Stifel Nicolaus Begins Coverage on Ingram Micro (NYSE:INGM)

Analysts at Stifel Nicolaus started coverage on shares of Ingram Micro (NYSE:INGM) in a research note issued on Monday, Marketbeat Ratings reports. The firm set a “buy” rating and a $28.00 price target on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 22.91% from the company’s previous close.

A number of other research analysts have also recently weighed in on INGM. Evercore ISI began coverage on shares of Ingram Micro in a report on Monday. They issued an “inline” rating and a $27.00 price objective for the company. Redburn Atlantic assumed coverage on shares of Ingram Micro in a report on Monday. They issued a “buy” rating and a $30.00 price objective for the company. Royal Bank of Canada assumed coverage on shares of Ingram Micro in a research note on Monday. They set an “outperform” rating and a $26.00 target price for the company. Jefferies Financial Group assumed coverage on shares of Ingram Micro in a research note on Monday. They set a “buy” rating and a $28.00 target price for the company. Finally, Northcoast Research assumed coverage on shares of Ingram Micro in a research note on Friday, November 8th. They set a “neutral” rating for the company. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Ingram Micro presently has an average rating of “Moderate Buy” and an average price target of $27.92.

Ingram Micro Stock Performance

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

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