Ingram Micro (NYSE:INGM) Coverage Initiated by Analysts at Loop Capital

Loop Capital began coverage on shares of Ingram Micro (NYSE:INGM) in a research report released on Monday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $30.00 price objective on the stock.

A number of other research analysts also recently commented on INGM. Jefferies Financial Group began coverage on Ingram Micro in a report on Monday. They issued a “buy” rating and a $28.00 price objective on the stock. Redburn Atlantic assumed coverage on shares of Ingram Micro in a research note on Monday. They issued a “buy” rating and a $30.00 price target on the stock. Raymond James assumed coverage on shares of Ingram Micro in a report on Monday. They set an “outperform” rating and a $28.00 price objective on the stock. Royal Bank of Canada initiated coverage on shares of Ingram Micro in a report on Monday. They issued an “outperform” rating and a $26.00 target price for the company. Finally, BNP Paribas began coverage on shares of Ingram Micro in a research note on Monday. They set a “neutral” rating and a $25.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Ingram Micro has an average rating of “Moderate Buy” and an average price target of $27.92.

Ingram Micro Price Performance

Shares of Ingram Micro stock opened at $21.91 on Monday. 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 52-week low of $21.84 and a 52-week high of $25.69.

Ingram Micro (NYSE:INGM) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.72 earnings per share (EPS) for the quarter. The firm had revenue of $11.76 billion for 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.