Ingram Micro (NYSE:INGM) Earns Buy Rating from Analysts at The Goldman Sachs Group

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

Other analysts have also issued reports about the company. Raymond James started coverage on Ingram Micro in a research report on Monday. They set an “outperform” rating and a $28.00 target price on the stock. Royal Bank of Canada started coverage on Ingram Micro in a report on Monday. They set an “outperform” rating and a $26.00 price objective on the stock. Northcoast Research assumed coverage on Ingram Micro in a research note on Friday, November 8th. They set a “neutral” rating for the company. Jefferies Financial Group began coverage on shares of Ingram Micro in a research note on Monday. They issued a “buy” rating and a $28.00 price target for the company. Finally, Stifel Nicolaus began coverage on shares of Ingram Micro in a report on Monday. They issued a “buy” rating and a $28.00 price target on the stock. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ingram Micro has a consensus rating of “Moderate Buy” and a consensus price target of $27.92.

Ingram Micro Trading Down 3.8 %

INGM stock opened at $21.91 on Monday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.40 and a quick ratio of 0.96. Ingram Micro has a 1 year low of $21.84 and a 1 year high of $25.69.

Ingram Micro (NYSE:INGM) last posted its earnings results on Tuesday, November 12th. The company reported $0.72 EPS for the quarter. The firm 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.