Ingram Micro Inc. Shs -A- Hits New 52-Week High at $23.78 (IM)
Shares of Ingram Micro Inc. Shs -A- (NYSE:IM) hit a new 52-week high on Tuesday, AR Network reports. The company traded as high as $23.78 and last traded at $23.52, with a volume of 995,938 shares trading hands. The stock had previously closed at $23.05.
A number of research firms have recently commented on IM. Analysts at Zacks upgraded shares of Ingram Micro Inc. Shs -A- (NYSE:IM) from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, August 19th. They now have a $28.00 price target on the stock. Separately, analysts at Needham & Company raised their price target on shares of Ingram Micro Inc. Shs -A- (NYSE:IM) from $22.00 to $24.00 in a research note to investors on Thursday, July 25th. They now have a “buy” rating on the stock. Finally, analysts at Raymond James upgraded shares of Ingram Micro Inc. Shs -A- (NYSE:IM) from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, July 25th. They now have a $26.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $22.80.
Ingram Micro Inc. Shs -A- has a 52-week low of $14.77 and a 52-week high of $23.63. The stock’s 50-day moving average is $22.75 and its 200-day moving average is $20.22. The company has a market cap of $3.611 billion and a price-to-earnings ratio of 12.96.
Ingram Micro Inc. Shs -A- (NYSE:IM) last released its earnings data on Wednesday, July 24th. The company reported $0.55 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.09. The company had revenue of $10.31 billion for the quarter, compared to the consensus estimate of $10.44 billion. During the same quarter last year, the company posted $0.39 earnings per share. Ingram Micro Inc. Shs -A-’s revenue was up 17.4% compared to the same quarter last year. Analysts expect that Ingram Micro Inc. Shs -A- will post $2.27 EPS for the current fiscal year.
Ingram Micro Inc (NYSE:IM) is a global information technology (IT) supply-chain management, mobile device lifecycle services and logistics solutions.
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