Insider Selling: Larry C. Boyd Sells 2,869 Shares of Ingram Micro Stock (IM)
Ingram Micro (NYSE:IM) EVP Larry C. Boyd sold 2,869 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $27.82, for a total transaction of $79,815.58. Following the sale, the executive vice president now directly owns 66,596 shares in the company, valued at approximately $1,852,701. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Ingram Micro in a research note on Monday, July 28th. They now have a $31.00 price target on the stock. Separately, analysts at Raymond James reiterated a “strong-buy” rating on shares of Ingram Micro in a research note on Friday, July 25th. They now have a $36.00 price target on the stock, up previously from $34.00. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Ingram Micro in a research note on Friday, July 25th. They now have a $35.00 price target on the stock, up previously from $32.00. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $35.78.
Ingram Micro (NYSE:IM) remained flat at $27.85 during during mid-day trading trading on Tuesday. The stock had a trading volume of 522,273 shares. Ingram Micro has a one year low of $21.73 and a one year high of $30.96. The stock has a 50-day moving average of $29.03 and a 200-day moving average of $28.09. The company has a market cap of $4.334 billion and a price-to-earnings ratio of 16.55.
Ingram Micro (NYSE:IM) last released its earnings data on Thursday, July 24th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. The company had revenue of $10.91 billion for the quarter, compared to the consensus estimate of $10.58 billion. During the same quarter in the previous year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. Analysts expect that Ingram Micro will post $2.56 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.
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.