Ingram Micro (NYSE:INGM) Now Covered by Analysts at Bank of America

Research analysts at Bank of America started coverage on shares of Ingram Micro (NYSE:INGM - Get Free Report) in a research note issued to investors on Monday, Marketbeat Ratings reports. The brokerage set a "buy" rating and a $30.00 price target on the stock. Bank of America's target price would suggest a potential upside of 31.75% from the stock's previous close.

A number of other equities research analysts have also recently issued reports on INGM. Northcoast Research began coverage on Ingram Micro in a research note on Friday, November 8th. They issued a "neutral" rating on the stock. Raymond James began coverage on Ingram Micro in a research report on Monday. They set an "outperform" rating and a $28.00 price objective for the company. Finally, Evercore ISI initiated coverage on Ingram Micro in a research note on Monday. They set an "inline" rating and a $27.00 target price on the stock. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, Ingram Micro presently has a consensus rating of "Moderate Buy" and an average target price of $27.92.

Ingram Micro Trading Up 0.1 %

Shares of NYSE:INGM traded up $0.02 during trading on Monday, hitting $22.77. The company's stock had a trading volume of 493,802 shares, compared to its average volume of 349,035. Ingram Micro has a fifty-two week low of $22.01 and a fifty-two week high of $25.69.

Ingram Micro (NYSE:INGM - Get Free Report) last issued its earnings results 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.

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.