Evercore ISI Initiates Coverage on Ingram Micro (NYSE:INGM)

Evercore ISI assumed coverage on shares of Ingram Micro (NYSE:INGM) in a research report released on Monday, Marketbeat.com reports. The firm issued an inline rating and a $27.00 price target on the stock.

Several other analysts also recently commented on the company. Northcoast Research assumed coverage on Ingram Micro in a research note on Friday, November 8th. They set a “neutral” rating for the company. Raymond James assumed coverage on Ingram Micro in a research note on Monday. They set an “outperform” rating and a $28.00 price target 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’s stock. According to MarketBeat, Ingram Micro currently has an average rating of “Moderate Buy” and an average price target of $27.92.

Ingram Micro Price Performance

Shares of INGM opened at $22.70 on Monday. Ingram Micro has a 12-month low of $22.01 and a 12-month high of $25.69.

Ingram Micro (NYSE:INGM) last issued 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 for 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.