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

Ingram Micro Holding Corp. (NYSE:INGM) has been assigned an average recommendation of “Moderate Buy” from the sixteen research firms that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $28.00.

A number of research firms recently weighed in on INGM. Evercore ISI assumed coverage on shares of Ingram Micro in a report on Monday, November 18th. They set an “inline” rating and a $27.00 target price on the stock. Jefferies Financial Group began coverage on Ingram Micro in a research report on Monday, November 18th. They issued a “buy” rating and a $28.00 price objective on the stock. Stifel Nicolaus began coverage on Ingram Micro in a research report on Monday, November 18th. They set a “buy” rating and a $28.00 target price for the company. Northcoast Research assumed coverage on Ingram Micro in a report on Friday, November 8th. They issued a “neutral” rating on the stock. Finally, Loop Capital assumed coverage on Ingram Micro in a report on Monday, November 18th. They set a “buy” rating and a $30.00 price objective for the company.

Ingram Micro Stock Performance

NYSE:INGM opened at $23.70 on Friday. Ingram Micro has a 1 year low of $18.90 and a 1 year 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. The stock’s fifty day moving average is $21.56.

Ingram Micro (NYSE:INGM) last issued its earnings results on Tuesday, November 12th. The company reported $0.72 EPS for the quarter. The company had revenue of $11.76 billion during the quarter. On average, analysts expect that Ingram Micro will post 2.71 EPS for the current year.

Hedge Funds Weigh In On Ingram Micro

Several hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in Ingram Micro during the 4th quarter valued at approximately $17,432,000. Rhumbline Advisers purchased a new stake in Ingram Micro in the fourth quarter worth $171,000. New York State Common Retirement Fund bought a new stake in Ingram Micro in the fourth quarter valued at $304,000. Bank of New York Mellon Corp purchased a new position in Ingram Micro during the 4th quarter valued at $207,000. Finally, Keybank National Association OH bought a new position in Ingram Micro in the 4th quarter worth $319,000.

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.