Royal Bank of Canada Begins Coverage on Ingram Micro (NYSE:INGM)

Investment analysts at Royal Bank of Canada started coverage on shares of Ingram Micro (NYSE:INGM) in a note issued to investors on Monday, Marketbeat Ratings reports. The firm set an “outperform” rating and a $26.00 price target on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 14.14% from the company’s previous close.

Several other brokerages also recently weighed in on INGM. Raymond James began coverage on shares of Ingram Micro in a report on Monday. They issued an “outperform” rating and a $28.00 target price for the company. Bank of America began coverage on shares of Ingram Micro in a report on Monday. They issued a “buy” rating and a $30.00 target price for the company. Evercore ISI began coverage on shares of Ingram Micro in a report on Monday. They issued an “inline” rating and a $27.00 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. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Ingram Micro has an average rating of “Moderate Buy” and an average price target of $27.92.

Ingram Micro Trading Up 0.0 %

Shares of INGM stock opened at $22.78 on Monday. Ingram Micro has a 1 year low of $22.01 and a 1 year 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 issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.72 earnings per share (EPS) for the quarter. The business had revenue of $11.76 billion for the quarter.

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.