Evercore ISI Begins Coverage on Ingram Micro (NYSE:INGM)

Analysts at Evercore ISI started coverage on shares of Ingram Micro (NYSE:INGM) in a report released on Monday, Marketbeat.com reports. The brokerage set an “inline” rating and a $27.00 price target on the stock. Evercore ISI’s target price indicates a potential upside of 18.68% from the stock’s previous close.

A number of other equities research analysts have also weighed in on INGM. Northcoast Research initiated coverage on Ingram Micro in a research note on Friday, November 8th. They set a “neutral” rating on the stock. Raymond James assumed coverage on shares of Ingram Micro in a research note on Monday. They set an “outperform” rating and a $28.00 price target on the stock. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.45.

Ingram Micro Trading Down 3.1 %

INGM stock opened at $22.75 on Monday. Ingram Micro has a one year low of $22.25 and a one year 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 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.