Ingram Micro (NYSE:INGM) Coverage Initiated at Raymond James

Stock analysts at Raymond James initiated coverage on shares of Ingram Micro (NYSE:INGM) in a research note issued on Monday, MarketBeat reports. The firm set an “outperform” rating and a $28.00 price target on the stock. Raymond James’ price target indicates a potential upside of 22.91% from the stock’s current price.

Separately, Northcoast Research assumed coverage on shares of Ingram Micro in a report on Friday, November 8th. They issued a “neutral” rating on the stock. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Ingram Micro presently has an average rating of “Moderate Buy” and an average price target of $27.92.

Ingram Micro Stock Performance

Shares of INGM stock opened at $22.78 on Monday. Ingram Micro has a 52-week low of $22.01 and a 52-week high of $25.69. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.40 and a quick ratio of 0.96.

Ingram Micro (NYSE:INGM) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.72 earnings per share (EPS) for the quarter. The business 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.