Ingram Micro Holding Corp.’s Quiet Period Will End Tomorrow (NYSE:INGM)

Ingram Micro’s (NYSE:INGM) quiet period will expire on Tuesday, December 3rd. Ingram Micro had issued 18,600,000 shares in its public offering 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 earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on INGM shares. JPMorgan Chase & Co. assumed coverage on Ingram Micro in a research report on Wednesday, November 20th. They issued a “neutral” rating and a $28.00 price target on the stock. William Blair initiated coverage on Ingram Micro in a research note on Monday, November 18th. They set an “outperform” rating for the company. The Goldman Sachs Group began coverage on shares of Ingram Micro in a research report on Monday, November 18th. They issued a “buy” rating and a $33.00 price objective on the stock. Royal Bank of Canada started coverage on shares of Ingram Micro in a research note on Monday, November 18th. They issued an “outperform” rating and a $26.00 price objective on the stock. Finally, Redburn Atlantic initiated coverage on shares of Ingram Micro in a research note on Monday, November 18th. They issued a “buy” rating and a $30.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Ingram Micro has a consensus rating of “Moderate Buy” and a consensus target price of $27.79.

Ingram Micro Stock Performance

INGM stock opened at $23.82 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 12-month low of $21.14 and a 12-month high of $25.69.

Ingram Micro (NYSE:INGM) last posted its earnings results on Tuesday, November 12th. The company reported $0.72 EPS for the quarter. The firm had revenue of $11.76 billion for the quarter. On average, analysts anticipate 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.