Melius Initiates Coverage on Ingram Micro (NYSE:INGM)

Equities research analysts at Melius assumed coverage on shares of Ingram Micro (NYSE:INGM) in a research report issued on Tuesday,Briefing.com Automated Import reports. The brokerage set a “hold” rating and a $26.00 price target on the stock. Melius’ target price suggests a potential upside of 17.33% from the company’s previous close.

A number of other equities analysts have also recently issued reports on INGM. Raymond James began coverage on shares of Ingram Micro in a research report on Monday, November 18th. They set an “outperform” rating and a $28.00 price objective on the stock. Stifel Nicolaus started coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued a “buy” rating and a $28.00 target price on the stock. JPMorgan Chase & Co. began coverage on shares of Ingram Micro in a report on Wednesday, November 20th. They issued a “neutral” rating and a $28.00 target price on the stock. William Blair began coverage on shares of Ingram Micro in a research note on Monday, November 18th. They issued an “outperform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Ingram Micro in a research note on Monday, November 18th. They issued a “buy” rating and a $26.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $27.79.

Ingram Micro Stock Up 0.7 %

NYSE INGM opened at $22.16 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. Ingram Micro has a 1 year low of $21.14 and a 1 year high of $25.69.

Ingram Micro (NYSE:INGM) last issued its earnings results on Tuesday, November 12th. The company reported $0.72 earnings per share for the quarter. The company had revenue of $11.76 billion during the quarter. As a group, equities research analysts expect that Ingram Micro will post 2.79 earnings per share for the current year.

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.