Redburn Atlantic Initiates Coverage on Ingram Micro (NYSE:INGM)

Redburn Atlantic assumed coverage on shares of Ingram Micro (NYSE:INGM) in a research note published on Monday, MarketBeat Ratings reports. The firm issued a buy rating and a $30.00 target price on the stock.

Several other equities analysts have also commented on INGM. BNP Paribas initiated coverage on Ingram Micro in a research note on Monday. They issued a “neutral” rating and a $25.00 target price for the company. Raymond James began coverage on shares of Ingram Micro in a research note on Monday. They set an “outperform” rating and a $28.00 price objective for the company. Morgan Stanley started coverage on shares of Ingram Micro in a research report on Monday. They issued an “equal weight” rating and a $24.00 target price on the stock. Royal Bank of Canada began coverage on shares of Ingram Micro in a research note on Monday. They set an “outperform” rating and a $26.00 price target on the stock. Finally, Jefferies Financial Group assumed coverage on shares of Ingram Micro in a research note on Monday. They set a “buy” rating and a $28.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $27.92.

Ingram Micro Price Performance

Shares of NYSE INGM opened at $22.70 on Monday. Ingram Micro has a 12 month low of $22.01 and a 12 month high of $25.69.

Ingram Micro (NYSE:INGM) last released its earnings results on Tuesday, November 12th. The company reported $0.72 EPS 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.