Ingram Micro Holding Corp. (NYSE:INGM) Receives $28.14 Consensus Target Price from Analysts

Shares of Ingram Micro Holding Corp. (NYSE:INGM) have been assigned an average rating of “Moderate Buy” from the sixteen brokerages that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $28.14.

Several brokerages recently weighed in on INGM. Evercore ISI began coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued an “inline” rating and a $27.00 price objective on the stock. Melius assumed coverage on shares of Ingram Micro in a report on Tuesday, November 26th. They issued a “hold” rating and a $26.00 target price on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued a “buy” rating and a $26.00 target price on the stock. Morgan Stanley upgraded shares of Ingram Micro from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $25.00 to $27.00 in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Ingram Micro in a report on Wednesday, November 20th. They issued a “neutral” rating and a $28.00 target price on the stock.

Ingram Micro Stock Performance

Shares of NYSE INGM opened at $21.54 on Wednesday. The firm has a 50 day simple moving average of $21.97. Ingram Micro has a fifty-two week low of $18.90 and a fifty-two week high of $25.69. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93.

Institutional Investors Weigh In On Ingram Micro

Several large investors have recently made changes to their positions in INGM. Wells Fargo & Company MN bought a new stake in shares of Ingram Micro during the fourth quarter worth $45,000. Cohen & Steers Inc. bought a new position in Ingram Micro in the fourth quarter valued at $48,000. Tower Research Capital LLC TRC bought a new position in Ingram Micro in the fourth quarter valued at $52,000. Cubist Systematic Strategies LLC bought a new position in Ingram Micro in the fourth quarter valued at $80,000. Finally, Public Employees Retirement System of Ohio bought a new position in Ingram Micro in the fourth quarter valued at $118,000.

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.