Ingram Micro Holding Corp. (NYSE:INGM) Receives $27.92 Consensus Target Price from Brokerages

Shares of Ingram Micro Holding Corp. (NYSE:INGM) have earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $27.92.

Several research analysts recently commented on INGM shares. Loop Capital assumed coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued a “buy” rating and a $30.00 price target on the stock. The Goldman Sachs Group started coverage on shares of Ingram Micro in a research note on Monday, November 18th. They issued a “buy” rating and a $33.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on Ingram Micro in a report on Wednesday, November 20th. They issued a “neutral” rating and a $28.00 price target for the company. Stifel Nicolaus assumed coverage on Ingram Micro in a research note on Monday, November 18th. They set a “buy” rating and a $28.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Ingram Micro in a report on Monday, November 18th. They set a “buy” rating and a $26.00 target price on the stock.

Ingram Micro Stock Up 2.5 %

Shares of INGM stock opened at $22.00 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.96 and a current ratio of 1.40. Ingram Micro has a one year low of $21.14 and a one year high of $25.69.

Ingram Micro (NYSE:INGM) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.72 earnings per share (EPS) for the quarter. The firm had revenue of $11.76 billion for the quarter. On average, research analysts predict that Ingram Micro will post 2.79 EPS 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.