Ingram Micro Holding Corp.’s (NYSE:INGM) Quiet Period To End on December 3rd

Ingram Micro’s (NYSE:INGM) quiet period will end on Tuesday, December 3rd. Ingram Micro had issued 18,600,000 shares in its IPO on October 24th. The total size of the offering was $409,200,000 based on an initial share price of $22.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Ratings Changes

Several equities research analysts have recently commented on INGM shares. Morgan Stanley assumed coverage on Ingram Micro in a research note on Monday, November 18th. They issued an “equal weight” rating and a $24.00 price objective for the company. Melius started coverage on Ingram Micro in a research report on Tuesday. They issued a “hold” rating and a $26.00 price target 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 target price for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of Ingram Micro in a research note on Monday, November 18th. They set a “buy” rating and a $26.00 target price on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of Ingram Micro in a research note on Wednesday, November 20th. They set a “neutral” rating and a $28.00 target price on the stock. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.79.

Ingram Micro Price Performance

Ingram Micro stock opened at $22.54 on Thursday. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. Ingram Micro has a 12-month low of $21.14 and a 12-month high of $25.69.

Ingram Micro (NYSE:INGM) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.72 earnings per share for the quarter. The company had revenue of $11.76 billion for the quarter. As a group, equities research analysts anticipate that Ingram Micro will post 2.79 earnings per share for the current 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.