Ingram Micro (NYSE:INGM) Price Target Raised to $25.00

Ingram Micro (NYSE:INGM) had its price target increased by Morgan Stanley from $24.00 to $25.00 in a report published on Monday,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other research analysts also recently issued reports on INGM. Raymond James initiated coverage on shares of Ingram Micro in a research report on Monday, November 18th. They issued an “outperform” rating and a $28.00 price target on the stock. Northcoast Research started coverage on Ingram Micro in a report on Friday, November 8th. They set a “neutral” rating for the company. Redburn Atlantic initiated coverage on Ingram Micro in a research report on Monday, November 18th. They set a “buy” rating and a $30.00 target price on the stock. Deutsche Bank Aktiengesellschaft began coverage on Ingram Micro in a research note on Monday, November 18th. They issued a “buy” rating and a $26.00 price target on the stock. Finally, Jefferies Financial Group began coverage on shares of Ingram Micro in a research report on Monday, November 18th. They set a “buy” rating and a $28.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.86.

Ingram Micro Stock Performance

Ingram Micro stock opened at $19.74 on Monday. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. Ingram Micro has a 1 year low of $19.19 and a 1 year high of $25.69.

Ingram Micro (NYSE:INGM) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.72 EPS for the quarter. The company had revenue of $11.76 billion during the quarter. As a group, equities analysts anticipate 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.