Analysts Set Ingram Micro Holding Corp. (NYSE:INGM) PT at $28.00

Shares of Ingram Micro Holding Corp. (NYSE:INGM) have received a consensus rating of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $28.00.

Several equities analysts have recently issued reports on INGM shares. William Blair started coverage on shares of Ingram Micro in a report on Monday, November 18th. They set an “outperform” rating for the company. Redburn Atlantic assumed coverage on Ingram Micro in a report on Monday, November 18th. They issued a “buy” rating and a $30.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on Ingram Micro in a report on Wednesday, November 20th. They set a “neutral” rating and a $28.00 price target for the company. BNP Paribas initiated coverage on shares of Ingram Micro in a research note on Monday, November 18th. They issued a “neutral” rating and a $25.00 price target on the stock. Finally, Melius Research raised shares of Ingram Micro to a “hold” rating in a research report on Tuesday, November 26th.

Institutional Investors Weigh In On Ingram Micro

A number of large investors have recently added to or reduced their stakes in INGM. Rhumbline Advisers purchased a new position in shares of Ingram Micro in the 4th quarter worth $171,000. Bank of New York Mellon Corp bought a new position in Ingram Micro in the fourth quarter valued at about $207,000. New York State Common Retirement Fund purchased a new position in Ingram Micro in the fourth quarter worth about $304,000. Keybank National Association OH bought a new stake in shares of Ingram Micro during the 4th quarter valued at about $319,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Ingram Micro during the 4th quarter valued at about $17,432,000.

Ingram Micro Stock Down 1.8 %

Shares of INGM stock opened at $23.70 on Friday. The business has a fifty day moving average price of $21.56. 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 twelve month low of $18.90 and a twelve month high of $25.69.

Ingram Micro (NYSE:INGM) last issued 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 during the quarter. Analysts forecast that Ingram Micro will post 2.71 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.