Ingram Micro (NYSE:INGM) Rating Increased to Strong-Buy at Wall Street Zen

Ingram Micro (NYSE:INGM - Get Free Report) was upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued on Saturday.

A number of other research firms have also recently issued reports on INGM. Jefferies Financial Group reduced their target price on shares of Ingram Micro from $28.00 to $24.00 and set a "buy" rating for the company in a research note on Tuesday, March 25th. Morgan Stanley cut shares of Ingram Micro from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $23.00 to $22.00 in a research note on Wednesday, June 11th. JPMorgan Chase & Co. lifted their target price on shares of Ingram Micro from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Finally, The Goldman Sachs Group reduced their target price on shares of Ingram Micro from $29.00 to $25.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $25.71.

Ingram Micro Stock Down 1.3%

INGM traded down $0.27 on Friday, reaching $20.55. 275,242 shares of the company traded hands, compared to its average volume of 414,275. The stock's 50 day moving average price is $20.05 and its 200-day moving average price is $19.96. Ingram Micro has a 52-week low of $14.25 and a 52-week high of $25.69. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.95 and a current ratio of 1.40.

Institutional Investors Weigh In On Ingram Micro

Institutional investors and hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System bought a new stake in Ingram Micro in the 4th quarter valued at $26,000. CWM LLC bought a new stake in shares of Ingram Micro in the 1st quarter worth about $26,000. Wells Fargo & Company MN bought a new stake in shares of Ingram Micro in the 4th quarter worth about $45,000. Cohen & Steers Inc. bought a new stake in shares of Ingram Micro in the 4th quarter worth about $48,000. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Ingram Micro in the 4th quarter worth about $52,000.

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.