Morgan Stanley upgraded shares of Ingram Micro (NYSE:INGM - Free Report) from an equal weight rating to an overweight rating in a research report released on Thursday, MarketBeat Ratings reports. Morgan Stanley currently has $27.00 price objective on the stock, up from their previous price objective of $25.00.
A number of other analysts also recently issued reports on the company. BNP Paribas assumed coverage on Ingram Micro in a research report on Monday, November 18th. They issued a "neutral" rating and a $25.00 price target for the company. Deutsche Bank Aktiengesellschaft began coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued a "buy" rating and a $26.00 target price for the company. Royal Bank of Canada started coverage on shares of Ingram Micro in a report on Monday, November 18th. They set an "outperform" rating and a $26.00 price target on the stock. Melius started coverage on shares of Ingram Micro in a research note on Tuesday, November 26th. They issued a "hold" rating and a $26.00 price objective for the company. Finally, Northcoast Research assumed coverage on Ingram Micro in a research report on Friday, November 8th. They set a "neutral" rating for the company. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $28.00.
Check Out Our Latest Research Report on INGM
Ingram Micro Stock Up 9.3 %
Shares of NYSE INGM traded up $1.93 during mid-day trading on Thursday, hitting $22.64. 219,209 shares of the company's stock traded hands, compared to its average volume of 387,475. 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 has a 1 year low of $18.90 and a 1 year high of $25.69. The business has a 50-day moving average of $21.49.
Ingram Micro (NYSE:INGM - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.72 earnings per share (EPS) for the quarter. The company had revenue of $11.76 billion for the quarter. On average, equities research analysts anticipate that Ingram Micro will post 2.79 EPS for the current fiscal year.
About Ingram Micro
(
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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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