Ingram Micro (NYSE:INGM) Rating Increased to Hold at Melius Research

Melius Research upgraded shares of Ingram Micro (NYSE:INGM) to a hold rating in a research note released on Tuesday,Zacks.com reports.

Several other research analysts have also commented on the stock. The Goldman Sachs Group started coverage on shares of Ingram Micro in a research note on Monday, November 18th. They set a “buy” rating and a $33.00 price objective for the company. Melius initiated coverage on shares of Ingram Micro in a report on Tuesday. They set a “hold” rating and a $26.00 price target on the stock. Bank of America started coverage on shares of Ingram Micro in a research note on Monday, November 18th. They issued a “buy” rating and a $30.00 price objective 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 price target on the stock. Finally, William Blair started coverage on shares of Ingram Micro in a research note on Monday, November 18th. They set an “outperform” rating for the company. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Ingram Micro has an average rating of “Moderate Buy” and a consensus price target of $27.79.

Ingram Micro Trading Down 1.6 %

INGM stock opened at $21.80 on Tuesday. 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 52 week low of $21.14 and a 52 week high of $25.69.

Ingram Micro (NYSE:INGM) last issued its quarterly earnings data 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. Analysts anticipate that Ingram Micro 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.