Ingram Micro (NYSE:INGM) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Ingram Micro (NYSE:INGM) in a report published on Monday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $33.00 price objective on the stock.

A number of other analysts also recently issued reports 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 for the company. Evercore ISI initiated coverage on Ingram Micro in a research report on Monday. They issued an “inline” rating and a $27.00 price objective for the company. Raymond James began coverage on Ingram Micro in a research report on Monday. They issued an “outperform” rating and a $28.00 target price on the stock. Royal Bank of Canada initiated coverage on Ingram Micro in a report on Monday. They set an “outperform” rating and a $26.00 price target for the company. Finally, BNP Paribas initiated coverage on shares of Ingram Micro in a report on Monday. They issued a “neutral” rating and a $25.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.92.

Ingram Micro Stock Down 1.9 %

NYSE INGM opened at $21.47 on Monday. Ingram Micro has a fifty-two week low of $21.25 and a fifty-two week high of $25.69. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.93.

Ingram Micro (NYSE:INGM) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.72 earnings per share for the quarter. The firm had revenue of $11.76 billion for the quarter. On average, equities analysts expect that Ingram Micro will post 2.79 EPS for the current year.

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.