Ingram Micro (NYSE:INGM) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of Ingram Micro (NYSE:INGM) from an equal weight rating to an overweight rating in a research report sent to investors on Thursday, MarketBeat Ratings reports. The brokerage currently has $27.00 target price on the stock, up from their previous target price of $25.00.

A number of other research analysts have also weighed in on the company. Stifel Nicolaus started coverage on Ingram Micro in a research note on Monday, November 18th. They set a “buy” rating and a $28.00 price target on the stock. William Blair started coverage on shares of Ingram Micro in a report on Monday, November 18th. They set an “outperform” rating on the stock. Jefferies Financial Group initiated coverage on shares of Ingram Micro in a research report on Monday, November 18th. They issued a “buy” rating and a $28.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on shares of Ingram Micro in a research report on Wednesday, November 20th. They issued a “neutral” rating and a $28.00 price objective for the company. Finally, Melius began coverage on Ingram Micro in a report on Tuesday, November 26th. They issued a “hold” rating and a $26.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Ingram Micro Stock Performance

NYSE:INGM opened at $21.97 on Thursday. The stock’s 50 day moving average price is $21.46. Ingram Micro has a 52-week low of $18.90 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 issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.72 earnings per share (EPS) for the quarter. The firm had revenue of $11.76 billion for the quarter. As a group, equities research analysts predict 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.