Brokerages Set Ingram Micro Holding Corp. (NYSE:INGM) PT at $27.79

Ingram Micro Holding Corp. (NYSE:INGM) has been given an average rating of “Moderate Buy” by the sixteen analysts that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $27.79.

A number of equities analysts recently issued reports on INGM shares. Evercore ISI assumed coverage on shares of Ingram Micro in a research report on Monday, November 18th. They issued an “inline” rating and a $27.00 target price for the company. BNP Paribas started coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued a “neutral” rating and a $25.00 price objective for the company. Melius began coverage on Ingram Micro in a report on Tuesday, November 26th. They set a “hold” rating and a $26.00 target price on the stock. Morgan Stanley initiated coverage on Ingram Micro in a research report on Monday, November 18th. They issued an “equal weight” rating and a $24.00 target price for the company. Finally, Jefferies Financial Group initiated coverage on Ingram Micro in a research note on Monday, November 18th. They issued a “buy” rating and a $28.00 price objective on the stock.

Ingram Micro Price Performance

Shares of NYSE INGM opened at $21.10 on Friday. Ingram Micro has a 12-month low of $21.04 and a 12-month high of $25.69. 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 (NYSE:INGM) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.72 earnings per share (EPS) for the quarter. The business had revenue of $11.76 billion for the quarter. Equities research analysts anticipate that Ingram Micro will post 2.79 earnings per share 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.