Ingram Micro (NYSE:INGM) Now Covered by Jefferies Financial Group

Equities research analysts at Jefferies Financial Group started coverage on shares of Ingram Micro (NYSE:INGM) in a research report issued on Monday, MarketBeat.com reports. The firm set a “buy” rating and a $28.00 price target on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 23.08% from the stock’s previous close.

A number of other research analysts have also commented on INGM. BNP Paribas assumed coverage on shares of Ingram Micro in a research note on Monday. They issued a “neutral” rating and a $25.00 price target on the stock. Raymond James initiated coverage on Ingram Micro in a report on Monday. They set an “outperform” rating and a $28.00 price target for the company. Northcoast Research assumed coverage on Ingram Micro in a report on Friday, November 8th. They issued a “neutral” rating on the stock. Bank of America began coverage on Ingram Micro in a report on Monday. They set a “buy” rating and a $30.00 target price for the company. Finally, Royal Bank of Canada assumed coverage on shares of Ingram Micro in a research report on Monday. They set an “outperform” rating and a $26.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Ingram Micro has an average rating of “Moderate Buy” and a consensus price target of $27.45.

Ingram Micro Stock Performance

Ingram Micro stock opened at $22.75 on Monday. Ingram Micro has a fifty-two week low of $22.25 and a fifty-two week high of $25.69.

Ingram Micro (NYSE:INGM) last issued its earnings results on Tuesday, November 12th. The company reported $0.72 EPS for the quarter. The business 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.