Ingram Micro (NYSE:INGM) Earns Buy Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of Ingram Micro (NYSE:INGM) in a research report report published on Monday, MarketBeat reports. The brokerage issued a buy rating and a $33.00 target price on the stock.

A number of other brokerages have also recently commented on INGM. Northcoast Research started coverage on Ingram Micro in a report on Friday, November 8th. They issued a “neutral” rating for the company. Evercore ISI initiated coverage on shares of Ingram Micro in a research report on Monday. They set an “inline” rating and a $27.00 price objective on the stock. Redburn Atlantic began coverage on shares of Ingram Micro in a report on Monday. They issued a “buy” rating and a $30.00 target price for the company. Royal Bank of Canada started coverage on shares of Ingram Micro in a report on Monday. They set an “outperform” rating and a $26.00 price target on the stock. Finally, Loop Capital began coverage on shares of Ingram Micro in a research report on Monday. They issued a “buy” rating and a $30.00 price objective on the stock. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $27.92.

Ingram Micro Stock Down 0.2 %

Ingram Micro stock opened at $22.70 on Monday. Ingram Micro has a 52-week low of $22.01 and a 52-week high of $25.69.

Ingram Micro (NYSE:INGM) last announced its earnings results 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.