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

Shares of Ingram Micro Holding Corp. (NYSE:INGM) have been assigned an average recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation 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 recently issued reports on INGM shares. Melius initiated coverage on shares of Ingram Micro in a research note on Tuesday, November 26th. They issued a “hold” rating and a $26.00 price target for the company. Northcoast Research assumed coverage on Ingram Micro in a research report on Friday, November 8th. They set a “neutral” rating for the company. The Goldman Sachs Group initiated coverage on Ingram Micro in a report on Monday, November 18th. They issued a “buy” rating and a $33.00 target price on the stock. Evercore ISI initiated coverage on Ingram Micro in a research report on Monday, November 18th. They issued an “inline” rating and a $27.00 price target for the company. Finally, JPMorgan Chase & Co. started coverage on shares of Ingram Micro in a research report on Wednesday, November 20th. They set a “neutral” rating and a $28.00 price objective on the stock.

Ingram Micro Stock Up 1.1 %

NYSE:INGM opened at $19.80 on Tuesday. Ingram Micro has a 12 month low of $18.90 and a 12 month high of $25.69. The stock has a 50-day moving average of $21.55. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.40 and a quick ratio of 0.96.

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. Research analysts forecast that Ingram Micro will post 2.79 earnings per share for the current 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.