Ingram Micro (NYSE:INGM) Earns Outperform Rating from Analysts at Royal Bank of Canada

Equities researchers at Royal Bank of Canada started coverage on shares of Ingram Micro (NYSE:INGM) in a research report issued on Monday,Briefing.com Automated Import reports. The firm set an “outperform” rating and a $26.00 price target on the stock. Royal Bank of Canada’s target price suggests a potential upside of 14.29% from the company’s current price.

INGM has been the topic of several other reports. Bank of America assumed coverage on Ingram Micro in a report on Monday. They set a “buy” rating and a $30.00 price target on the stock. Evercore ISI started coverage on shares of Ingram Micro in a research note on Monday. They set an “inline” rating and a $27.00 target price on the stock. 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. Finally, Raymond James began coverage on shares of Ingram Micro in a research note on Monday. They set an “outperform” rating and a $28.00 target price on the stock. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.45.

Ingram Micro Trading Down 3.1 %

INGM stock opened at $22.75 on Monday. Ingram Micro has a 1-year low of $22.25 and a 1-year high of $25.69.

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