Ingram Micro (NYSE:INGM) Coverage Initiated at Evercore ISI

Research analysts at Evercore ISI started coverage on shares of Ingram Micro (NYSE:INGM) in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The firm set an “inline” rating and a $27.00 price target on the stock. Evercore ISI’s price objective would suggest a potential upside of 18.53% from the stock’s current price.

A number of other research firms have also commented on INGM. Northcoast Research started coverage on Ingram Micro in a research note on Friday, November 8th. They set a “neutral” rating on the stock. Raymond James started coverage on Ingram Micro in a research note on Monday. They set an “outperform” rating and a $28.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Ingram Micro presently has an average rating of “Moderate Buy” and a consensus price target of $27.92.

Ingram Micro Stock Up 0.0 %

Shares of NYSE:INGM opened at $22.78 on Monday. Ingram Micro has a 12-month low of $22.01 and a 12-month high of $25.69. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.93.

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