Ingram Micro (NYSE:INGM) Earns Hold Rating from Analysts at Melius

Melius began coverage on shares of Ingram Micro (NYSE:INGM) in a research report report published on Tuesday, MarketBeat Ratings reports. The brokerage issued a hold rating and a $26.00 price objective on the stock.

INGM has been the topic of a number of other reports. Jefferies Financial Group assumed coverage on shares of Ingram Micro in a research note on Monday, November 18th. They issued a “buy” rating and a $28.00 price target on the stock. Bank of America started coverage on Ingram Micro in a research report on Monday, November 18th. They issued a “buy” rating and a $30.00 target price on the stock. Morgan Stanley initiated coverage on Ingram Micro in a report on Monday, November 18th. They set an “equal weight” rating and a $24.00 price target for the company. The Goldman Sachs Group began coverage on Ingram Micro in a report on Monday, November 18th. They issued a “buy” rating and a $33.00 price objective on the stock. Finally, BNP Paribas began coverage on shares of Ingram Micro in a research note on Monday, November 18th. They issued a “neutral” rating and a $25.00 target price for the company. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.79.

Ingram Micro Price Performance

Shares of Ingram Micro stock opened at $23.77 on Tuesday. Ingram Micro has a 1 year low of $21.14 and a 1 year high of $25.69. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.96 and a current ratio of 1.40.

Ingram Micro (NYSE:INGM) last posted its quarterly 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. Research analysts anticipate that Ingram Micro will post 2.79 EPS for the current fiscal 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.