Ingram Micro (NYSE:INGM) Given New $25.00 Price Target at Morgan Stanley

Ingram Micro (NYSE:INGM) had its target price boosted by Morgan Stanley from $24.00 to $25.00 in a report released on Monday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

A number of other brokerages have also weighed in on INGM. Northcoast Research assumed coverage on shares of Ingram Micro in a report on Friday, November 8th. They issued a “neutral” rating for the company. Loop Capital began coverage on shares of Ingram Micro in a research note on Monday, November 18th. They issued a “buy” rating and a $30.00 price target for the company. Raymond James began coverage on Ingram Micro in a research note on Monday, November 18th. They set an “outperform” rating and a $28.00 price objective on the stock. Melius Research raised Ingram Micro to a “hold” rating in a research note on Tuesday, November 26th. Finally, Stifel Nicolaus assumed 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. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Ingram Micro has an average rating of “Moderate Buy” and a consensus target price of $27.86.

Ingram Micro Trading Down 5.7 %

INGM opened at $19.74 on Monday. Ingram Micro has a 52 week low of $19.19 and a 52 week high of $25.69. 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 (NYSE:INGM) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.72 EPS for the quarter. The firm had revenue of $11.76 billion for the quarter. As a group, research 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.