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

Melius Research upgraded shares of Ingram Micro (NYSE:INGM) to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Other analysts also recently issued research reports about the stock. BNP Paribas began coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued a “neutral” rating and a $25.00 price objective for the company. Bank of America started coverage on Ingram Micro in a research report on Monday, November 18th. They set a “buy” rating and a $30.00 price objective on the stock. Melius started coverage on Ingram Micro in a report on Tuesday. They issued a “hold” rating and a $26.00 target price for the company. Royal Bank of Canada began coverage on Ingram Micro in a report on Monday, November 18th. They set an “outperform” rating and a $26.00 price target on the stock. Finally, William Blair assumed coverage on shares of Ingram Micro in a research note on Monday, November 18th. They set an “outperform” rating on the stock. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $27.79.

Ingram Micro Trading Down 1.6 %

Ingram Micro stock opened at $21.80 on Tuesday. 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 has a 1 year low of $21.14 and a 1 year high of $25.69.

Ingram Micro (NYSE:INGM) last issued its quarterly 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, research analysts forecast that Ingram Micro will post 2.79 EPS 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.