Ingram Micro Inc. (NYSE:IM) Receives Average Recommendation of …
Ingram Micro Inc. (NYSE:IM) has been assigned a consensus rating of Buy from the seven ratings firms that are presently covering the firm, Analyst Ratings.Net reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $32.17.
In other news, EVP Shailendra Gupta sold 20,000 shares of the company s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $30.48, for a total value of $609,600.00. Following the completion of the transaction, the executive vice president now owns 106,988 shares of the company s stock, valued at $3,260,994.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO William David Humes sold 34,005 shares of the company s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $30.75, for a total value of $1,045,653.75. Following the completion of the transaction, the chief financial officer now directly owns 137,556 shares of the company s stock, valued at approximately $4,229,847. The disclosure for this sale can be found here. Other large investors have recently bought and sold shares of the company. Park National purchased a new stake in Ingram Micro during the fourth quarter worth approximately $213,000. Livforsakringsbolaget Skandia Omsesidigt increased its stake in Ingram Micro by 225.9% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 100,700 shares of the company s stock worth $3,059,000 after buying an additional 69,800 shares in the last quarter. Oakbrook Investments LLC increased its stake in Ingram Micro by 1.3% in the fourth quarter. Oakbrook Investments LLC now owns 15,500 shares of the company s stock worth $471,000 after buying an additional 200 shares in the last quarter. Baker Ellis Asset Management increased its stake in Ingram Micro by 2.6% in the fourth quarter. Baker Ellis Asset Management now owns 12,050 shares of the company s stock worth $366,000 after buying an additional 300 shares in the last quarter. Finally, Meeder Asset Management increased its stake in Ingram Micro by 2.5% in the fourth quarter. Meeder Asset Management now owns 148,204 shares of the company s stock worth $4,502,000 after buying an additional 3,643 shares in the last quarter. Shares of Ingram Micro (NYSE:IM) traded up 0.90% on Friday, reaching $27.93. 923,123 shares of the company s stock traded hands. The stock has a market cap of $4.18 billion and a price-to-earnings ratio of 23.01. The firm s 50-day moving average is $29.30 and its 200-day moving average is $28.25. Ingram Micro has a 52-week low of $22.54 and a 52-week high of $32.09.
Ingram Micro (NYSE:IM) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks consensus estimate of $0.63 by $0.04. During the same quarter in the previous year, the firm posted $0.62 EPS. The company had revenue of $10.52 billion for the quarter, compared to analysts expectations of $10.73 billion. The firm s quarterly revenue was down 6.4% compared to the same quarter last year. Analysts anticipate that Ingram Micro will post $2.68 EPS for the current fiscal year. IM has been the subject of several recent analyst reports. Zacks Investment Research cut Ingram Micro from a hold rating to a sell rating in a research note on Thursday, October 15th. Raymond James boosted their price target on Ingram Micro from $32.00 to $34.00 and gave the stock a strong-buy rating in a research note on Monday, October 26th. Needham & Company LLC boosted their price target on Ingram Micro from $30.00 to $35.00 and gave the stock a buy rating in a research note on Thursday, October 15th. Finally, Brean Capital reaffirmed a buy rating and issued a $36.00 price objective on shares of Ingram Micro in a report on Thursday, October 29th. Ingram Micro Inc. (NYSE:IM) is an information technology (IT) supply chain management, mobile device lifecycle services and logistics solutions company. The Company distributes and markets technology products all over the world from the industry s computer hardware suppliers, mobility hardware suppliers, networking equipment suppliers, software publishers, and other suppliers of computer peripherals, consumer electronics (CE), unified communication and collaboration, automatic identification and data capture (AIDC)/point-of-sale (POS), and physical security products. The Company has operations in 38 countries, spanning all global regions: North America, Europe, Asia-Pacific and Latin America. The Company also operates support centers in Argentina, Bulgaria, Costa Rica, India, Philippines and Puerto Rico.
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