Ingram Micro (NYSE:INGM) Now Covered by Royal Bank of Canada

Royal Bank of Canada began coverage on shares of Ingram Micro (NYSE:INGM) in a research note released on Monday morning, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $26.00 price target on the stock.

A number of other equities research analysts have also recently issued reports on INGM. Bank of America assumed coverage on shares of Ingram Micro in a report on Monday. They set a “buy” rating and a $30.00 price target for the company. Evercore ISI began coverage on Ingram Micro in a report on Monday. They issued an “inline” rating and a $27.00 target price on the stock. Raymond James assumed coverage on Ingram Micro in a research report on Monday. They issued an “outperform” rating and a $28.00 price target on the stock. Finally, Northcoast Research started coverage on Ingram Micro in a research report on Friday, November 8th. They issued a “neutral” rating for the company. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $27.92.

Ingram Micro Stock Down 0.2 %

Shares of NYSE 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 quarterly earnings results on Tuesday, November 12th. The company reported $0.72 EPS for the quarter. The firm had revenue of $11.76 billion during the quarter.

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.