Morgan Stanley Upgrades Ingram Micro (NYSE:INGM) to Overweight

Morgan Stanley upgraded shares of Ingram Micro (NYSE:INGM) from an equal weight rating to an overweight rating in a research note published on Thursday, Marketbeat Ratings reports. They currently have $27.00 price target on the stock, up from their prior price target of $25.00.

A number of other equities analysts have also recently issued reports on the stock. Northcoast Research assumed coverage on shares of Ingram Micro in a research report on Friday, November 8th. They issued a “neutral” rating on the stock. The Goldman Sachs Group assumed coverage on shares of Ingram Micro in a research report on Monday, November 18th. They issued a “buy” rating and a $33.00 price objective on the stock. Raymond James assumed coverage on shares of Ingram Micro in a research report on Monday, November 18th. They issued an “outperform” rating and a $28.00 price objective on the stock. BNP Paribas assumed coverage on shares of Ingram Micro in a research report on Monday, November 18th. They issued a “neutral” rating and a $25.00 price objective on the stock. Finally, Redburn Atlantic assumed coverage on shares of Ingram Micro in a research report on Monday, November 18th. They issued a “buy” rating and a $30.00 price objective on the stock. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

Ingram Micro Trading Up 9.5 %

Shares of NYSE:INGM opened at $22.68 on Thursday. The stock has a fifty day simple moving average of $21.48. Ingram Micro has a 52 week low of $18.90 and a 52 week high of $25.69. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.96 and a current ratio of 1.40.

Ingram Micro (NYSE:INGM) last issued its earnings results on Tuesday, November 12th. The company reported $0.72 EPS for the quarter. The business had revenue of $11.76 billion during the quarter. As a group, sell-side analysts forecast that Ingram Micro will post 2.79 EPS for the current fiscal year.

About Ingram Micro

Ingram Micro is a leading solutions provider by revenue for the global information technology (“IT”) ecosystem helping power the world’s leading technology brands. With our vast infrastructure and focus on client and endpoint solutions (formerly referred to as commercial & consumer, as described elsewhere in this prospectus), advanced solutions offerings and cloud-based solutions, we enable our business partners to scale and operate more efficiently in the markets they serve.