Ingram Micro Holding Corp. (NYSE:INGM) Receives Consensus Rating of "Moderate Buy" from Analysts

Ingram Micro Holding Corp. (NYSE:INGM - Get Free Report) has been given an average recommendation of "Moderate Buy" by the sixteen brokerages that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $28.14.

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ingram Micro in a report on Monday, November 18th. They set a "buy" rating and a $26.00 price target for the company. Northcoast Research started coverage on shares of Ingram Micro in a report on Friday, November 8th. They set a "neutral" rating for the company. Loop Capital started coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued a "buy" rating and a $30.00 target price for the company. Stifel Nicolaus started coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued a "buy" rating and a $28.00 target price for the company. Finally, Morgan Stanley upgraded shares of Ingram Micro from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $25.00 to $27.00 in a report on Thursday, January 16th.

Ingram Micro Trading Down 1.6 %

Shares of INGM stock traded down $0.34 during trading on Wednesday, reaching $21.54. The company's stock had a trading volume of 296,772 shares, compared to its average volume of 299,640. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.96 and a current ratio of 1.40. Ingram Micro has a 1-year low of $18.90 and a 1-year high of $25.69. The company has a 50-day simple moving average of $21.97.

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Hedge Funds Weigh In On Ingram Micro

A number of large investors have recently bought and sold shares of the company. Capital World Investors purchased a new position in Ingram Micro during the 4th quarter worth $68,295,000. Victory Capital Management Inc. purchased a new position in shares of Ingram Micro in the 4th quarter valued at about $53,532,000. JPMorgan Chase & Co. purchased a new position in shares of Ingram Micro in the 4th quarter valued at about $37,793,000. American Century Companies Inc. purchased a new position in shares of Ingram Micro in the 4th quarter valued at about $36,268,000. Finally, Ameriprise Financial Inc. purchased a new position in shares of Ingram Micro in the 4th quarter valued at about $30,683,000.

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.