Ingram Micro (NYSE:INGM) Now Covered by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ingram Micro (NYSE:INGM) in a research note issued to investors on Monday morning, Marketbeat.com reports. The firm issued a buy rating and a $26.00 target price on the stock.

Several other research analysts have also recently issued reports on the stock. Redburn Atlantic started coverage on shares of Ingram Micro in a report on Monday. They issued a “buy” rating and a $30.00 target price for the company. Morgan Stanley began coverage on shares of Ingram Micro in a research note on Monday. They issued an “equal weight” rating and a $24.00 price objective for the company. Evercore ISI initiated coverage on Ingram Micro in a report on Monday. They set an “inline” rating and a $27.00 price objective on the stock. Stifel Nicolaus began coverage on Ingram Micro in a report on Monday. They issued a “buy” rating and a $28.00 target price for the company. Finally, Royal Bank of Canada started coverage on Ingram Micro in a research note on Monday. They set an “outperform” rating and a $26.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Ingram Micro presently has an average rating of “Moderate Buy” and a consensus target price of $27.92.

Ingram Micro Trading Down 1.9 %

Ingram Micro stock opened at $21.47 on Monday. Ingram Micro has a 1-year low of $21.25 and a 1-year 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 posted its earnings results on Tuesday, November 12th. The company reported $0.72 earnings per share for the quarter. The business had revenue of $11.76 billion for the quarter. Equities research analysts forecast that Ingram Micro will post 2.79 earnings per share for the current fiscal 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.