William Blair analyst Tim Mulrooney has maintained their bullish stance on ICFI stock, giving a Buy rating on April 14.
Tim Mulrooney has given his Buy rating due to a combination of factors that highlight ICF International’s potential for growth despite current uncertainties. The company’s commercial energy sector has shown significant year-over-year growth, driven by enduring secular tailwinds such as energy efficiency and demand response programs. These factors are expected to continue providing robust support to the business.
Additionally, ICF International has maintained its ability to secure federal contracts, even in a challenging political climate. The company’s alignment with certain governmental priorities and its capability to thrive under fixed price contract structures position it well for future contract wins. Moreover, the increasing contribution of the more profitable commercial energy segment is enhancing overall margins, further supporting the positive outlook for ICF International’s stock.
According to TipRanks, Mulrooney is a 4-star analyst with an average return of 6.5% and a 55.32% success rate. Mulrooney covers the Industrials sector, focusing on stocks such as WillScot Mobile Mini Holdings, APi Group, and Cintas.
In another report released on April 14, Sidoti also maintained a Buy rating on the stock with a $133.00 price target.