Ingram Micro Holding Corp. (NYSE:INGM) Receives Consensus Rating of “Moderate Buy” from Analysts

Ingram Micro Holding Corp. (NYSE:INGM) has been given an average recommendation of “Moderate Buy” by the sixteen ratings firms that are currently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $27.86.

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ingram Micro in a research report on Monday, November 18th. They set a “buy” rating and a $26.00 target price on the stock. JPMorgan Chase & Co. began 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. William Blair initiated coverage on Ingram Micro in a research report on Monday, November 18th. They set an “outperform” rating for the company. Bank of America started coverage on shares of Ingram Micro in a research report on Monday, November 18th. They issued a “buy” rating and a $30.00 price target on the stock. Finally, Northcoast Research assumed coverage on shares of Ingram Micro in a report on Friday, November 8th. They set a “neutral” rating for the company.

Ingram Micro Stock Performance

Shares of NYSE INGM opened at $19.79 on Friday. Ingram Micro has a 52 week low of $19.19 and a 52 week high of $25.69. 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 (NYSE:INGM) last posted its earnings results on Tuesday, November 12th. The company reported $0.72 EPS for the quarter. The business had revenue of $11.76 billion during the quarter. As a group, equities analysts anticipate that Ingram Micro 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.