Ingram Micro (NYSE:INGM) Now Covered by Royal Bank of Canada

Royal Bank of Canada initiated coverage on shares of Ingram Micro (NYSE:INGM) in a report published on Monday, MarketBeat reports. The brokerage issued an outperform rating and a $26.00 price target on the stock.

Several other research firms have also weighed in on INGM. Evercore ISI started coverage on Ingram Micro in a report on Monday. They set an “inline” rating and a $27.00 price target on the stock. Northcoast Research started coverage on shares of Ingram Micro in a report on Friday, November 8th. They issued a “neutral” rating for the company. Bank of America assumed coverage on shares of Ingram Micro in a research report on Monday. They issued a “buy” rating and a $30.00 price objective on the stock. Finally, Raymond James initiated coverage on Ingram Micro in a research report on Monday. They set an “outperform” rating and a $28.00 target price for the company. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $27.92.

Ingram Micro Price Performance

Shares of NYSE:INGM opened at $21.47 on Monday. Ingram Micro has a 52 week low of $21.25 and a 52 week 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 for the quarter. The company had revenue of $11.76 billion for the quarter. Equities analysts anticipate that Ingram Micro will post 2.79 EPS for the current fiscal year.

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.