Ingram Micro Holding Corp. (NYSE:INGM) Given Consensus Recommendation of “Moderate Buy” by Analysts

Ingram Micro Holding Corp. (NYSE:INGM) has been assigned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $27.86.

A number of analysts recently commented on the company. Bank of America began coverage on Ingram Micro in a research report on Monday, November 18th. They issued a “buy” rating and a $30.00 target price for the company. Loop Capital initiated coverage on Ingram Micro in a research note on Monday, November 18th. They set a “buy” rating and a $30.00 price target for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Ingram Micro in a research note on Monday, November 18th. They issued a “buy” rating and a $26.00 price objective for the company. Northcoast Research initiated coverage on Ingram Micro in a research report on Friday, November 8th. They set a “neutral” rating on the stock. Finally, Melius assumed coverage on Ingram Micro in a research report on Tuesday, November 26th. They issued a “hold” rating and a $26.00 price target for the company.

Ingram Micro Price Performance

Shares of NYSE:INGM opened at $19.80 on Tuesday. Ingram Micro has a 1 year low of $18.90 and a 1 year high of $25.69. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.96 and a current ratio of 1.40. The company has a 50-day simple moving average of $21.55.

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 for the quarter. Equities analysts anticipate that Ingram Micro will post 2.79 EPS 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.