Ingram Micro Holding Corp. (NYSE:INGM) Given Consensus Rating of “Moderate Buy” by Analysts

Ingram Micro Holding Corp. (NYSE:INGM) has received an average recommendation of “Moderate Buy” from the sixteen analysts that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $28.00.

INGM has been the subject of several analyst reports. Bank of America assumed coverage on Ingram Micro in a research note on Monday, November 18th. They set a “buy” rating and a $30.00 price target for the company. Melius Research raised Ingram Micro to a “hold” rating in a report on Tuesday, November 26th. Loop Capital began coverage on Ingram Micro in a report on Monday, November 18th. They set a “buy” rating and a $30.00 price objective on the stock. William Blair began coverage on Ingram Micro in a report on Monday, November 18th. They issued an “outperform” rating for the company. Finally, BNP Paribas initiated coverage on shares of Ingram Micro in a research note on Monday, November 18th. They set a “neutral” rating and a $25.00 price target on the stock.

Ingram Micro Price Performance

Shares of NYSE INGM opened at $23.32 on Friday. The stock’s 50-day simple moving average is $21.39. 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 has a fifty-two week low of $18.90 and a fifty-two week high of $25.69.

Ingram Micro (NYSE:INGM) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.72 earnings per share for the quarter. The company had revenue of $11.76 billion during the quarter. As a group, research analysts predict that Ingram Micro will post 2.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ingram Micro

Several hedge funds and other institutional investors have recently modified their holdings of INGM. Rhumbline Advisers purchased a new position in shares of Ingram Micro in the fourth quarter valued at $171,000. New York State Common Retirement Fund purchased a new stake in Ingram Micro during the 4th quarter worth $304,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Ingram Micro in the 4th quarter worth $17,432,000.

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.