Ingram Micro Holding Corporation (NYSE:INGM) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Ingram Micro Holding Corporation has received an average rating of "Moderate Buy" from analysts, with nine firms rating it as a hold and ten as a buy.
• The company's recent earnings report showed an EPS of $0.61, exceeding expectations, and it also announced an increased quarterly dividend yielding 1.4%.
• Ingram Micro's shares opened at $21.88, showing a 3.7% increase, with a market capitalization of $5.14 billion and recent price revisions by various analysts.

Shares of Ingram Micro Holding Corporation (NYSE:INGM - Get Free Report) have been given an average recommendation of "Moderate Buy" by the nineteen brokerages that are covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $25.7857.

A number of equities research analysts recently commented on the stock. Weiss Ratings restated a "hold (c-)" rating on shares of Ingram Micro in a research report on Wednesday. Zacks Research upgraded shares of Ingram Micro from a "strong sell" rating to a "hold" rating in a research report on Friday, August 22nd. Morgan Stanley downgraded shares of Ingram Micro from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $23.00 to $22.00 in a report on Wednesday, June 11th. Raymond James Financial reduced their price target on shares of Ingram Micro from $26.00 to $24.00 and set an "outperform" rating for the company in a research report on Thursday, August 7th. Finally, Wall Street Zen upgraded Ingram Micro from a "hold" rating to a "buy" rating in a report on Friday, September 5th.

Ingram Micro Trading Up 3.7%

Shares of INGM stock opened at $21.88 on Thursday. The company has a market capitalization of $5.14 billion and a P/E ratio of 18.86. The company has a current ratio of 1.39, a quick ratio of 0.93 and a debt-to-equity ratio of 0.75. The business's 50 day moving average is $20.21 and its two-hundred day moving average is $19.48. Ingram Micro has a twelve month low of $14.25 and a twelve month high of $25.69.

Ingram Micro (NYSE:INGM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. The firm had revenue of $12.79 billion during the quarter, compared to the consensus estimate of $11.99 billion. Ingram Micro had a return on equity of 17.33% and a net margin of 0.53%. Equities analysts forecast that Ingram Micro will post 2.71 EPS for the current year.

Ingram Micro Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were issued a $0.078 dividend. This represents a $0.31 annualized dividend and a yield of 1.4%. This is a positive change from Ingram Micro's previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, August 19th. Ingram Micro's dividend payout ratio is currently 26.72%.

Institutional Investors Weigh In On Ingram Micro

Institutional investors and hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System acquired a new stake in Ingram Micro in the 4th quarter valued at about $26,000. CWM LLC purchased a new stake in shares of Ingram Micro in the first quarter valued at about $26,000. Covestor Ltd purchased a new position in shares of Ingram Micro during the 1st quarter worth approximately $88,000. Public Employees Retirement System of Ohio raised its position in shares of Ingram Micro by 16.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,369 shares of the company's stock worth $133,000 after purchasing an additional 917 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in Ingram Micro by 563.3% in the 2nd quarter. Parallel Advisors LLC now owns 7,422 shares of the company's stock valued at $155,000 after buying an additional 6,303 shares in the last quarter.

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.

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