Ingram Micro Inc. Shs -A- Given New $23.00 Price Target at Barclays (IM)
Equities researchers at Barclays raised their price objective on shares of Ingram Micro Inc. Shs -A- (NYSE:IM) from $21.00 to $23.00 in a research report issued on Friday, AnalystRatingsNetwork.com reports. The firm currently has an “equal weight” rating on the stock. Barclays’ price target suggests a potential downside of 1.12% from the company’s current price.
Shares of Ingram Micro Inc. Shs -A- (NYSE:IM) opened at 23.26 on Friday. Ingram Micro Inc. Shs -A- has a 1-year low of $14.77 and a 1-year high of $23.63. The stock’s 50-day moving average is $22.78 and its 200-day moving average is $19.94. The company has a market cap of $3.553 billion and a P/E ratio of 13.16.
Ingram Micro Inc. Shs -A- (NYSE:IM) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. The company had revenue of $10.20 billion for the quarter, compared to the consensus estimate of $10.52 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, analysts predict that Ingram Micro Inc. Shs -A- will post $2.27 earnings per share for the current fiscal year.
Separately, analysts at Zacks upgraded shares of Ingram Micro Inc. Shs -A- 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.75.
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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