Ingram Micro (NYSE:INGM) Earns Equal Weight Rating from Analysts at Morgan Stanley

Analysts at Morgan Stanley started coverage on shares of Ingram Micro (NYSE:INGM) in a report issued on Monday, Marketbeat Ratings reports. The brokerage set an “equal weight” rating and a $24.00 price target on the stock. Morgan Stanley’s target price points to a potential upside of 5.36% from the stock’s current price.

Several other equities analysts have also recently weighed in on INGM. BNP Paribas began coverage on Ingram Micro in a research report on Monday. They issued a “neutral” rating and a $25.00 price target for the company. Jefferies Financial Group assumed coverage on Ingram Micro in a research note on Monday. They set a “buy” rating and a $28.00 price objective for the company. Bank of America assumed coverage on Ingram Micro in a research note on Monday. They set a “buy” rating and a $30.00 price objective for the company. Northcoast Research assumed coverage on Ingram Micro in a research note on Friday, November 8th. They set a “neutral” rating for the company. Finally, Evercore ISI assumed coverage on Ingram Micro in a research note on Monday. They set an “inline” rating and a $27.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $27.92.

Ingram Micro Trading Up 0.0 %

Shares of NYSE INGM opened at $22.78 on Monday. Ingram Micro has a fifty-two week low of $22.01 and a fifty-two 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 for the quarter. The company had revenue of $11.76 billion during 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.