Ingram Micro (NYSE:INGM) Coverage Initiated at Loop Capital

Stock analysts at Loop Capital started coverage on shares of Ingram Micro (NYSE:INGM) in a research note issued on Monday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $30.00 price target on the stock. Loop Capital’s price target suggests a potential upside of 31.69% from the company’s current price.

A number of other research analysts have also recently weighed in on INGM. Redburn Atlantic began coverage on shares of Ingram Micro in a research note on Monday. They set a “buy” rating and a $30.00 price objective for the company. BNP Paribas assumed coverage on Ingram Micro in a research report on Monday. They set a “neutral” rating and a $25.00 price target for the company. Stifel Nicolaus initiated coverage on Ingram Micro in a research report on Monday. They issued a “buy” rating and a $28.00 price objective on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Ingram Micro in a research report on Monday. They set a “buy” rating and a $26.00 price objective for the company. Finally, Royal Bank of Canada began coverage on shares of Ingram Micro in a report on Monday. They issued an “outperform” rating and a $26.00 target price on the stock. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.92.

Ingram Micro Price Performance

Shares of INGM stock opened at $22.78 on Monday. 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 1 year low of $22.01 and a 1 year high of $25.69.

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