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Ingram Micro (NYSE:INGM) Now Covered by Analysts at Loop Capital

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Equities research analysts at Loop Capital initiated coverage on shares of Ingram Micro (NYSE:INGM - Get Free Report) in a research report issued to clients and investors on Monday, Marketbeat reports. The firm set a "buy" rating and a $30.00 price target on the stock. Loop Capital's price objective suggests a potential upside of 31.75% from the stock's current price.

Several other equities analysts also recently weighed in on INGM. Royal Bank of Canada assumed coverage on shares of Ingram Micro in a report on Monday. They issued an "outperform" rating and a $26.00 price target on the stock. Redburn Atlantic initiated coverage on Ingram Micro in a research report on Monday. They set a "buy" rating and a $30.00 target price on the stock. Evercore ISI assumed coverage on Ingram Micro in a report on Monday. They issued an "inline" rating and a $27.00 price objective on the stock. Stifel Nicolaus started coverage on shares of Ingram Micro in a report on Monday. They issued a "buy" rating and a $28.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Ingram Micro in a report on Monday. They issued a "buy" rating and a $26.00 target price on the stock. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $27.92.

Get Our Latest Research Report on INGM

Ingram Micro Trading Up 0.1 %

Shares of 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 12-month low of $22.01 and a 12-month 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 earnings per share for the quarter. The business had revenue of $11.76 billion during the quarter.

About Ingram Micro

(Get Free Report)

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.

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