Ingram Micro (NYSE:INGM) Now Covered by Analysts at Redburn Atlantic

Equities researchers at Redburn Atlantic started coverage on shares of Ingram Micro (NYSE:INGM) in a research report issued to clients and investors on Monday, Marketbeat reports. The brokerage set a “buy” rating and a $30.00 price target on the stock. Redburn Atlantic’s target price indicates a potential upside of 31.87% from the company’s previous close.

A number of other equities analysts also recently commented on INGM. Evercore ISI initiated coverage on shares of Ingram Micro in a research note on Monday. They set an “inline” rating and a $27.00 target price for the company. Bank of America initiated coverage on Ingram Micro in a research note on Monday. They set a “buy” rating and a $30.00 target price for the company. Raymond James initiated coverage on shares of Ingram Micro in a research note on Monday. They issued an “outperform” rating and a $28.00 price target on the stock. Royal Bank of Canada assumed coverage on shares of Ingram Micro in a research report on Monday. They issued an “outperform” rating and a $26.00 target price on the stock. Finally, Northcoast Research assumed coverage on Ingram Micro in a report on Friday, November 8th. They set a “neutral” rating on the stock. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $27.45.

Ingram Micro Price Performance

INGM stock opened at $22.75 on Monday. Ingram Micro has a 1 year low of $22.25 and a 1 year 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 for the quarter. The firm had revenue of $11.76 billion during 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.