Royal Bank of Canada Begins Coverage on Ingram Micro (NYSE:INGM)

Royal Bank of Canada began coverage on shares of Ingram Micro (NYSE:INGM - Free Report) in a research report released on Monday morning, Marketbeat.com reports. The brokerage issued an outperform rating and a $26.00 target price on the stock.

Several other research firms have also issued reports on INGM. Northcoast Research initiated coverage on shares of Ingram Micro in a research report on Friday, November 8th. They set a "neutral" rating on the stock. Evercore ISI assumed coverage on shares of Ingram Micro in a research note on Monday. They issued an "inline" rating and a $27.00 price target for the company. Raymond James started coverage on Ingram Micro in a research note on Monday. They issued an "outperform" rating and a $28.00 price objective for the company. Finally, Bank of America initiated coverage on shares of Ingram Micro in a report on Monday. They set a "buy" rating and a $30.00 price objective for the company. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $27.92.

Ingram Micro Stock Performance

Shares of INGM traded up $0.02 during trading hours on Monday, reaching $22.77. The stock had a trading volume of 493,802 shares, compared to its average volume of 349,035. Ingram Micro has a 52 week low of $22.01 and a 52 week high of $25.69.

Ingram Micro (NYSE:INGM - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.72 earnings per share (EPS) for the quarter. The company 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.