Ingram Micro (NYSE:INGM) Stock Rating Upgraded by Melius Research

Ingram Micro (NYSE:INGM - Get Free Report) was upgraded by research analysts at Melius Research to a "hold" rating in a research note issued on Tuesday,Zacks.com reports.

Several other research firms have also commented on INGM. The Goldman Sachs Group initiated coverage on Ingram Micro in a report on Monday, November 18th. They set a "buy" rating and a $33.00 price target on the stock. Raymond James started coverage on shares of Ingram Micro in a research report on Monday, November 18th. They set an "outperform" rating and a $28.00 target price on the stock. Melius initiated coverage on shares of Ingram Micro in a research report on Tuesday. They set a "hold" rating and a $26.00 target price on the stock. Loop Capital began coverage on shares of Ingram Micro in a research report on Monday, November 18th. They issued a "buy" rating and a $30.00 price objective for the company. Finally, Jefferies Financial Group assumed coverage on shares of Ingram Micro in a research note on Monday, November 18th. They set a "buy" rating and a $28.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $27.79.

Ingram Micro Trading Down 0.5 %

NYSE:INGM traded down $0.11 during trading hours on Tuesday, hitting $21.71. 25,001 shares of the company were exchanged, compared to its average volume of 322,033. Ingram Micro has a 52-week low of $21.14 and a 52-week high of $25.69. 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 company had revenue of $11.76 billion for the quarter. On average, sell-side analysts expect that Ingram Micro will post 2.79 EPS 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.