Ingram Micro (NYSE:INGM) Now Covered by Melius

Melius initiated coverage on shares of Ingram Micro (NYSE:INGM) in a report issued on Tuesday morning, MarketBeat Ratings reports. The firm issued a hold rating and a $26.00 price target on the stock.

A number of other brokerages have also recently issued reports on INGM. BNP Paribas assumed coverage on shares of Ingram Micro in a research report on Monday, November 18th. They set a “neutral” rating and a $25.00 target price for the company. Northcoast Research initiated coverage on Ingram Micro in a research note on Friday, November 8th. They issued a “neutral” rating on the stock. Redburn Atlantic began coverage on Ingram Micro in a research report on Monday, November 18th. They set a “buy” rating and a $30.00 price target for the company. William Blair initiated coverage on Ingram Micro in a report on Monday, November 18th. They issued an “outperform” rating for the company. Finally, Evercore ISI initiated coverage on Ingram Micro in a research note on Monday, November 18th. They set an “inline” rating and a $27.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $27.79.

Ingram Micro Stock Down 1.6 %

INGM opened at $21.80 on Tuesday. Ingram Micro has a 1-year low of $21.14 and a 1-year 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 results on Tuesday, November 12th. The company reported $0.72 earnings per share for the quarter. The firm had revenue of $11.76 billion during the quarter. As a group, analysts forecast 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.