Ingram Micro (NYSE:INGM) Now Covered by Stifel Nicolaus

Stifel Nicolaus started coverage on shares of Ingram Micro (NYSE:INGM) in a research note issued to investors on Monday morning, Marketbeat reports. The brokerage issued a buy rating and a $28.00 price objective on the stock.

Several other equities analysts have also issued reports on INGM. Raymond James started coverage on shares of Ingram Micro in a report on Monday. They issued an “outperform” rating and a $28.00 price target on the stock. Northcoast Research started coverage on Ingram Micro in a research note on Friday, November 8th. They issued a “neutral” rating for the company. Redburn Atlantic started coverage on shares of Ingram Micro in a report on Monday. They set a “buy” rating and a $30.00 price objective on the stock. Royal Bank of Canada assumed coverage on shares of Ingram Micro in a research report on Monday. They set an “outperform” rating and a $26.00 target price on the stock. Finally, Bank of America initiated coverage on shares of Ingram Micro in a report on Monday. They set a “buy” rating and a $30.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $27.92.

Ingram Micro Price Performance

Shares of NYSE:INGM opened at $21.47 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 52 week low of $21.25 and a 52 week high of $25.69.

Ingram Micro (NYSE:INGM) last posted its earnings results on Tuesday, November 12th. The company reported $0.72 earnings per share (EPS) for the quarter. The company had revenue of $11.76 billion during the quarter. Equities analysts predict that Ingram Micro will post 2.79 EPS 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.