Ingram Micro (NYSE:INGM) Coverage Initiated at BNP Paribas

BNP Paribas assumed coverage on shares of Ingram Micro (NYSE:INGM) in a research report report published on Monday, Marketbeat reports. The firm issued a neutral rating and a $25.00 price target on the stock.

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

Ingram Micro Trading Down 0.2 %

Shares of INGM opened at $22.70 on Monday. Ingram Micro has a 52-week low of $22.01 and a 52-week high of $25.69.

Ingram Micro (NYSE:INGM) last released its 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.