Ingram Micro Holding Corp. (NYSE:INGM) Receives $28.00 Consensus PT from Analysts

Ingram Micro Holding Corp. (NYSE:INGM) has earned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $28.00.

INGM has been the subject of several analyst reports. BNP Paribas initiated coverage on 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 began coverage on Ingram Micro in a report on Monday, November 18th. They issued an “outperform” rating and a $26.00 target price for the company. Evercore ISI assumed coverage on Ingram Micro in a research report on Monday, November 18th. They set an “inline” rating and a $27.00 target price on the stock. The Goldman Sachs Group started 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, Jefferies Financial Group started coverage on Ingram Micro in a research report on Monday, November 18th. They set a “buy” rating and a $28.00 price target on the stock.

Ingram Micro Stock Performance

INGM stock opened at $23.34 on Friday. The stock has a 50 day moving average of $21.42. 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 has a 1-year low of $18.90 and a 1-year high of $25.69.

Ingram Micro (NYSE:INGM) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.72 EPS for the quarter. The business had revenue of $11.76 billion during the quarter. Research analysts forecast that Ingram Micro will post 2.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ingram Micro

Institutional investors have recently modified their holdings of the company. Rhumbline Advisers acquired a new stake in shares of Ingram Micro in the fourth quarter valued at $171,000. New York State Common Retirement Fund purchased a new position in Ingram Micro in the fourth quarter valued at $304,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Ingram Micro in the fourth quarter valued at $17,432,000.

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.