Shares of Ingram Micro Holding Corp. (NYSE:INGM - Get Free Report) hit a new 52-week low during trading on Thursday . The company traded as low as $19.19 and last traded at $19.74, with a volume of 383795 shares. The stock had previously closed at $20.94.
Analysts Set New Price Targets
Several research analysts have commented on the stock. William Blair assumed coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued an "outperform" rating for the company. Stifel Nicolaus began coverage on Ingram Micro in a research report on Monday, November 18th. They set a "buy" rating and a $28.00 price objective on the stock. Redburn Atlantic began coverage on Ingram Micro in a research report on Monday, November 18th. They issued a "buy" rating and a $30.00 target price for the company. Jefferies Financial Group started coverage on Ingram Micro in a research report on Monday, November 18th. They set a "buy" rating and a $28.00 price target on the stock. Finally, Loop Capital assumed coverage on Ingram Micro in a report on Monday, November 18th. They issued a "buy" rating and a $30.00 price objective for the company. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.86.
Read Our Latest Report on Ingram Micro
Ingram Micro Stock Up 0.3 %
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 announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.72 earnings per share for the quarter. The firm had revenue of $11.76 billion for the quarter. As a group, equities research analysts forecast 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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