Ingram Micro (NYSE:INGM) Given New $25.00 Price Target at Morgan Stanley

Ingram Micro (NYSE:INGM) had its target price lifted by research analysts at Morgan Stanley from $24.00 to $25.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 14.68% from the company’s previous close.

A number of other research analysts also recently issued reports on INGM. Royal Bank of Canada assumed coverage on shares of Ingram Micro in a research report on Monday, November 18th. They set an “outperform” rating and a $26.00 target price for the company. Northcoast Research started coverage on shares of Ingram Micro in a research report on Friday, November 8th. They issued a “neutral” rating for the company. William Blair began coverage on Ingram Micro in a research report on Monday, November 18th. They set an “outperform” rating on the stock. Stifel Nicolaus began coverage on Ingram Micro in a report on Monday, November 18th. They issued a “buy” rating and a $28.00 price target for the company. Finally, BNP Paribas assumed coverage on Ingram Micro in a research note on Monday, November 18th. They set a “neutral” rating and a $25.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $27.86.

Ingram Micro Trading Up 3.3 %

NYSE:INGM opened at $21.80 on Monday. 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 has a 52 week low of $21.04 and a 52 week high of $25.69.

Ingram Micro (NYSE:INGM) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.72 earnings per share (EPS) for the quarter. The company had revenue of $11.76 billion during the quarter. As a group, equities research analysts anticipate that Ingram Micro will post 2.79 EPS 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.