Ingram Micro (NYSE:INGM) Now Covered by Redburn Atlantic

Redburn Atlantic assumed coverage on shares of Ingram Micro (NYSE:INGM - Free Report) in a research note issued to investors on Monday, MarketBeat.com reports. The firm issued a buy rating and a $30.00 target price on the stock.

INGM has been the topic of a number of other research reports. Bank of America assumed coverage on Ingram Micro in a report on Monday. They issued a "buy" rating and a $30.00 price target on the stock. Jefferies Financial Group began coverage on Ingram Micro in a report on Monday. They issued a "buy" rating and a $28.00 price target for the company. Raymond James initiated coverage on Ingram Micro in a research report on Monday. They issued an "outperform" rating and a $28.00 target price on the stock. Morgan Stanley began coverage on shares of Ingram Micro in a research note on Monday. They set an "equal weight" rating and a $24.00 price objective for the company. Finally, Royal Bank of Canada initiated coverage on Ingram Micro in a report on Monday. They set an "outperform" rating and a $26.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, Ingram Micro has an average rating of "Moderate Buy" and an average target price of $27.92.

Ingram Micro Price Performance

Shares of NYSE INGM traded up $0.02 during midday trading on Monday, hitting $22.77. 493,802 shares of the company's stock were exchanged, compared to its average volume of 349,035. Ingram Micro has a twelve month low of $22.01 and a twelve 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 for the quarter.

About Ingram Micro

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.