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

Ingram Micro (NYSE:INGM) was upgraded by Melius Research to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other brokerages have also issued reports on INGM. Royal Bank of Canada assumed coverage on shares of Ingram Micro in a research report on Monday, November 18th. They set an “outperform” rating and a $26.00 price objective on the stock. Morgan Stanley started coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued an “equal weight” rating and a $24.00 price target on the stock. Bank of America assumed coverage on shares of Ingram Micro in a report on Monday, November 18th. They set a “buy” rating and a $30.00 price objective for the company. Stifel Nicolaus started coverage on Ingram Micro in a report on Monday, November 18th. They issued a “buy” rating and a $28.00 target price on the stock. Finally, Redburn Atlantic 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. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $27.79.

Ingram Micro Trading Down 1.6 %

INGM opened at $21.80 on Tuesday. Ingram Micro has a fifty-two week low of $21.14 and a fifty-two week high of $25.69. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.40 and a quick ratio of 0.96.

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