The Goldman Sachs Group Begins Coverage on Ingram Micro (NYSE:INGM)

Research analysts at The Goldman Sachs Group began coverage on shares of Ingram Micro (NYSE:INGM) in a research note issued to investors on Monday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $33.00 price target on the stock. The Goldman Sachs Group’s price target would suggest a potential upside of 44.10% from the company’s current price.

A number of other analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft started coverage on Ingram Micro in a research report on Monday. They issued a “buy” rating and a $26.00 target price on the stock. Northcoast Research assumed coverage on Ingram Micro in a research note on Friday, November 8th. They issued a “neutral” rating for the company. Morgan Stanley started coverage on shares of Ingram Micro in a research report on Monday. They issued an “equal weight” rating and a $24.00 price target for the company. Loop Capital started coverage on shares of Ingram Micro in a research report on Monday. They issued a “buy” rating and a $30.00 target price for the company. Finally, Redburn Atlantic initiated coverage on Ingram Micro in a research note on Monday. They issued a “buy” rating and a $30.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $27.92.

Ingram Micro Price Performance

Shares of NYSE:INGM opened at $22.90 on Monday. Ingram Micro has a 12 month low of $22.25 and a 12 month high of $25.69.

Ingram Micro (NYSE:INGM) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.72 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.