Ingram Micro Holding Corp. (NYSE:INGM - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $20.71, but opened at $22.31. Ingram Micro shares last traded at $22.14, with a volume of 27,938 shares trading hands.
Analyst Ratings Changes
A number of brokerages recently weighed in on INGM. Evercore ISI began coverage on Ingram Micro in a report on Monday, November 18th. They set an "inline" rating and a $27.00 price objective on the stock. Stifel Nicolaus started coverage on shares of Ingram Micro in a research report on Monday, November 18th. They set a "buy" rating and a $28.00 target price on the stock. Redburn Atlantic assumed coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued a "buy" rating and a $30.00 price target for the company. Jefferies Financial Group began coverage on shares of Ingram Micro in a report on Monday, November 18th. They set a "buy" rating and a $28.00 price objective on the stock. Finally, BNP Paribas started coverage on shares of Ingram Micro in a research report on Monday, November 18th. They set a "neutral" rating and a $25.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $28.00.
View Our Latest Analysis on Ingram Micro
Ingram Micro Trading Down 2.9 %
The stock's fifty day simple moving average is $21.50. 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 posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.72 EPS for the quarter. The company had revenue of $11.76 billion for the quarter. Equities research analysts forecast that Ingram Micro Holding Corp. will post 2.79 earnings per share for the current year.
Ingram Micro Company Profile
(
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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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