Ingram Micro Holding Corporation (NYSE:INGM) Receives Consensus Rating of “Hold” from Analysts

Shares of Ingram Micro Holding Corporation (NYSE:INGM) have been assigned an average recommendation of “Hold” from the eleven brokerages that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $24.4444.

A number of research firms have recently commented on INGM. The Goldman Sachs Group downgraded shares of Ingram Micro from a “strong-buy” rating to a “neutral” rating and set a $24.00 price objective for the company. in a research note on Tuesday, January 13th. Wall Street Zen raised shares of Ingram Micro from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research downgraded shares of Ingram Micro from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $24.00 price target on shares of Ingram Micro in a report on Monday, December 22nd. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $24.00 price objective on shares of Ingram Micro in a report on Monday, December 15th.

Hedge Funds Weigh In On Ingram Micro

A number of large investors have recently modified their holdings of INGM. CWM LLC lifted its stake in shares of Ingram Micro by 20.5% in the 4th quarter. CWM LLC now owns 4,144 shares of the company’s stock valued at $88,000 after purchasing an additional 705 shares in the last quarter. Covestor Ltd raised its holdings in Ingram Micro by 15.4% in the fourth quarter. Covestor Ltd now owns 5,669 shares of the company’s stock valued at $121,000 after buying an additional 756 shares during the period. Rhumbline Advisers lifted its position in Ingram Micro by 6.3% during the second quarter. Rhumbline Advisers now owns 13,646 shares of the company’s stock valued at $284,000 after buying an additional 803 shares in the last quarter. Quantbot Technologies LP grew its stake in Ingram Micro by 8.2% during the third quarter. Quantbot Technologies LP now owns 11,416 shares of the company’s stock worth $245,000 after buying an additional 868 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of Ingram Micro by 54.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,335 shares of the company’s stock worth $178,000 after acquiring an additional 2,935 shares in the last quarter.

Ingram Micro Stock Performance

Ingram Micro stock opened at $21.66 on Wednesday. The stock has a fifty day moving average price of $21.61 and a 200 day moving average price of $21.05. Ingram Micro has a 52 week low of $14.25 and a 52 week high of $24.17. The firm has a market capitalization of $5.09 billion, a P/E ratio of 17.61, a PEG ratio of 0.77 and a beta of 2.32. The company has a current ratio of 1.41, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75.

About Ingram Micro

Ingram Micro, headquartered in Irvine, California, is a global technology distributor and supply chain services provider. Listed on the New York Stock Exchange under the ticker INGM, the company connects leading technology manufacturers, cloud providers and channel partners through an integrated portfolio of products and services. Ingram Micro’s end-to-end solutions span product distribution, cloud enablement, e-commerce, logistics and lifecycle management, enabling customers of all sizes to bring new technology to market efficiently.

The company’s offerings are organized across several core areas.