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Equities research analysts at Needham & Company upped their price objective on shares of Ingram Micro Inc. Shs -A- (NYSE:IM) from $26.00 to $32.00 in a research note issued to investors on Friday, Stock Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Needham & Company’s price target points to a potential upside of 12.44% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Brean Capital upgraded shares of Ingram Micro Inc. Shs -A- from a “hold” rating to a “buy” rating in a research note on Monday. They now have a $31.00 price target on the stock. Analysts at Barclays upgraded shares of Ingram Micro Inc. Shs -A- from an “equal weight” rating to an “overweight” rating in a research note on Monday, January 6th. They now have a $29.00 price target on the stock, up previously from $23.00. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Ingram Micro Inc. Shs -A- currently has a consensus rating of “Buy” and an average target price of $29.20.

Ingram Micro Inc. Shs -A- (NYSE:IM) traded up 9.67% during mid-day trading on Friday, hitting $28.46. 5,336,975 shares of the company’s stock traded hands. Ingram Micro Inc. Shs -A- has a one year low of $16.96 and a one year high of $26.12. The stock’s 50-day moving average is $24.53 and its 200-day moving average is $23.49. The company has a market cap of $4.387 billion and a price-to-earnings ratio of 13.46.

Ingram Micro Inc. Shs -A- (NYSE:IM) last released its earnings data on Thursday, February 13th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.10. The company had revenue of $11.80 billion for the quarter, compared to the consensus estimate of $11.54 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Analysts expect that Ingram Micro Inc. Shs -A- will post $2.57 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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