Ingram Micro (NYSE:INGM) Coverage Initiated at Loop Capital

Loop Capital assumed coverage on shares of Ingram Micro (NYSE:INGM) in a research note released on Monday, MarketBeat.com reports. The firm issued a buy rating and a $30.00 price objective on the stock.

Several other research firms have also recently commented on INGM. Stifel Nicolaus began coverage on shares of Ingram Micro in a report on Monday. They set a “buy” rating and a $28.00 price target on the stock. Raymond James initiated coverage on Ingram Micro in a research note on Monday. They issued an “outperform” rating and a $28.00 target price on the stock. Bank of America assumed coverage on Ingram Micro in a research note on Monday. They set a “buy” rating and a $30.00 price target for the company. Morgan Stanley assumed coverage on Ingram Micro in a research note on Monday. They issued an “equal weight” rating and a $24.00 price target for the company. Finally, Evercore ISI began coverage on Ingram Micro in a report on Monday. They issued an “inline” rating and a $27.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $27.92.

Ingram Micro Price Performance

Shares of Ingram Micro stock 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 1 year low of $21.25 and a 1 year high of $25.69.

Ingram Micro (NYSE:INGM) last posted 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 during the quarter. Research analysts anticipate that Ingram Micro will post 2.79 EPS for the current fiscal 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.