Deutsche Bank Aktiengesellschaft Initiates Coverage on Ingram Micro (NYSE:INGM)

Research analysts at Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ingram Micro (NYSE:INGM) in a note issued to investors on Monday, MarketBeat reports. The brokerage set a “buy” rating and a $26.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 14.14% from the company’s current price.

A number of other equities analysts also recently issued reports on the stock. Evercore ISI began coverage on shares of Ingram Micro in a report on Monday. They issued an “inline” rating and a $27.00 price target for the company. Morgan Stanley began coverage on shares of Ingram Micro in a report on Monday. They issued an “equal weight” rating and a $24.00 price target for the company. Bank of America assumed coverage on shares of Ingram Micro in a report on Monday. They issued a “buy” rating and a $30.00 price target for the company. Northcoast Research assumed coverage on shares of Ingram Micro in a report on Friday, November 8th. They set a “neutral” rating for the company. Finally, Royal Bank of Canada assumed coverage on shares of Ingram Micro in a report on Monday. They set an “outperform” rating and a $26.00 target price for the company. Three 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 currently has an average rating of “Moderate Buy” and a consensus target price of $27.92.

Ingram Micro Stock Up 0.0 %

INGM stock opened at $22.78 on Monday. Ingram Micro has a one year low of $22.01 and a one year high of $25.69. 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 (NYSE:INGM) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.72 earnings per share (EPS) for the quarter. The company had revenue of $11.76 billion during 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.