Ingram Micro (NYSE:INGM) Coverage Initiated at JPMorgan Chase & Co.

Research analysts at JPMorgan Chase & Co. assumed coverage on shares of Ingram Micro (NYSE:INGM) in a research note issued on Wednesday, MarketBeat reports. The firm set a “neutral” rating and a $28.00 price target on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 30.41% from the company’s current price.

Other analysts also recently issued research reports about the stock. Stifel Nicolaus started coverage on shares of Ingram Micro in a report on Monday. They set a “buy” rating and a $28.00 target price for the company. Morgan Stanley started coverage on shares of Ingram Micro in a report on Monday. They issued an “equal weight” rating and a $24.00 price objective for the company. Evercore ISI started 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. Royal Bank of Canada started coverage on shares of Ingram Micro in a report on Monday. They issued an “outperform” rating and a $26.00 price objective for the company. Finally, William Blair started coverage on shares of Ingram Micro in a report on Monday. They issued an “outperform” rating for the company. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $27.92.

Ingram Micro Price Performance

Ingram Micro stock opened at $21.47 on Wednesday. Ingram Micro has a fifty-two week low of $21.25 and a fifty-two week high of $25.69. 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 (NYSE:INGM) last announced its earnings results on Tuesday, November 12th. The company reported $0.72 EPS for the quarter. The company had revenue of $11.76 billion for the quarter. As a group, sell-side analysts expect that Ingram Micro will post 2.79 earnings per share for the current fiscal year.

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.