BNP Paribas Initiates Coverage on Ingram Micro (NYSE:INGM)

BNP Paribas started coverage on shares of Ingram Micro (NYSE:INGM) in a report released on Monday morning, Marketbeat Ratings reports. The firm issued a neutral rating and a $25.00 target price on the stock.

INGM has been the topic of several other research reports. Northcoast Research began coverage on shares of Ingram Micro in a report on Friday, November 8th. They issued a “neutral” rating on the stock. Evercore ISI initiated coverage on shares of Ingram Micro in a report on Monday. They issued an “inline” rating and a $27.00 price objective on the stock. Raymond James began coverage on Ingram Micro in a report on Monday. They issued an “outperform” rating and a $28.00 target price on the stock. Bank of America started coverage on Ingram Micro in a report on Monday. They set a “buy” rating and a $30.00 price target for the company. Finally, Royal Bank of Canada initiated coverage on Ingram Micro in a report on Monday. They issued an “outperform” rating and a $26.00 price objective on the stock. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.92.

Ingram Micro Stock Performance

Shares of INGM stock 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 current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93.

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

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.