Ingram Micro (NYSE:INGM) Given New $25.00 Price Target at Morgan Stanley

Ingram Micro (NYSE:INGM) had its target price boosted by Morgan Stanley from $24.00 to $25.00 in a research note issued to investors on Monday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

A number of other research firms also recently issued reports on INGM. BNP Paribas began coverage on Ingram Micro in a report on Monday, November 18th. They issued a “neutral” rating and a $25.00 price objective for the company. Jefferies Financial Group began coverage on shares of Ingram Micro in a research note on Monday, November 18th. They issued a “buy” rating and a $28.00 price target for the company. The Goldman Sachs Group initiated coverage on shares of Ingram Micro in a research report on Monday, November 18th. They set a “buy” rating and a $33.00 price target for the company. Redburn Atlantic began coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued a “buy” rating and a $30.00 price objective on the stock. Finally, Loop Capital assumed coverage on shares of Ingram Micro in a report on Monday, November 18th. They set a “buy” rating and a $30.00 target price for the company. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.86.

Ingram Micro Price Performance

INGM stock opened at $21.00 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.93. Ingram Micro has a 1 year low of $20.83 and a 1 year high of $25.69.

Ingram Micro (NYSE:INGM) last announced its 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 during the quarter. On average, analysts predict that Ingram Micro will post 2.79 EPS for the current fiscal 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.