Ingram Micro (NYSE:INGM) Now Covered by JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of Ingram Micro (NYSE:INGM) in a research note released on Wednesday morning, Marketbeat.com reports. The firm issued a neutral rating and a $28.00 price target on the stock.

Other equities analysts have also recently issued reports about the company. The Goldman Sachs Group assumed coverage on Ingram Micro in a report on Monday, November 18th. They set a “buy” rating and a $33.00 price target on the stock. Jefferies Financial Group started coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued a “buy” rating and a $28.00 price target for the company. Raymond James started coverage on shares of Ingram Micro in a research report on Monday, November 18th. They set an “outperform” rating and a $28.00 price objective on the stock. Loop Capital started coverage on Ingram Micro in a research note on Monday, November 18th. They set a “buy” rating and a $30.00 price target on the stock. Finally, BNP Paribas initiated coverage on Ingram Micro in a research note on Monday, November 18th. They issued a “neutral” rating and a $25.00 price objective for the company. Four 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, Ingram Micro currently has an average rating of “Moderate Buy” and an average price target of $27.92.

Ingram Micro Stock Performance

Shares of NYSE INGM opened at $22.00 on Wednesday. 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 has a 1 year low of $21.14 and a 1 year high of $25.69.

Ingram Micro (NYSE:INGM) last issued 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. Analysts anticipate that Ingram Micro will post 2.79 earnings per share for the current year.

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.