Ingram Micro (NYSE:INGM) Coverage Initiated at Melius

Equities research analysts at Melius began coverage on shares of Ingram Micro (NYSE:INGM) in a research report issued on Tuesday,Briefing.com Automated Import reports. The brokerage set a “hold” rating and a $26.00 price target on the stock. Melius’ target price indicates a potential upside of 17.33% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Northcoast Research initiated coverage on shares of Ingram Micro in a research report on Friday, November 8th. They set a “neutral” rating for the company. Loop Capital initiated coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued a “buy” rating and a $30.00 price target for the company. Redburn Atlantic assumed coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued a “buy” rating and a $30.00 price target for the company. Bank of America assumed coverage on shares of Ingram Micro in a research note on Monday, November 18th. They issued a “buy” rating and a $30.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ingram Micro in a research note on Monday, November 18th. They set a “buy” rating and a $26.00 price objective for the company. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the 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 Up 0.7 %

INGM stock opened at $22.16 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.96 and a current ratio of 1.40. Ingram Micro has a fifty-two week low of $21.14 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. On average, research 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.