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

Ingram Micro Holding Corp. (NYSE:INGM) has been assigned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $28.14.

Several research analysts have commented on the company. Evercore ISI initiated coverage on Ingram Micro in a research report on Monday, November 18th. They set an “inline” rating and a $27.00 price target on the stock. Redburn Atlantic assumed coverage on Ingram Micro in a research report on Monday, November 18th. They issued a “buy” rating and a $30.00 price objective for the company. Royal Bank of Canada boosted their price target on Ingram Micro from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, February 21st. Northcoast Research began coverage on Ingram Micro in a research report on Friday, November 8th. They set a “neutral” rating for the company. Finally, Melius assumed coverage on shares of Ingram Micro in a research report on Tuesday, November 26th. They issued a “hold” rating and a $26.00 price objective for the company.

Ingram Micro Trading Down 0.8 %

Shares of NYSE:INGM opened at $22.52 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.96 and a current ratio of 1.40. Ingram Micro has a 1 year low of $18.90 and a 1 year high of $25.69. The stock’s 50-day simple moving average is $21.84.

Institutional Trading of Ingram Micro

Large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio bought a new position in Ingram Micro during the 4th quarter worth $118,000. Woodline Partners LP bought a new position in shares of Ingram Micro in the fourth quarter valued at approximately $5,831,000. Zimmer Partners LP bought a new stake in Ingram Micro in the fourth quarter worth about $291,000. Squarepoint Ops LLC bought a new stake in shares of Ingram Micro in the fourth quarter valued at $783,000. Finally, Sandia Investment Management LP purchased a new stake in Ingram Micro during the fourth quarter valued at about $388,000.

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.