Ingram Micro (IM) : Analyst Rating Update

Ingram Micro (IM) : 5 analysts are covering Ingram Micro (IM) and their average rating on the stock is 2.8, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Ingram Micro (IM) : Currently there are 2 street experts covering Ingram Micro (IM) stock. The most bullish and bearish price target for the stock is $36 and $35 respectively for the short term. The average price target of all the analysts comes to $35.5. The estimated standard deviation from the target is $0.71.

Ingram Micro (NYSE:IM): The stock opened at $34.85 on Wednesday but the bulls could not build on the opening and the stock topped out at $35.11 for the day. The stock traded down to $34.69 during the day, due to lack of any buying support eventually closed down at $34.88 with a loss of -0.63% for the day. The stock had closed at $35.10 on the previous day. The total traded volume was 1,817,332 shares.

The company shares have rallied 43.73% from its 1 Year high price. On Mar 7, 2016, the shares registered one year high at $36.66 and the one year low was seen on Jul 27, 2015. The 50-Day Moving Average price is $34.71 and the 200 Day Moving Average price is recorded at $33.33.

Ingram Micro Inc. (Ingram Micro) 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 industrys 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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