Ingram Micro (NYSE:INGM) Now Covered by Analysts at Redburn Atlantic

Redburn Atlantic started coverage on shares of Ingram Micro (NYSE:INGM) in a report published on Monday, Marketbeat Ratings reports. The firm issued a buy rating and a $30.00 price objective on the stock.

Several other analysts 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. Raymond James initiated coverage on Ingram Micro in a report on Monday. They set an “outperform” rating and a $28.00 price target on the stock. Bank of America assumed coverage on shares of Ingram Micro in a research note on Monday. They issued a “buy” rating and a $30.00 price objective for the company. Jefferies Financial Group started coverage on shares of Ingram Micro in a report on Monday. They issued a “buy” rating and a $28.00 target price on the stock. Finally, BNP Paribas began coverage on shares of Ingram Micro in a report 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 given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.92.

Ingram Micro Stock Performance

INGM opened at $21.91 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.93. Ingram Micro has a 12-month low of $21.84 and a 12-month high of $25.69.

Ingram Micro (NYSE:INGM) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.72 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.