Ingram Micro (NYSE:INGM) Upgraded at Morgan Stanley

Ingram Micro (NYSE:INGM) was upgraded by Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued on Thursday,Benzinga reports. The firm currently has a $27.00 price target on the stock, up from their prior price target of $25.00. Morgan Stanley’s price target points to a potential upside of 30.56% from the company’s current price.

Other research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft assumed coverage on Ingram Micro in a report on Monday, November 18th. They issued a “buy” rating and a $26.00 price target on the stock. 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. JPMorgan Chase & Co. began coverage on shares of Ingram Micro in a report on Wednesday, November 20th. They issued a “neutral” rating and a $28.00 price target on the stock. BNP Paribas initiated coverage on shares of Ingram Micro in a report on Monday, November 18th. They set a “neutral” rating and a $25.00 price objective for the company. Finally, Melius initiated coverage on Ingram Micro in a report on Tuesday, November 26th. They issued a “hold” rating and a $26.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Ingram Micro currently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

Ingram Micro Stock Performance

Shares of NYSE INGM opened at $20.68 on Thursday. Ingram Micro has a 12-month low of $18.90 and a 12-month high of $25.69. The firm’s 50 day simple moving average is $21.49. 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) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.72 EPS for the quarter. The company had revenue of $11.76 billion during the quarter. Analysts anticipate that Ingram Micro will post 2.79 earnings per share 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.