Ingram Micro (NYSE:INGM) Now Covered by Analysts at Loop Capital

Investment analysts at Loop Capital initiated coverage on shares of Ingram Micro (NYSE:INGM) in a research note issued on Monday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $30.00 price target on the stock. Loop Capital’s price objective suggests a potential upside of 31.87% from the company’s current price.

INGM has been the subject of a number of other research reports. Redburn Atlantic started coverage on shares of Ingram Micro in a research note on Monday. They issued a “buy” rating and a $30.00 price objective for the company. Jefferies Financial Group initiated coverage on Ingram Micro in a research report on Monday. They issued a “buy” rating and a $28.00 price target for the company. Royal Bank of Canada assumed coverage on Ingram Micro in a research report on Monday. They set an “outperform” rating and a $26.00 price objective on the stock. Bank of America 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. Finally, Northcoast Research started coverage on shares of Ingram Micro in a report on Friday, November 8th. They issued a “neutral” rating on the stock. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.45.

Ingram Micro Price Performance

INGM opened at $22.75 on Monday. Ingram Micro has a 12-month low of $22.25 and a 12-month high of $25.69.

Ingram Micro (NYSE:INGM) last issued its earnings results 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.