Ingram Micro Holding Corp. (NYSE:INGM - Get Free Report) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as $19.11 and last traded at $19.45, with a volume of 168050 shares changing hands. The stock had previously closed at $20.39.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on INGM. 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 on the stock. Evercore ISI started coverage on Ingram Micro in a report on Monday, November 18th. They issued an "inline" rating and a $27.00 target price on the stock. Melius assumed coverage on shares of Ingram Micro in a report on Tuesday, November 26th. They set a "hold" rating and a $26.00 price target for the company. BNP Paribas started coverage on shares of Ingram Micro in a research note on Monday, November 18th. They set a "neutral" rating and a $25.00 target price for the company. Finally, The Goldman Sachs Group assumed coverage on shares of Ingram Micro in a research note on Monday, November 18th. They issued a "buy" rating and a $33.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Ingram Micro has an average rating of "Moderate Buy" and a consensus price target of $27.86.
View Our Latest Analysis on Ingram Micro
Ingram Micro Price Performance
The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93.
Ingram Micro (NYSE:INGM - Get Free Report) last posted its 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 during the quarter. On average, equities analysts predict that Ingram Micro Holding Corp. will post 2.79 earnings per share for the current fiscal year.
About Ingram Micro
(
Get Free Report)
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.
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