Analysts Set Ingram Micro Holding Corp. (NYSE:INGM) Target Price at $27.92

Ingram Micro Holding Corp. (NYSE:INGM) has earned an average rating of “Moderate Buy” from the fourteen analysts that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $27.92.

A number of equities analysts have recently issued reports on INGM shares. BNP Paribas assumed coverage on Ingram Micro in a research report on Monday. They set a “neutral” rating and a $25.00 price target on the stock. The Goldman Sachs Group began coverage on Ingram Micro in a report on Monday. They set a “buy” rating and a $33.00 target price on the stock. Bank of America initiated coverage on Ingram Micro in a research report on Monday. They issued a “buy” rating and a $30.00 target price for the company. Evercore ISI assumed coverage on Ingram Micro in a report on Monday. They issued an “inline” rating and a $27.00 price objective for the company. Finally, Redburn Atlantic began coverage on shares of Ingram Micro in a research note on Monday. They set a “buy” rating and a $30.00 target price for the company.

Ingram Micro Stock Down 3.8 %

Shares of INGM opened at $21.91 on Monday. Ingram Micro has a 12-month low of $21.84 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 posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.72 earnings per share for the quarter. The firm had revenue of $11.76 billion for the quarter.

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.