Analysts Set Ingram Micro Holding Corp. (NYSE:INGM) Target Price at $27.92

Shares of Ingram Micro Holding Corp. (NYSE:INGM) have been given an average rating of “Moderate Buy” by the fourteen research firms that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $27.92.

INGM has been the topic of several research reports. Northcoast Research began coverage on Ingram Micro in a report on Friday, November 8th. They issued a “neutral” rating on the stock. Morgan Stanley started coverage on shares of Ingram Micro in a research note on Monday, November 18th. They issued an “equal weight” rating and a $24.00 price objective on the stock. William Blair assumed coverage on shares of Ingram Micro in a research report on Monday, November 18th. They set an “outperform” rating for the company. Evercore ISI started coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued an “inline” rating and a $27.00 price target on the stock. Finally, The Goldman Sachs Group began coverage on shares of Ingram Micro in a research note on Monday, November 18th. They set a “buy” rating and a $33.00 price objective for the company.

Ingram Micro Stock Up 2.5 %

NYSE:INGM opened at $22.00 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.93. Ingram Micro has a fifty-two week low of $21.14 and a fifty-two week high of $25.69.

Ingram Micro (NYSE:INGM) last issued its earnings results on Tuesday, November 12th. The company reported $0.72 earnings per share (EPS) for the quarter. The company had revenue of $11.76 billion during 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.