Ingram Micro (NYSE:INGM) Hits New 52-Week Low – What’s Next?

Shares of Ingram Micro Holding Corp. (NYSE:INGM) hit a new 52-week low on Friday . The company traded as low as $19.11 and last traded at $19.45, with a volume of 168050 shares trading hands. The stock had previously closed at $20.39.

Analysts Set New Price Targets

A number of equities research analysts recently commented on INGM shares. Redburn Atlantic assumed coverage on Ingram Micro in a report on Monday, November 18th. They set a “buy” rating and a $30.00 target price for the company. BNP Paribas initiated coverage on shares of Ingram Micro in a research note on Monday, November 18th. They set a “neutral” rating and a $25.00 price objective for the company. Melius Research upgraded shares of Ingram Micro to a “hold” rating in a research note on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ingram Micro in a research report on Monday, November 18th. They set a “buy” rating and a $26.00 target price for the company. Finally, Jefferies Financial Group assumed coverage on Ingram Micro in a research report on Monday, November 18th. They set a “buy” rating and a $28.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $27.86.

Ingram Micro Price Performance

The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.93.

Ingram Micro (NYSE:INGM) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.72 earnings per share (EPS) for the quarter. The company had revenue of $11.76 billion during the quarter. Equities research analysts forecast that Ingram Micro Holding Corp. will post 2.79 earnings per share for the current year.

Ingram Micro Company Profile

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.