bullish stance on ICFI stock, giving a Buy rating on February 28.
Kevin Steinke has given his Buy rating due to a combination of factors including ICF International’s strong financial performance and strategic positioning. The company reported a notable increase in Q4/24 revenue, surpassing both the firm’s and market expectations, driven primarily by robust growth in the Energy, Environment, Infrastructure, and Disaster Recovery sectors. The commercial energy markets, in particular, demonstrated impressive year-over-year growth, contributing significantly to the company’s overall revenue.
Despite some challenges in the Health and Social Programs sector, ICF International managed to achieve a full-year revenue increase, with strong non-GAAP EPS growth and an expanded EBITDA margin, indicating operational efficiency. The company’s guidance for 2025, while acknowledging potential headwinds from federal government spending cuts, still projects resilience through anticipated growth in commercial and other government sectors. This strategic adaptability and financial strength underpin Steinke’s confidence in maintaining an OUTPERFORM rating with a price target of $102.
According to TipRanks, Steinke is a 5-star analyst with an average return of 14.4% and a 58.44% success rate. Steinke covers the Industrials sector, focusing on stocks such as Icf International, ACCO Brands, and Cra International.