Ingram Micro (NYSE:INGM) Research Coverage Started at Morgan Stanley

Morgan Stanley initiated coverage on shares of Ingram Micro (NYSE:INGM) in a report issued on Monday morning, MarketBeat Ratings reports. The brokerage issued an equal weight rating and a $24.00 target price on the stock.

Other equities analysts have also issued reports about the stock. Northcoast Research started coverage on shares of Ingram Micro in a report on Friday, November 8th. They issued a “neutral” rating on the stock. Bank of America started coverage on Ingram Micro in a research report on Monday. They set a “buy” rating and a $30.00 price target for the company. BNP Paribas assumed coverage on Ingram Micro in a report on Monday. They issued a “neutral” rating and a $25.00 price objective on the stock. Jefferies Financial Group began coverage on Ingram Micro in a report on Monday. They set a “buy” rating and a $28.00 target price for the company. Finally, 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 on the stock. Four 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 3.8 %

Shares of Ingram Micro stock opened at $21.91 on Monday. Ingram Micro has a fifty-two week low of $21.84 and a fifty-two week high of $25.69. 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 (NYSE:INGM) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.72 earnings per share (EPS) for the quarter. The business had revenue of $11.76 billion for 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.