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

Ingram Micro Holding Corp. (NYSE:INGM - Get Free Report) has received an average rating of "Moderate Buy" from the sixteen brokerages that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $28.00.

INGM has been the subject of several analyst reports. The Goldman Sachs Group began coverage on Ingram Micro in a report on Monday, November 18th. They issued a "buy" rating and a $33.00 price objective for the company. JPMorgan Chase & Co. started coverage on shares of Ingram Micro in a research report on Wednesday, November 20th. They set a "neutral" rating and a $28.00 price objective for the company. Royal Bank of Canada assumed coverage on shares of Ingram Micro in a research note on Monday, November 18th. They set an "outperform" rating and a $26.00 price objective on the stock. BNP Paribas began coverage on shares of Ingram Micro in a research report on Monday, November 18th. They issued a "neutral" rating and a $25.00 target price for the company. Finally, Northcoast Research assumed coverage on shares of Ingram Micro in a research report on Friday, November 8th. They set a "neutral" rating on the stock.

Institutional Trading of Ingram Micro

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers bought a new stake in shares of Ingram Micro during the 4th quarter valued at about $171,000. Bank of New York Mellon Corp bought a new position in shares of Ingram Micro during the 4th quarter worth approximately $207,000. New York State Common Retirement Fund acquired a new stake in shares of Ingram Micro during the 4th quarter worth approximately $304,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Ingram Micro in the 4th quarter valued at $17,432,000.

Ingram Micro Trading Up 2.5 %

INGM stock traded up $0.58 during mid-day trading on Friday, hitting $23.79. 170,594 shares of the company were exchanged, compared to its average volume of 382,900. Ingram Micro has a 1-year low of $18.90 and a 1-year high of $25.69. The business has a 50 day simple moving average of $21.44. 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 - Get Free Report) last issued 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 during the quarter. As a group, analysts predict that Ingram Micro will post 2.71 earnings per share 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.