Ingram Micro (NYSE:INGM) Earns Buy Rating from Analysts at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of Ingram Micro (NYSE:INGM) in a research note published on Monday, Marketbeat reports. The firm issued a buy rating and a $28.00 price target on the stock.

Other research analysts have also issued research reports about the company. Bank of America began coverage on Ingram Micro in a research report on Monday. They issued a “buy” rating and a $30.00 target price for the company. BNP Paribas assumed coverage on shares of Ingram Micro in a research note on Monday. They set a “neutral” rating and a $25.00 target price for the company. Royal Bank of Canada started coverage on shares of Ingram Micro in a report on Monday. They set an “outperform” rating and a $26.00 target price on the stock. Northcoast Research assumed coverage on shares of Ingram Micro in a report on Friday, November 8th. They issued a “neutral” rating for the company. Finally, Raymond James initiated coverage on shares of Ingram Micro in a research note on Monday. They set an “outperform” rating and a $28.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.92.

Ingram Micro Stock Down 1.9 %

INGM stock opened at $21.47 on Monday. 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 has a twelve month low of $21.25 and a twelve month high of $25.69.

Ingram Micro (NYSE:INGM) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.72 earnings per share for the quarter. The company had revenue of $11.76 billion for the quarter. On average, sell-side analysts anticipate that Ingram Micro will post 2.79 EPS 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.