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

Shares of Ingram Micro Holding Corp. (NYSE:INGM) have earned an average recommendation of “Moderate Buy” from the sixteen analysts that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $27.79.

A number of analysts have weighed in on INGM shares. The Goldman Sachs Group assumed coverage on Ingram Micro in a report on Monday, November 18th. They set a “buy” rating and a $33.00 target price for the company. Evercore ISI began coverage on Ingram Micro in a research report on Monday, November 18th. They issued an “inline” rating and a $27.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on Ingram Micro in a research report on Wednesday, November 20th. They set a “neutral” rating and a $28.00 target price on the stock. Jefferies Financial Group began coverage on shares of Ingram Micro in a research note on Monday, November 18th. They issued a “buy” rating and a $28.00 target price for the company. Finally, Raymond James assumed coverage on Ingram Micro in a report on Monday, November 18th. They issued an “outperform” rating and a $28.00 price objective on the stock.

Ingram Micro Trading Down 2.4 %

Shares of INGM opened at $21.60 on Friday. 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 12-month low of $21.14 and a 12-month 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 company had revenue of $11.76 billion for the quarter. On average, sell-side 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.