Ingram Micro (NYSE:INGM) Earns Buy Rating from Analysts at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of Ingram Micro (NYSE:INGM) in a report published on Monday morning, Marketbeat reports. The firm issued a buy rating and a $28.00 price objective on the stock.

Several other analysts have also commented on INGM. Evercore ISI began 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. 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 for the company. Bank of America started coverage on shares of Ingram Micro in a report on Monday. They issued a “buy” rating and a $30.00 price target on the stock. Raymond James began coverage on Ingram Micro in a report on Monday. They set an “outperform” rating and a $28.00 price objective for the company. Finally, BNP Paribas assumed coverage on Ingram Micro in a research report on Monday. They issued a “neutral” rating and a $25.00 price objective for the company. Four analysts have rated the stock with a hold rating and ten have given 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 Trading Down 3.8 %

Shares of INGM stock opened at $21.91 on Monday. Ingram Micro has a 52-week low of $21.84 and a 52-week 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 announced its quarterly 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.

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.