Ingram Micro (NYSE:INGM) Hits New 12-Month Low - What's Next?

Ingram Micro Holding Corp. (NYSE:INGM - Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as $21.04 and last traded at $21.17, with a volume of 53987 shares traded. The stock had previously closed at $21.60.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on INGM shares. 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. Raymond James assumed coverage on Ingram Micro in a report on Monday, November 18th. They issued an "outperform" rating and a $28.00 target price on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on Ingram Micro in a research report on Monday, November 18th. They issued a "buy" rating and a $26.00 target price on the stock. Bank of America began coverage on shares of Ingram Micro in a research report on Monday, November 18th. They set a "buy" rating and a $30.00 price target for the company. Finally, Loop Capital began coverage on shares of Ingram Micro in a research report on Monday, November 18th. They set a "buy" rating and a $30.00 target price for the company. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $27.79.

Ingram Micro Stock Down 2.3 %

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 issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.72 EPS for the quarter. The firm had revenue of $11.76 billion for the quarter. Sell-side analysts predict that Ingram Micro Holding Corp. will post 2.79 earnings per share for the current 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.