Ingram Micro (IM) : The consensus on Ingram Micro (IM) based on 5 analyst recommendation on the company stock is 2.8, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Ingram Micro (IM).
Ingram Micro (IM) : The consensus price target for Ingram Micro (IM) is $35.5 for the short term with a standard deviation of $0.71. The most optimist securities analyst among the 2 who monitor the stock believes that the stock can reach $36, however, the pessimist price target for the company is $35.
Company shares have received an average consensus rating of Hold for the current week Ingram Micro (NYSE:IM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.70 and $34.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.51, notching a gain of 0.20% for the day. The total traded volume was 583,963 . The stock had closed at $34.44 on the previous day.
In a related news,The officer (EVP & Pres., Mobility) of Ingram Micro Inc, Gupta Shailendra sold 34,513 shares at $35.77 on February 18, 2016. The Insider selling transaction had a total value worth of $1,234,530. The Insider information was disclosed 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.