Ingram Micro Holding Corp. (NYSE:INGM) Receives $27.86 Consensus PT from Brokerages

Shares of Ingram Micro Holding Corp. (NYSE:INGM) have been assigned an average rating of “Moderate Buy” from the sixteen research firms that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $27.86.

Several research analysts have recently commented on the company. Jefferies Financial Group initiated coverage on Ingram Micro in a report on Monday, November 18th. They set a “buy” rating and a $28.00 price objective for the company. Royal Bank of Canada initiated coverage on shares of Ingram Micro in a research note on Monday, November 18th. They issued an “outperform” rating and a $26.00 price target for the company. Redburn Atlantic initiated coverage on shares of Ingram Micro in a research report on Monday, November 18th. They set a “buy” rating and a $30.00 price objective on the stock. Loop Capital started coverage on shares of Ingram Micro in a research report on Monday, November 18th. They issued a “buy” rating and a $30.00 target price for the company. Finally, Stifel Nicolaus initiated coverage on Ingram Micro in a research report on Monday, November 18th. They set a “buy” rating and a $28.00 price target on the stock.

Ingram Micro Trading Down 4.5 %

NYSE INGM opened at $19.68 on Tuesday. The business has a 50 day moving average price of $21.59. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.96 and a current ratio of 1.40. Ingram Micro has a 1 year low of $18.90 and a 1 year high of $25.69.

Ingram Micro (NYSE:INGM) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.72 earnings per share (EPS) for the quarter. The business had revenue of $11.76 billion during the quarter. As a group, 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.