Ingram Micro (NYSE:INGM) Rating Increased to Hold at Melius Research

Melius Research upgraded shares of Ingram Micro (NYSE:INGM) to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

Several other equities analysts also recently commented on INGM. Stifel Nicolaus assumed coverage on Ingram Micro in a research report on Monday, November 18th. They issued a “buy” rating and a $28.00 target price on the stock. Raymond James started coverage on Ingram Micro in a research report on Monday, November 18th. They set an “outperform” rating and a $28.00 price objective on the stock. William Blair initiated coverage on shares of Ingram Micro in a research report on Monday, November 18th. They issued an “outperform” rating for the company. Redburn Atlantic began coverage on shares of Ingram Micro in a research report on Monday, November 18th. They set a “buy” rating and a $30.00 price target on the stock. Finally, The Goldman Sachs Group assumed coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued a “buy” rating and a $33.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Ingram Micro presently has an average rating of “Moderate Buy” and a consensus target price of $27.79.

Ingram Micro Price Performance

Shares of NYSE INGM opened at $22.53 on Tuesday. Ingram Micro has a 12 month low of $21.14 and a 12 month 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.

Ingram Micro (NYSE:INGM) last posted 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 for the quarter. Research analysts predict that Ingram Micro will post 2.79 earnings per share 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.