Ingram Micro (NYSE:INGM) Earns Buy Rating from Analysts at Bank of America

Bank of America initiated coverage on shares of Ingram Micro (NYSE:INGM) in a research report released on Monday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $30.00 price objective on the stock.

Several other research firms have also commented on INGM. Evercore ISI assumed coverage on shares of Ingram Micro in a research report on Monday. They set an “inline” rating and a $27.00 price target for the company. Northcoast Research initiated coverage on shares of Ingram Micro in a research report on Friday, November 8th. They issued a “neutral” rating for the company. Finally, Raymond James began coverage on Ingram Micro in a report on Monday. They set an “outperform” rating and a $28.00 price target on the stock. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Ingram Micro currently has an average rating of “Moderate Buy” and an average price target of $27.92.

Ingram Micro Stock Down 0.2 %

Shares of INGM stock opened at $22.70 on Monday. Ingram Micro has a 52 week low of $22.01 and a 52 week high of $25.69.

Ingram Micro (NYSE:INGM) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.72 earnings per share (EPS) for the quarter. The company had revenue of $11.76 billion for the quarter.

About Ingram Micro

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.