BNP Paribas Initiates Coverage on Ingram Micro (NYSE:INGM)

Stock analysts at BNP Paribas initiated coverage on shares of Ingram Micro (NYSE:INGM) in a report issued on Monday, MarketBeat Ratings reports. The firm set a “neutral” rating and a $25.00 price target on the stock. BNP Paribas’ price target indicates a potential upside of 9.75% from the company’s current price.

Several other analysts have also issued reports on the stock. Royal Bank of Canada began coverage on shares of Ingram Micro in a research report on Monday. They issued an “outperform” rating and a $26.00 target price on the stock. Raymond James began coverage on shares of Ingram Micro in a research report on Monday. They issued an “outperform” rating and a $28.00 target price on the stock. Evercore ISI began coverage on shares of Ingram Micro in a research report on Monday. They issued an “inline” rating and a $27.00 target price on the stock. Bank of America began coverage on shares of Ingram Micro in a research report on Monday. They issued a “buy” rating and a $30.00 target price on the stock. Finally, Northcoast Research began coverage on shares of Ingram Micro in a research report on Friday, November 8th. They issued a “neutral” rating on the stock. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Ingram Micro has a consensus rating of “Moderate Buy” and an average target price of $27.92.

Ingram Micro Stock Performance

INGM stock opened at $22.78 on Monday. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. Ingram Micro has a one year low of $22.01 and a one year high of $25.69.

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