Ingram Micro (NYSE:INGM) Coverage Initiated at BNP Paribas

BNP Paribas began coverage on shares of Ingram Micro (NYSE:INGM) in a research report report published on Monday morning, MarketBeat.com reports. The brokerage issued a neutral rating and a $25.00 price objective on the stock.

INGM has been the topic of a number of other reports. Northcoast Research assumed coverage on shares of Ingram Micro in a research note on Friday, November 8th. They issued a “neutral” rating on the stock. Evercore ISI began coverage on Ingram Micro in a research note on Monday. They set an “inline” rating and a $27.00 price objective on the stock. Royal Bank of Canada initiated coverage on Ingram Micro in a research note on Monday. They issued an “outperform” rating and a $26.00 target price for the company. Bank of America initiated coverage on shares of Ingram Micro in a research report on Monday. They set a “buy” rating and a $30.00 price target on the stock. Finally, Raymond James started coverage on shares of Ingram Micro in a research note on Monday. They set an “outperform” rating and a $28.00 target price on the stock. Four research 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.92.

Ingram Micro Stock Down 1.9 %

Shares of INGM opened at $21.47 on Monday. Ingram Micro has a one year low of $21.25 and a one year high of $25.69. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93.

Ingram Micro (NYSE:INGM) last released 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. As a group, analysts anticipate 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.