Melius Research Upgrades Ingram Micro (NYSE:INGM) to Hold

Ingram Micro (NYSE:INGM) was upgraded by equities researchers at Melius Research to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other brokerages have also weighed in on INGM. BNP Paribas initiated coverage on Ingram Micro in a research note on Monday, November 18th. They set a “neutral” rating and a $25.00 price target on the stock. The Goldman Sachs Group initiated coverage on Ingram Micro in a research report on Monday, November 18th. They issued a “buy” rating and a $33.00 target price on the stock. William Blair initiated coverage on Ingram Micro in a research report on Monday, November 18th. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Ingram Micro in a research report on Monday, November 18th. They issued a “buy” rating and a $26.00 target price on the stock. Finally, Stifel Nicolaus initiated coverage on Ingram Micro in a research report on Monday, November 18th. They issued a “buy” rating and a $28.00 target price on the stock. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Ingram Micro has an average rating of “Moderate Buy” and a consensus price target of $27.79.

Ingram Micro Trading Up 3.3 %

Shares of NYSE:INGM opened at $22.54 on Tuesday. 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 has a one year low of $21.14 and a one year high of $25.69.

Ingram Micro (NYSE:INGM) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.72 earnings per share for the quarter. The business had revenue of $11.76 billion for the quarter. On average, equities research analysts forecast 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.