Ingram Micro (NYSE:INGM) Coverage Initiated at Melius

Melius initiated coverage on shares of Ingram Micro (NYSE:INGM) in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. The brokerage issued a hold rating and a $26.00 target price on the stock.

Other equities analysts have also recently issued research reports about the company. Jefferies Financial Group initiated coverage on Ingram Micro in a report on Monday, November 18th. They issued a “buy” rating and a $28.00 price target for the company. JPMorgan Chase & Co. initiated coverage on Ingram Micro in a research note on Wednesday, November 20th. They set a “neutral” rating and a $28.00 target price for the company. Royal Bank of Canada initiated coverage on Ingram Micro in a research note on Monday, November 18th. They set an “outperform” rating and a $26.00 target price for the company. Loop Capital initiated coverage on Ingram Micro in a research note on Monday, November 18th. They set a “buy” rating and a $30.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Ingram Micro in a research note on Monday, November 18th. They set a “buy” rating and a $26.00 target price for the company. Six 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 an average target price of $27.79.

Ingram Micro Price Performance

NYSE INGM opened at $22.53 on Tuesday. Ingram Micro has a fifty-two week low of $21.14 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 released its quarterly earnings results on Tuesday, November 12th. The company reported $0.72 earnings per share for the quarter. The company had revenue of $11.76 billion during the quarter. On average, equities research analysts anticipate that Ingram Micro will post 2.79 earnings per share 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.