Morgan Stanley Raises Ingram Micro (NYSE:INGM) Price Target to $25.00

Ingram Micro (NYSE:INGM) had its target price hoisted by equities research analysts at Morgan Stanley from $24.00 to $25.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 19.67% from the company’s current price.

A number of other research firms have also weighed in on INGM. 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 on the stock. Stifel Nicolaus initiated coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued a “buy” rating and a $28.00 target price on the stock. Redburn Atlantic started coverage on shares of Ingram Micro in a report on Monday, November 18th. They set a “buy” rating and a $30.00 price target for the company. Evercore ISI started coverage on Ingram Micro in a report on Monday, November 18th. They issued an “inline” rating and a $27.00 price objective on the stock. Finally, Northcoast Research began coverage on Ingram Micro in a research report on Friday, November 8th. They set a “neutral” rating on the stock. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Ingram Micro has an average rating of “Moderate Buy” and an average target price of $27.86.

Ingram Micro Trading Down 0.8 %

NYSE INGM opened at $20.89 on Monday. Ingram Micro has a one year low of $20.61 and a one year high of $25.69. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.40 and a quick ratio of 0.96.

Ingram Micro (NYSE:INGM) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.72 EPS for the quarter. The company had revenue of $11.76 billion for the quarter. Equities analysts expect that Ingram Micro will post 2.79 earnings per share for the current fiscal year.

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.