Brokerages Set Ingram Micro Holding Corp. (NYSE:INGM) Price Target at $27.86

Ingram Micro Holding Corp. (NYSE:INGM - Get Free Report) has received a consensus rating of "Moderate Buy" from the sixteen ratings firms that are currently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $27.86.

Several research analysts have recently commented on the company. Melius Research upgraded Ingram Micro to a "hold" rating in a research report on Tuesday, November 26th. Stifel Nicolaus initiated coverage on Ingram Micro in a research report on Monday, November 18th. They issued a "buy" rating and a $28.00 target price for the company. Melius began coverage on shares of Ingram Micro in a research note on Tuesday, November 26th. They issued a "hold" rating and a $26.00 price objective for the company. Raymond James initiated coverage on shares of Ingram Micro in a research note on Monday, November 18th. They set an "outperform" rating and a $28.00 target price 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 price target for the company.

Ingram Micro Trading Up 1.9 %

Shares of INGM traded up $0.38 during mid-day trading on Tuesday, reaching $20.63. The stock had a trading volume of 285,274 shares, compared to its average volume of 513,993. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. The company has a fifty 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 - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.72 earnings per share (EPS) for the quarter. The firm had revenue of $11.76 billion for the quarter. Sell-side analysts forecast 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.