Ingram Micro (NYSE:INGM) Research Coverage Started at Bank of America

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

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

Ingram Micro Stock Down 3.8 %

NYSE:INGM opened at $21.91 on Monday. Ingram Micro has a 52 week low of $21.84 and a 52 week high of $25.69. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.40 and a quick ratio of 0.96.

Ingram Micro (NYSE:INGM) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.72 earnings per share (EPS) for the quarter. The business 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.