Citing strong earnings visibility for 2011, Canaccord Genuity said they maintain their EPS estimates for 2011 on ICF International (NASDAQ:ICFI), as well as their price target.
Canaccord noted, "Given a reported backlog of $1.4 billion, including funded backlog of $664M, earnings visibility into 2011 remains strong, in our view. We maintain our 2011 estimates and introduce a 2012 outlook...We remain comfortable with our 2011 revenue/EPS estimates of $840M/$1.73...For 2012, we introduce revenue/EPS estimates of $925M/$1.95."
Canaccord Genuity reiterates a "Buy" rating on ICF International, which closed Thursday at $25.31, down $0.04, or 0.16 percent. Canaccord has a price target on them of $30.
Friday, January 14, 2011
ICF International's (NASDAQ:ICFI) Visibility Looks Strong for 2011
Labels:
Canaccord Genuity,
ICF International
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