Ingram Micro (NYSE:INGM) Now Covered by Stifel Nicolaus

Stifel Nicolaus initiated coverage on shares of Ingram Micro (NYSE:INGM) in a research note published on Monday morning, MarketBeat reports. The firm issued a buy rating and a $28.00 target price on the stock.

Other equities research analysts have also recently issued reports about the stock. Bank of America assumed coverage on shares of Ingram Micro in a report on Monday. They issued a “buy” rating and a $30.00 price objective for the company. Redburn Atlantic assumed coverage on Ingram Micro in a research note on Monday. They set a “buy” rating and a $30.00 price target for the company. Raymond James initiated coverage on Ingram Micro in a research note on Monday. They issued an “outperform” rating and a $28.00 price objective on the stock. Morgan Stanley began coverage on Ingram Micro in a research report on Monday. They set an “equal weight” rating and a $24.00 target price for the company. Finally, Royal Bank of Canada began coverage on Ingram Micro in a report on Monday. They set an “outperform” rating and a $26.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ingram Micro has a consensus rating of “Moderate Buy” and an average price target of $27.92.

Ingram Micro Stock Performance

Shares of INGM stock opened at $22.70 on Monday. Ingram Micro has a fifty-two week low of $22.01 and a fifty-two week high of $25.69.

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 business had revenue of $11.76 billion for the quarter.

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.