Analysts Set Ingram Micro Holding Corp. (NYSE:INGM) Price Target at $27.79

Shares of Ingram Micro Holding Corp. (NYSE:INGM) have been assigned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are covering the stock, 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 price target among brokers that have updated their coverage on the stock in the last year is $27.79.

INGM has been the subject of a number of research reports. Redburn Atlantic began coverage on Ingram Micro in a research report on Monday, November 18th. They set a “buy” rating and a $30.00 price objective for the company. Royal Bank of Canada began coverage on Ingram Micro in a report on Monday, November 18th. They set an “outperform” rating and a $26.00 price target for the company. Bank of America assumed coverage on Ingram Micro in a report on Monday, November 18th. They issued a “buy” rating and a $30.00 price objective on the stock. Stifel Nicolaus initiated coverage on shares of Ingram Micro in a research report on Monday, November 18th. They set a “buy” rating and a $28.00 price objective on the stock. Finally, 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 target price for the company.

Ingram Micro Stock Down 2.3 %

NYSE INGM opened at $21.10 on Friday. 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 52-week low of $21.04 and a 52-week high of $25.69.

Ingram Micro (NYSE:INGM) last released its earnings results on Tuesday, November 12th. The company reported $0.72 earnings per share (EPS) for the quarter. The company had revenue of $11.76 billion during the quarter. On average, research analysts predict that Ingram Micro will post 2.79 EPS for the current fiscal 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.