Redburn Atlantic Begins Coverage on Ingram Micro (NYSE:INGM)

Equities researchers at Redburn Atlantic assumed coverage on shares of Ingram Micro (NYSE:INGM) in a report issued on Monday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $30.00 price target on the stock. Redburn Atlantic’s price objective would suggest a potential upside of 31.69% from the stock’s previous close.

A number of other research firms also recently weighed in on INGM. Jefferies Financial Group assumed coverage on Ingram Micro in a report on Monday. They issued a “buy” rating and a $28.00 target price on the stock. Northcoast Research began coverage on Ingram Micro in a research note on Friday, November 8th. They issued a “neutral” rating for the company. Evercore ISI began coverage on Ingram Micro in a research note on Monday. They issued an “inline” rating and a $27.00 price objective for the company. Raymond James began coverage on Ingram Micro in a research note on Monday. They issued an “outperform” rating and a $28.00 price objective for the company. Finally, Morgan Stanley began coverage on Ingram Micro in a research note on Monday. They issued an “equal weight” rating and a $24.00 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $27.92.

Ingram Micro Trading Up 0.0 %

INGM stock 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 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 released 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.