Ingram Micro Holding Corp. (NYSE:INGM) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Ingram Micro Holding Corp. (NYSE:INGM) have received an average recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $27.92.

INGM has been the topic of several recent research reports. Raymond James began coverage on Ingram Micro in a report on Monday, November 18th. They issued an “outperform” rating and a $28.00 price target on the stock. Northcoast Research assumed coverage on Ingram Micro in a research report on Friday, November 8th. They set a “neutral” rating on the stock. Stifel Nicolaus initiated coverage on Ingram Micro in a research report on Monday, November 18th. They issued a “buy” rating and a $28.00 price target for the company. The Goldman Sachs Group assumed coverage on Ingram Micro in a report on Monday, November 18th. They set a “buy” rating and a $33.00 price objective on the stock. Finally, Bank of America assumed coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued a “buy” rating and a $30.00 target price for the company.

Ingram Micro Trading Up 2.5 %

Shares of Ingram Micro stock opened at $22.00 on Monday. Ingram Micro has a fifty-two week low of $21.14 and a fifty-two week high of $25.69. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93.

Ingram Micro (NYSE:INGM) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.72 earnings per share for the quarter. The business had revenue of $11.76 billion for the quarter. As a group, research analysts predict that Ingram Micro will post 2.79 earnings per share for the current year.

About Ingram Micro

Ingram Micro is a leading solutions provider by revenue for the global information technology (“IT”) ecosystem helping power the world’s leading technology brands. With our vast infrastructure and focus on client and endpoint solutions (formerly referred to as commercial & consumer, as described elsewhere in this prospectus), advanced solutions offerings and cloud-based solutions, we enable our business partners to scale and operate more efficiently in the markets they serve.