Ingram Micro Holding Corp.'s (NYSE:INGM) Quiet Period Will Expire on December 3rd

Ingram Micro's (NYSE:INGM - Get Free Report) quiet period will expire on Tuesday, December 3rd. Ingram Micro had issued 18,600,000 shares in its initial public offering on October 24th. The total size of the offering was $409,200,000 based on an initial share price of $22.00. During the company's quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company's quiet period, it's expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Upgrades and Downgrades

INGM has been the topic of several recent analyst reports. Bank of America assumed coverage on Ingram Micro in a research note on Monday, November 18th. They issued a "buy" rating and a $30.00 price target on the stock. Raymond James assumed coverage on shares of Ingram Micro in a research report on Monday, November 18th. They set an "outperform" rating and a $28.00 price objective on the stock. BNP Paribas assumed coverage on shares of Ingram Micro in a research report on Monday, November 18th. They issued a "neutral" rating and a $25.00 price target for the company. Stifel Nicolaus started coverage on Ingram Micro in a report on Monday, November 18th. They set a "buy" rating and a $28.00 price target for the company. Finally, Jefferies Financial Group started coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued a "buy" rating and a $28.00 price target on the stock. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $27.79.

Ingram Micro Stock Down 1.9 %

Shares of NYSE:INGM traded down $0.42 during midday trading on Tuesday, reaching $21.74. 282,029 shares of the company's stock were exchanged, compared to its average volume of 331,203. Ingram Micro has a fifty-two week low of $21.14 and a fifty-two week high of $25.69. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.40 and a quick ratio of 0.96.

Ingram Micro (NYSE:INGM - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.72 EPS for the quarter. The business had revenue of $11.76 billion during the quarter. As a group, 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.