Ingram Micro (NYSE:INGM) Now Covered by Analysts at Raymond James

Raymond James initiated coverage on shares of Ingram Micro (NYSE:INGM - Get Free Report) in a report released on Monday, Marketbeat reports. The brokerage set an "outperform" rating and a $28.00 price target on the stock. Raymond James' target price would suggest a potential upside of 22.97% from the company's current price.

Separately, Northcoast Research initiated coverage on shares of Ingram Micro in a report on Friday, November 8th. They issued a "neutral" rating 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.com, Ingram Micro currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.92.

Ingram Micro Price Performance

NYSE INGM traded up $0.02 during trading hours on Monday, reaching $22.77. 493,802 shares of the company's stock traded hands, 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 issued its earnings results on Tuesday, November 12th. The company reported $0.72 earnings per share (EPS) for the quarter. The company had revenue of $11.76 billion during 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.