Ingram Micro Receives Consensus Rating of “Buy” from Analysts (NYSE:IM)
Shares of Ingram Micro (NYSE:IM) have received an average rating of “Buy” from the nine ratings firms that are covering the stock, Analyst Ratings Network.com reports. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $34.13.
Several analysts have recently commented on the stock. Analysts at Raymond James reiterated a “strong-buy” rating on shares of Ingram Micro in a research note on Thursday, June 26th. They now have a $34.00 price target on the stock, up previously from $33.00. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Ingram Micro in a research note on Thursday, June 26th. They now have a $33.00 price target on the stock, up previously from $31.00. Finally, analysts at Cross Research upgraded shares of Ingram Micro from a “hold” rating to a “buy” rating in a research note on Thursday, June 26th.
Shares of Ingram Micro (NYSE:IM) traded down 0.61% on Tuesday, hitting $29.42. 62,505 shares of the company’s stock traded hands. Ingram Micro has a 52-week low of $19.66 and a 52-week high of $30.96. The stock’s 50-day moving average is $28.11 and its 200-day moving average is $27.32. The company has a market cap of $4.566 billion and a P/E ratio of 16.24.
Ingram Micro (NYSE:IM) last announced its earnings results on Wednesday, April 23rd. The company reported $0.43 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.48 by $0.05. The company had revenue of $10.38 billion for the quarter, compared to the consensus estimate of $10.42 billion. During the same quarter last year, the company posted $0.41 earnings per share. Ingram Micro’s revenue was up 1.2% compared to the same quarter last year. On average, analysts predict that Ingram Micro will post $2.52 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.
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