Ingram Micro (NYSE:INGM) Raised to “Hold” at Melius Research

Ingram Micro (NYSE:INGM) was upgraded by equities research analysts at Melius Research to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

INGM has been the topic of several other research reports. Morgan Stanley initiated coverage on Ingram Micro in a report on Monday, November 18th. They set an “equal weight” rating and a $24.00 target price on the stock. Raymond James started coverage on shares of Ingram Micro in a research report on Monday, November 18th. They issued an “outperform” rating and a $28.00 price target on the stock. BNP Paribas started coverage on shares of Ingram Micro in a research report on Monday, November 18th. They issued a “neutral” rating and a $25.00 price target on the stock. William Blair started coverage on shares of Ingram Micro in a research report on Monday, November 18th. They issued an “outperform” rating on the stock. Finally, Melius started coverage on shares of Ingram Micro in a research report on Tuesday. They issued a “hold” rating and a $26.00 price target on the stock. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.79.

Ingram Micro Trading Up 3.3 %

INGM opened at $22.54 on Tuesday. 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 has a twelve month low of $21.14 and a twelve month high of $25.69.

Ingram Micro (NYSE:INGM) last released its quarterly earnings results 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. Sell-side analysts expect that Ingram Micro will post 2.79 EPS for the current year.

Ingram Micro Company Profile

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.