Ingram Micro Inc. Shs -A- Hits New 52-Week High at $24.44 (IM)
Shares of Ingram Micro Inc. Shs -A- (NYSE:IM) hit a new 52-week high during trading hours on Thursday, Stock Ratings News reports. The company traded as high as $24.44 and last traded at $24.21, with a volume of 892,874 shares trading hands. The stock had previously closed at $24.09.
IM has been the subject of a number of recent research reports. Analysts at Barclays upgraded shares of Ingram Micro Inc. Shs -A- from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday. They now have a $29.00 price target on the stock, up previously from $23.00. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Ingram Micro Inc. Shs -A- in a research note to investors on Wednesday, October 30th. They now have a $28.00 price target on the stock. Finally, analysts at Needham & Company raised their price target on shares of Ingram Micro Inc. Shs -A- from $24.00 to $26.00 in a research note to investors on Friday, October 25th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Ingram Micro Inc. Shs -A- presently has a consensus rating of “Buy” and a consensus target price of $27.25.
Ingram Micro Inc. Shs -A- has a 52-week low of $16.96 and a 52-week high of $24.44. The stock’s 50-day moving average is $23.42 and its 200-day moving average is $22.64. The company has a market cap of $3.730 billion and a price-to-earnings ratio of 12.49.
Ingram Micro Inc. Shs -A- (NYSE:IM) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.53 EPS for the quarter, meeting the Thomson Reuters 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 last year, the company posted $0.40 earnings per share. Ingram Micro Inc. Shs -A-’s revenue was up 12.4% compared to the same quarter last year. On average, analysts predict that Ingram Micro Inc. Shs -A- will post $2.27 earnings per share 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.