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

Ingram Micro Holding Corp. (NYSE:INGM) has earned a consensus rating of “Moderate Buy” from the sixteen analysts that are covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $27.86.

Several analysts recently issued reports on INGM shares. Melius initiated coverage on shares of Ingram Micro in a report on Tuesday, November 26th. They set a “hold” rating and a $26.00 price objective for the company. BNP Paribas started coverage on shares of Ingram Micro in a report on Monday, November 18th. They set a “neutral” rating and a $25.00 price target for the company. Royal Bank of Canada started coverage on Ingram Micro in a research note on Monday, November 18th. They issued an “outperform” rating and a $26.00 price objective on the stock. Bank of America initiated coverage on Ingram Micro in a research note on Monday, November 18th. They set a “buy” rating and a $30.00 target price for the company. Finally, Northcoast Research began coverage on Ingram Micro in a research report on Friday, November 8th. They issued a “neutral” rating on the stock.

Ingram Micro Price Performance

NYSE INGM opened at $20.25 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. The stock has a 50 day moving average of $21.70. Ingram Micro has a 52-week low of $18.90 and a 52-week high of $25.69.

Ingram Micro (NYSE:INGM) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.72 earnings per share for the quarter. The firm had revenue of $11.76 billion for the quarter. Research analysts predict 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.