Ingram Micro (NYSE:INGM) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group began coverage on shares of Ingram Micro (NYSE:INGM - Free Report) in a research note published on Monday, MarketBeat.com reports. The firm issued a buy rating and a $28.00 price objective on the stock.

A number of other equities research analysts have also recently weighed in on the company. Royal Bank of Canada started coverage on Ingram Micro in a report on Monday. They set an "outperform" rating and a $26.00 price target for the company. Northcoast Research began coverage on Ingram Micro in a research note on Friday, November 8th. They issued a "neutral" rating on the stock. BNP Paribas started coverage on Ingram Micro in a research note on Monday. They set a "neutral" rating and a $25.00 price objective on the stock. Bank of America began coverage on shares of Ingram Micro in a research report on Monday. They set a "buy" rating and a $30.00 price objective for the company. Finally, Raymond James assumed coverage on Ingram Micro in a research report on Monday. They set an "outperform" rating and a $28.00 price target for the company. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $27.92.

Ingram Micro Stock Up 0.1 %

INGM stock traded up $0.02 during mid-day trading on Monday, hitting $22.77. The stock had a trading volume of 493,802 shares, compared to its average volume of 349,035. Ingram Micro has a 1-year low of $22.01 and a 1-year high of $25.69.

Ingram Micro (NYSE:INGM - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.72 EPS 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.