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Ingram Micro (NYSE:IM) was upgraded by equities research analysts at McLean Capital Management from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday, Analyst Ratings Network reports.

A number of other firms have also recently commented on IM. Analysts at Zacks reiterated an “outperform” rating on shares of Ingram Micro in a research note on Monday. They now have a $34.00 price target on the stock. Separately, analysts at Needham & Company raised their price target on shares of Ingram Micro from $26.00 to $32.00 in a research note on Friday, February 14th. They now have a “buy” rating on the stock. Finally, analysts at Brean Capital upgraded shares of Ingram Micro from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. They now have a $31.00 price target on the stock. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Ingram Micro currently has an average rating of “Buy” and a consensus price target of $30.40.

Shares of Ingram Micro (NYSE:IM) traded up 1.05% on Friday, hitting $28.84. 1,165,625 shares of the company’s stock traded hands. Ingram Micro has a one year low of $16.96 and a one year high of $30.00. The stock has a 50-day moving average of $25.10 and a 200-day moving average of $23.6. The company has a market cap of $4.561 billion and a P/E ratio of 14.36.

Ingram Micro (NYSE:IM) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.88 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.73 earnings per share. Ingram Micro’s revenue was up 4.0% compared to the same quarter last year. Analysts expect that Ingram Micro will post $2.61 EPS for the current fiscal year.

In other Ingram Micro news, EVP Larry Boyd sold 33,430 shares of Ingram Micro stock on the open market in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $28.08, for a total value of $938,714.40. Following the completion of the sale, the executive vice president now directly owns 68,135 shares of the company’s stock, valued at approximately $1,913,231. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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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