Ingram Micro (NYSE:INGM) Earns Buy Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of Ingram Micro (NYSE:INGM - Free Report) in a research report released on Monday, MarketBeat Ratings reports. The firm issued a buy rating and a $33.00 target price on the stock.

INGM has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Ingram Micro in a report on Monday. They set a "buy" rating and a $26.00 price objective on the stock. Jefferies Financial Group began coverage on shares of Ingram Micro in a research note on Monday. They set a "buy" rating and a $28.00 price target on the stock. Raymond James started coverage on shares of Ingram Micro in a report on Monday. They issued an "outperform" rating and a $28.00 price target for the company. Loop Capital began coverage on shares of Ingram Micro in a report on Monday. They set a "buy" rating and a $30.00 price objective on the stock. Finally, Bank of America initiated coverage on shares of Ingram Micro in a report on Monday. They issued a "buy" rating and a $30.00 target price 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 MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $27.92.

Ingram Micro Stock Performance

Shares of INGM stock traded up $0.02 during mid-day trading on Monday, hitting $22.77. The stock had a trading volume of 504,917 shares, compared to its average volume of 349,689. Ingram Micro has a fifty-two week low of $22.01 and a fifty-two 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 EPS for the quarter. The firm 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.