Ingram Micro (IM) : 1 brokerage houses believe that Ingram Micro (IM) is a Strong Buy at current levels. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Ingram Micro (IM). Zacks Investment Research suggests a Buy with a rank of 2. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 5 Wall Street Analysts endorse the stock as a Hold with a rating of 2.8.
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.
Shares of Ingram Micro Inc. rose by 1.1% in the last five trading days and 2.71% for the last 4 weeks. Ingram Micro Inc. has dropped 0.29% during the last 3-month period . Year-to-Date the stock performance stands at 14.94%. Ingram Micro (NYSE:IM): On Tuesdays trading session , Opening price of the stock was $35.05 with an intraday high of $35.21. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $34.89. However, the stock managed to close at $34.92, a loss of 0.40% for the day. On the previous day, the stock had closed at $35.06. The total traded volume of the day was 806,147 shares.
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.