William Blair Initiates Coverage on Ingram Micro (NYSE:INGM)

William Blair began coverage on shares of Ingram Micro (NYSE:INGM) in a report released on Monday,Briefing.com Automated Import reports. The brokerage set an “outperform” rating on the stock.

A number of other analysts have also recently commented on the stock. Northcoast Research began coverage on shares of Ingram Micro in a research report on Friday, November 8th. They set a “neutral” rating on the stock. Raymond James started coverage on shares of Ingram Micro in a research note on Monday. They set an “outperform” rating and a $28.00 price target for the company. Redburn Atlantic assumed coverage on Ingram Micro in a research note on Monday. They issued a “buy” rating and a $30.00 price objective for the company. Loop Capital initiated coverage on shares of Ingram Micro in a research report on Monday. They set a “buy” rating and a $30.00 price target on the stock. Finally, The Goldman Sachs Group initiated coverage on Ingram Micro in a research report on Monday. They issued a “buy” rating and a $33.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.92.

Ingram Micro Price Performance

NYSE INGM opened at $22.90 on Monday. Ingram Micro has a fifty-two week low of $22.25 and a fifty-two week 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 business had revenue of $11.76 billion during 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.