Ingram Micro (NYSE:INGM) Coverage Initiated at JPMorgan Chase & Co.

JPMorgan Chase & Co. assumed coverage on shares of Ingram Micro (NYSE:INGM) in a research report report published on Wednesday morning, Marketbeat reports. The brokerage issued a neutral rating and a $28.00 price target on the stock.

A number of other research analysts have also commented on the company. BNP Paribas initiated coverage on Ingram Micro in a report on Monday, November 18th. They set a “neutral” rating and a $25.00 price objective on the stock. Evercore ISI initiated coverage on Ingram Micro in a report on Monday, November 18th. They set an “inline” rating and a $27.00 price objective on the stock. Stifel Nicolaus initiated coverage on Ingram Micro in a report on Monday, November 18th. They set a “buy” rating and a $28.00 price objective on the stock. William Blair initiated coverage on Ingram Micro in a report on Monday, November 18th. They set an “outperform” rating on the stock. Finally, Raymond James started coverage on Ingram Micro in a report on Monday, November 18th. They set an “outperform” rating and a $28.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.92.

Ingram Micro Price Performance

Shares of INGM stock opened at $22.00 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.96 and a current ratio of 1.40. Ingram Micro has a fifty-two week low of $21.14 and a fifty-two week high of $25.69.

Ingram Micro (NYSE:INGM) last issued 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. As a group, analysts expect 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.