Raymond James Begins Coverage on Ingram Micro (NYSE:INGM)

Raymond James started coverage on shares of Ingram Micro (NYSE:INGM) in a research note issued to investors on Monday, MarketBeat.com reports. The firm issued an outperform rating and a $28.00 target price on the stock.

Separately, Northcoast Research initiated coverage on shares of Ingram Micro in a report on Friday, November 8th. They issued a “neutral” rating for the company. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Ingram Micro currently has an average rating of “Moderate Buy” and a consensus target price of $27.92.

Ingram Micro Stock Performance

INGM opened at $21.47 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.96 and a current ratio of 1.40. Ingram Micro has a 12 month low of $21.25 and a 12 month high of $25.69.

Ingram Micro (NYSE:INGM) last posted 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 during the quarter. Equities research analysts forecast that Ingram Micro will post 2.79 earnings per share for the current fiscal year.

Ingram Micro Company Profile

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.