Ingram Micro (IM) Receives Analyst Rating

Ingram Micro (IM) : Zacks Investment Research ranks Ingram Micro (IM) as 2, which is a Buy recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 2.8, which indicates as a Hold.

Ingram Micro (IM) stock is expected to deviate a maximum of $0.71 from the average target price of $35.5 for the short term period. 2 Street Experts have initiated coverage on the stock with the most promising target being $36 and the most muted being $35.


Ingram Micro (NYSE:IM): The stock was completely flat for the day, closing at $34.79 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $34.83, the stock touched an intraday high of $34.89 and a low of $34.75. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $34.79. The total trading volume on Thursday was 493,965.

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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