Analysts Set Ingram Micro Holding Corp. (NYSE:INGM) Target Price at $27.79

Ingram Micro Holding Corp. (NYSE:INGM - Get Free Report) has received an average rating of "Moderate Buy" from the sixteen ratings firms that are covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $27.79.

A number of brokerages have commented on INGM. Morgan Stanley started coverage on Ingram Micro in a research note on Monday, November 18th. They issued an "equal weight" rating and a $24.00 price objective for the company. Redburn Atlantic began coverage on shares of Ingram Micro in a research report on Monday, November 18th. They issued a "buy" rating and a $30.00 price target for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ingram Micro in a report on Monday, November 18th. They set a "buy" rating and a $26.00 price objective on the stock. The Goldman Sachs Group began coverage on shares of Ingram Micro in a report on Monday, November 18th. They set a "buy" rating and a $33.00 price objective for the company. Finally, Bank of America initiated coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued a "buy" rating and a $30.00 target price on the stock.

Ingram Micro Stock Performance

NYSE INGM traded down $0.50 during trading hours on Friday, hitting $21.10. 277,494 shares of the company's stock were exchanged, compared to its average volume of 329,940. Ingram Micro has a 1-year low of $21.04 and a 1-year 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 - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported $0.72 earnings per share (EPS) for the quarter. The company had revenue of $11.76 billion for the quarter. On average, sell-side analysts anticipate that Ingram Micro will post 2.79 earnings per share 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.