Ingram Micro (NYSE:INGM) Research Coverage Started at Jefferies Financial Group

Jefferies Financial Group began coverage on shares of Ingram Micro (NYSE:INGM) in a research report sent to investors on Monday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $28.00 price target on the stock.

Several other research analysts have also commented on INGM. Bank of America began coverage on Ingram Micro in a research report on Monday. They issued a “buy” rating and a $30.00 price target for the company. Evercore ISI started coverage on Ingram Micro in a research report on Monday. They set an “inline” rating and a $27.00 target price on the stock. Northcoast Research assumed coverage on Ingram Micro in a research report on Friday, November 8th. They issued a “neutral” rating for the company. Royal Bank of Canada assumed coverage on shares of Ingram Micro in a research report on Monday. They set an “outperform” rating and a $26.00 price objective on the stock. Finally, BNP Paribas initiated coverage on shares of Ingram Micro in a research note on Monday. They set a “neutral” rating and a $25.00 price target for the company. Four 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 a consensus rating of “Moderate Buy” and a consensus target price of $27.92.

Ingram Micro Stock Down 3.8 %

Shares of INGM stock opened at $21.91 on Monday. Ingram Micro has a 12-month low of $21.84 and a 12-month high of $25.69. 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 (NYSE:INGM) last issued its quarterly earnings data 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.