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 report published on Tuesday morning,Zacks.com reports.

A number of other equities research analysts also recently weighed in on INGM. Loop Capital assumed coverage on Ingram Micro in a report on Monday, November 18th. They set a “buy” rating and a $30.00 target price for the company. Redburn Atlantic assumed coverage on Ingram Micro in a report on Monday, November 18th. They set a “buy” rating and a $30.00 target price for the company. Melius assumed coverage on Ingram Micro in a report on Tuesday. They set a “hold” rating and a $26.00 target price for the company. JPMorgan Chase & Co. assumed coverage on Ingram Micro in a report on Wednesday, November 20th. They set a “neutral” rating and a $28.00 target price for the company. Finally, Jefferies Financial Group assumed coverage on Ingram Micro in a report on Monday, November 18th. They set a “buy” rating and a $28.00 target price for the company. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.79.

Ingram Micro Stock Performance

Shares of Ingram Micro stock opened at $23.77 on Tuesday. Ingram Micro has a 1 year low of $21.14 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.

Ingram Micro (NYSE:INGM) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.72 earnings per share (EPS) for the quarter. The business had revenue of $11.76 billion for the quarter. Analysts anticipate 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.