Ingram Micro Holding Corp.’s Quiet Period To End on December 3rd (NYSE:INGM)

Ingram Micro’s (NYSE:INGM) quiet period will expire on Tuesday, December 3rd. Ingram Micro had issued 18,600,000 shares in its initial public offering on October 24th. The total size of the offering was $409,200,000 based on an initial share price of $22.00. During Ingram Micro’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Ratings Changes

INGM has been the topic of a number of recent analyst reports. Redburn Atlantic assumed coverage on Ingram Micro in a research report on Monday, November 18th. They set a “buy” rating and a $30.00 target price on the stock. Northcoast Research assumed coverage on Ingram Micro in a report on Friday, November 8th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. started coverage on Ingram Micro in a report on Wednesday, November 20th. They set a “neutral” rating and a $28.00 price target on the stock. The Goldman Sachs Group started coverage on Ingram Micro in a research note on Monday, November 18th. They issued a “buy” rating and a $33.00 target price on the stock. Finally, Stifel Nicolaus started coverage on Ingram Micro in a research note on Monday, November 18th. They issued a “buy” rating and a $28.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.92.

Ingram Micro Price Performance

Shares of Ingram Micro stock opened at $22.16 on Tuesday. Ingram Micro has a 12 month low of $21.14 and a 12 month 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 issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.72 EPS for the quarter. The firm had revenue of $11.76 billion during the quarter. Research analysts forecast 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.