Ingram Micro (NYSE:INGM) Given New $25.00 Price Target at Morgan Stanley

Ingram Micro (NYSE:INGM - Free Report) had its price objective raised by Morgan Stanley from $24.00 to $25.00 in a research note published on Monday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

INGM has been the subject of several other research reports. Jefferies Financial Group began 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. The Goldman Sachs Group began coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued a "buy" rating and a $33.00 target price for the company. Stifel Nicolaus assumed coverage on shares of Ingram Micro in a report on Monday, November 18th. They set a "buy" rating and a $28.00 price target on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Ingram Micro in a research note on Monday, November 18th. They issued a "buy" rating and a $26.00 price objective for the company. Finally, Redburn Atlantic began coverage on Ingram Micro in a research note on Monday, November 18th. They issued a "buy" rating and a $30.00 target price on the stock. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $27.86.

Ingram Micro Stock Performance

Shares of Ingram Micro stock traded down $0.10 during trading on Monday, hitting $21.00. The company's stock had a trading volume of 251,882 shares, compared to its average volume of 327,769. 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 has a 52 week low of $20.83 and a 52 week high of $25.69.

Ingram Micro (NYSE:INGM - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.72 earnings per share (EPS) for the quarter. The business had revenue of $11.76 billion during the quarter. On average, sell-side analysts predict that Ingram Micro will post 2.79 earnings per share for the current fiscal year.

About Ingram Micro

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.