Analyst Rating Update on Ingram Micro (IM)

Ingram Micro (NYSE:IM) has an average broker rating of 2.8, which is interpreted as a Hold, as rated by 5 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell. 1 considers that the stock is a Sell.

Ingram Micro (NYSE:IM) : The highest short term price target forecast on Ingram Micro (NYSE:IM) is $36 and the lowest target price is $35. A total of 2 equity analysts are currently covering the company. The average price of all the analysts is $35.5 with a standard deviation of $0.71.

Company shares have received an average consensus rating of Hold for the current week

Ingram Micro (NYSE:IM): On Tuesdays trading session , Opening price of the stock was $34.55 with an intraday high of $34.55. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $34.29. However, the stock managed to close at $34.35, a loss of 0.03% for the day. On the previous day, the stock had closed at $34.36. The total traded volume of the day was 1,510,588 shares.

In an insider trading activity, Gupta Shailendra, officer (EVP & Pres., Mobility) of Ingram Micro Inc, unloaded 34,513 shares at an average price of $35.77 on February 18, 2016. The total amount of the transaction was worth $1,234,530, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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