The Goldman Sachs Group Initiates Coverage on Ingram Micro (NYSE:INGM)

Equities researchers at The Goldman Sachs Group initiated coverage on shares of Ingram Micro (NYSE:INGM) in a research note issued to investors on Monday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $33.00 price target on the stock. The Goldman Sachs Group’s price target points to a potential upside of 44.10% from the company’s previous close.

INGM has been the topic of a number of other research reports. Jefferies Financial Group initiated coverage on Ingram Micro in a report on Monday. They set a “buy” rating and a $28.00 price target on the stock. Raymond James started coverage on Ingram Micro in a research note on Monday. They set an “outperform” rating and a $28.00 target price on the stock. Stifel Nicolaus assumed coverage on shares of Ingram Micro in a research report on Monday. They issued a “buy” rating and a $28.00 price target for the company. Northcoast Research assumed coverage on shares of Ingram Micro in a report on Friday, November 8th. They set a “neutral” rating for the company. Finally, Evercore ISI started coverage on shares of Ingram Micro in a research report on Monday. They issued an “inline” rating and a $27.00 target price for the company. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.92.

Ingram Micro Trading Up 0.7 %

NYSE INGM opened at $22.90 on Monday. Ingram Micro has a 1 year low of $22.25 and a 1 year high of $25.69.

Ingram Micro (NYSE:INGM) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.72 earnings per share (EPS) for the quarter. The firm had revenue of $11.76 billion for the quarter.

About Ingram Micro

Ingram Micro is a leading solutions provider by revenue for the global information technology (“IT”) ecosystem helping power the world’s leading technology brands. With our vast infrastructure and focus on client and endpoint solutions (formerly referred to as commercial & consumer, as described elsewhere in this prospectus), advanced solutions offerings and cloud-based solutions, we enable our business partners to scale and operate more efficiently in the markets they serve.