JPMorgan Chase & Co. Initiates Coverage on Ingram Micro (NYSE:INGM)

Investment analysts at JPMorgan Chase & Co. began coverage on shares of Ingram Micro (NYSE:INGM - Get Free Report) in a research note issued to investors on Wednesday, MarketBeat reports. The firm set a "neutral" rating and a $28.00 price target on the stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 27.91% from the stock's current price.

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

Ingram Micro Price Performance

Shares of NYSE:INGM traded down $0.89 during midday trading on Wednesday, hitting $21.89. 241,473 shares of the company's stock were exchanged, compared to its average volume of 335,872. Ingram Micro has a 12 month low of $21.84 and a 12 month high of $25.69. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.40 and a quick ratio of 0.96.

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 firm had revenue of $11.76 billion during 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.