Ingram Micro (NYSE:INGM) Now Covered by Analysts at Melius

Melius started coverage on shares of Ingram Micro (NYSE:INGM) in a research report released on Tuesday, MarketBeat reports. The brokerage issued a hold rating and a $26.00 price target on the stock.

Other equities research analysts have also recently issued research reports about the company. Redburn Atlantic started coverage on Ingram Micro in a research note on Monday, November 18th. They issued a “buy” rating and a $30.00 price objective for the company. Evercore ISI started coverage on shares of Ingram Micro in a research report on Monday, November 18th. They issued an “inline” rating and a $27.00 price target for the company. Bank of America initiated coverage on shares of Ingram Micro in a research report on Monday, November 18th. They set a “buy” rating and a $30.00 price objective on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued a “buy” rating and a $26.00 target price for the company. Finally, Raymond James began coverage on Ingram Micro in a research report on Monday, November 18th. They issued an “outperform” rating and a $28.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $27.79.

Ingram Micro Stock Performance

Shares of Ingram Micro stock opened at $21.80 on Tuesday. Ingram Micro has a 12-month low of $21.14 and a 12-month high of $25.69. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.96 and a current ratio of 1.40.

Ingram Micro (NYSE:INGM) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.72 earnings per share (EPS) for the quarter. The firm had revenue of $11.76 billion for the quarter. On average, research analysts predict that Ingram Micro will post 2.79 earnings per share 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.