Ingram Micro Holding Corp. (NYSE:INGM) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Ingram Micro Holding Corp. (NYSE:INGM) have been assigned an average recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $28.00.

A number of research analysts have issued reports on the stock. William Blair began coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued an “outperform” rating for the company. Redburn Atlantic started coverage on Ingram Micro in a report on Monday, November 18th. They set a “buy” rating and a $30.00 price objective for the company. Stifel Nicolaus started coverage on Ingram Micro in a report on Monday, November 18th. They issued a “buy” rating and a $28.00 target price on the stock. BNP Paribas initiated coverage on Ingram Micro in a research note on Monday, November 18th. They set a “neutral” rating and a $25.00 price target for the company. Finally, Evercore ISI assumed coverage on shares of Ingram Micro in a report on Monday, November 18th. They set an “inline” rating and a $27.00 target price for the company.

Ingram Micro Price Performance

INGM opened at $24.65 on Friday. The company has a 50 day simple moving average of $21.48. Ingram Micro has a 12 month low of $18.90 and a 12 month high of $25.69. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.93.

Ingram Micro (NYSE:INGM) last issued its earnings results on Tuesday, November 12th. The company reported $0.72 EPS for the quarter. The company had revenue of $11.76 billion for the quarter. On average, equities research analysts predict that Ingram Micro will post 2.71 EPS for the current fiscal year.

Institutional Trading of Ingram Micro

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INGM. Allspring Global Investments Holdings LLC acquired a new stake in shares of Ingram Micro in the fourth quarter worth approximately $17,432,000. New York State Common Retirement Fund purchased a new position in Ingram Micro during the fourth quarter worth approximately $304,000. Bank of New York Mellon Corp acquired a new position in shares of Ingram Micro in the 4th quarter valued at $207,000. Finally, Rhumbline Advisers purchased a new stake in shares of Ingram Micro during the 4th quarter valued at $171,000.

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.