Ingram Micro (NYSE:INGM) Coverage Initiated by Analysts at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of Ingram Micro (NYSE:INGM) in a report published on Monday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $33.00 price objective on the stock.

Other equities analysts have also recently issued research reports about 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 target price on the stock. Redburn Atlantic assumed coverage on Ingram Micro in a report on Monday. They set a “buy” rating and a $30.00 target price on the stock. Loop Capital initiated coverage on Ingram Micro in a research note on Monday. They set a “buy” rating and a $30.00 price target for the company. Evercore ISI assumed coverage on Ingram Micro in a research note on Monday. They issued an “inline” rating and a $27.00 price objective on the stock. Finally, Royal Bank of Canada began coverage on Ingram Micro in a report on Monday. They issued an “outperform” rating and a $26.00 price objective for the company. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $27.92.

Ingram Micro Stock Down 3.8 %

NYSE INGM opened at $21.91 on Monday. Ingram Micro has a 52 week low of $21.84 and a 52 week high of $25.69. 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 (NYSE:INGM) last posted its earnings results on Tuesday, November 12th. The company reported $0.72 EPS for the quarter. The business 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.