The Goldman Sachs Group Begins Coverage on Ingram Micro (NYSE:INGM)

Stock analysts at The Goldman Sachs Group began coverage on shares of Ingram Micro (NYSE:INGM) in a research report issued on Monday, Marketbeat.com reports. The firm set a “buy” rating and a $33.00 price target on the stock. The Goldman Sachs Group’s price objective points to a potential upside of 44.86% from the company’s current price.

INGM has been the topic of a number of other research reports. Northcoast Research assumed coverage on Ingram Micro in a report on Friday, November 8th. They set a “neutral” rating on the stock. Morgan Stanley assumed coverage on Ingram Micro in a research note on Monday. They issued an “equal weight” rating and a $24.00 price target on the stock. Raymond James started coverage on Ingram Micro in a research report on Monday. They set an “outperform” rating and a $28.00 price objective for the company. Evercore ISI started coverage on shares of Ingram Micro in a report on Monday. They set an “inline” rating and a $27.00 target price on the stock. Finally, Royal Bank of Canada assumed coverage on shares of Ingram Micro in a research note on Monday. They issued an “outperform” rating and a $26.00 price target for the company. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.92.

Ingram Micro Stock Performance

NYSE:INGM 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 twelve month low of $22.01 and a twelve month high of $25.69.

Ingram Micro (NYSE:INGM) last announced its earnings results on Tuesday, November 12th. The company reported $0.72 earnings per share for the quarter. The company had revenue of $11.76 billion for 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.