Ingram Micro Holding Corp.’s (NYSE:INGM) Quiet Period Set To End Tomorrow

Ingram Micro’s (NYSE:INGM) quiet period will expire on Tuesday, December 3rd. Ingram Micro had issued 18,600,000 shares in its initial public offering on October 24th. The total size of the offering was $409,200,000 based on an initial share price of $22.00. During the company’s quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Ratings Changes

A number of analysts recently commented on 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 for the company. Morgan Stanley assumed coverage on shares of Ingram Micro in a research note on Monday, November 18th. They set an “equal weight” rating and a $24.00 price objective on the stock. Loop Capital assumed coverage on shares of Ingram Micro in a research note on Monday, November 18th. They issued a “buy” rating and a $30.00 target price for the company. Jefferies Financial Group initiated coverage on Ingram Micro in a research note on Monday, November 18th. They set a “buy” rating and a $28.00 price target on the stock. Finally, BNP Paribas initiated coverage on Ingram Micro in a research report on Monday, November 18th. They issued a “neutral” rating and a $25.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Ingram Micro has an average rating of “Moderate Buy” and a consensus price target of $27.79.

Ingram Micro Stock Up 5.7 %

Shares of NYSE:INGM opened at $23.82 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 12 month low of $21.14 and a 12 month high of $25.69.

Ingram Micro (NYSE:INGM) last posted its 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. As a group, research analysts predict that Ingram Micro will post 2.79 earnings per share for the current fiscal 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.