Ingram Micro (NYSE:INGM) Coverage Initiated at Melius

Stock analysts at Melius started coverage on shares of Ingram Micro (NYSE:INGM) in a note issued to investors on Tuesday, MarketBeat reports. The firm set a “hold” rating and a $26.00 price target on the stock. Melius’ price objective points to a potential upside of 15.35% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley initiated coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued an “equal weight” rating and a $24.00 target price for the company. Bank of America initiated coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued a “buy” rating and a $30.00 target price for the company. Royal Bank of Canada initiated coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued an “outperform” rating and a $26.00 target price for the company. Jefferies Financial Group initiated coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued a “buy” rating and a $28.00 target price for the company. Finally, Northcoast Research initiated coverage on shares of Ingram Micro in a report on Friday, November 8th. They issued a “neutral” rating for the company. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Ingram Micro currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.79.

Ingram Micro Price Performance

Shares of INGM opened at $22.54 on Tuesday. 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 has a 12-month low of $21.14 and a 12-month high of $25.69.

Ingram Micro (NYSE:INGM) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.72 EPS for the quarter. The firm had revenue of $11.76 billion for the quarter. Analysts predict that Ingram Micro will post 2.79 earnings per share for the current year.

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.