Ingram Micro (NYSE:INGM) Upgraded to Hold at Melius Research

Melius Research upgraded shares of Ingram Micro (NYSE:INGM) to a hold rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

INGM has been the topic of a number of other reports. The Goldman Sachs Group started coverage on shares of Ingram Micro in a research report on Monday, November 18th. They issued a “buy” rating and a $33.00 price target on the stock. Evercore ISI started coverage on shares of Ingram Micro in a research report on Monday, November 18th. They issued an “inline” rating and a $27.00 price target on the stock. Jefferies Financial Group started coverage on shares of Ingram Micro in a research report on Monday, November 18th. They issued a “buy” rating and a $28.00 price target on the stock. Melius initiated coverage on shares of Ingram Micro in a research report on Tuesday. They issued a “hold” rating and a $26.00 price target on the stock. Finally, BNP Paribas initiated coverage on Ingram Micro in a research note on Monday, November 18th. They set a “neutral” rating and a $25.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $27.79.

Ingram Micro Trading Up 5.5 %

Ingram Micro stock opened at $23.77 on Tuesday. 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 has a 1 year low of $21.14 and a 1 year 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 firm had revenue of $11.76 billion during the quarter. Analysts forecast that Ingram Micro will post 2.79 earnings per share 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.