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

Ingram Micro Holding Corp. (NYSE:INGM) has been given a consensus rating of “Moderate Buy” by the sixteen brokerages that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $27.79.

A number of equities research analysts have recently weighed in on INGM shares. William Blair began coverage on Ingram Micro in a report on Monday, November 18th. They issued an “outperform” rating for the company. Bank of America started coverage on shares of Ingram Micro in a report on Monday, November 18th. They set a “buy” rating and a $30.00 target price on the stock. Jefferies Financial Group started coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued a “buy” rating and a $28.00 price target for the company. JPMorgan Chase & Co. began coverage on shares of Ingram Micro in a report on Wednesday, November 20th. They issued a “neutral” rating and a $28.00 target price on the stock. Finally, Northcoast Research began coverage on Ingram Micro in a report on Friday, November 8th. They set a “neutral” rating for the company.

Ingram Micro Trading Down 2.4 %

INGM opened at $21.60 on Friday. 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 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 EPS for the quarter. The company had revenue of $11.76 billion for the quarter. On average, sell-side analysts forecast 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.