Ingram Micro (NYSE:INGM) Now Covered by Bank of America

Bank of America initiated coverage on shares of Ingram Micro (NYSE:INGM) in a research report report published on Monday morning, Marketbeat.com reports. The firm issued a buy rating and a $30.00 price objective on the stock.

Several other brokerages also recently weighed in on INGM. Northcoast Research initiated coverage on shares of Ingram Micro in a research note on Friday, November 8th. They issued a “neutral” rating for the company. Raymond James began coverage on shares of Ingram Micro in a report on Monday. They issued an “outperform” rating and a $28.00 price objective on the stock. Finally, Evercore ISI initiated coverage on Ingram Micro in a research note on Monday. They set an “inline” rating and a $27.00 target price for the company. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Ingram Micro currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.92.

Ingram Micro Stock Performance

NYSE:INGM opened at $22.70 on Monday. Ingram Micro has a 12 month low of $22.01 and a 12 month high of $25.69.

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

Ingram Micro Company Profile

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.