Ingram Micro Holding Corp.’s Quiet Period Set To End on December 3rd (NYSE:INGM)

Ingram Micro’s (NYSE:INGM) quiet period will end on Tuesday, December 3rd. Ingram Micro had issued 18,600,000 shares in its IPO on October 24th. The total size of the offering was $409,200,000 based on an initial share price of $22.00. During Ingram Micro’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Morgan Stanley assumed coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued an “equal weight” rating and a $24.00 price target for the company. Jefferies Financial Group assumed coverage on shares of Ingram Micro in a research note on Monday, November 18th. They set a “buy” rating and a $28.00 target price for the company. Royal Bank of Canada assumed coverage on Ingram Micro in a research note on Monday, November 18th. They set an “outperform” rating and a $26.00 price objective for the company. William Blair assumed coverage on Ingram Micro in a research report on Monday, November 18th. They set an “outperform” rating for the company. Finally, JPMorgan Chase & Co. assumed coverage on Ingram Micro in a research report on Wednesday, November 20th. They set a “neutral” rating and a $28.00 price target for the company. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.79.

Ingram Micro Price Performance

INGM opened at $22.54 on Thursday. 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 12 month low of $21.14 and a 12 month high of $25.69.

Ingram Micro (NYSE:INGM) last issued its quarterly 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, equities research analysts predict that Ingram Micro will post 2.79 EPS for the current fiscal 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.