Ingram Micro (NYSE:INGM) Reaches New 12-Month Low – Should You Sell?

Ingram Micro Holding Corp. (NYSE:INGM)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $21.04 and last traded at $21.17, with a volume of 53987 shares traded. The stock had previously closed at $21.60.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on INGM. Bank of America began coverage on shares of Ingram Micro in a research note on Monday, November 18th. They set a “buy” rating and a $30.00 price objective for the company. Evercore ISI assumed coverage on shares of Ingram Micro in a research report on Monday, November 18th. They set an “inline” rating and a $27.00 price target for the company. Melius began coverage on Ingram Micro in a research report on Tuesday, November 26th. They issued a “hold” rating and a $26.00 price objective on the stock. JPMorgan Chase & Co. initiated coverage on Ingram Micro in a report on Wednesday, November 20th. They issued a “neutral” rating and a $28.00 target price for the company. Finally, Northcoast Research initiated coverage on Ingram Micro in a report on Friday, November 8th. They set a “neutral” rating on the stock. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.79.

Ingram Micro Stock Down 2.3 %

The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.93.

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 business had revenue of $11.76 billion during the quarter. As a group, equities analysts anticipate that Ingram Micro Holding Corp. will post 2.79 EPS for the current year.

Ingram Micro Company Profile

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.