Ingram Micro (NYSE:INGM) Price Target Raised to $28.00

Ingram Micro (NYSE:INGM) had its target price lifted by Royal Bank of Canada from $26.00 to $28.00 in a report issued on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts have also recently commented on INGM. Raymond James began coverage on Ingram Micro in a research report on Monday, November 18th. They set an “outperform” rating and a $28.00 price target on the stock. Bank of America assumed coverage on Ingram Micro in a report on Monday, November 18th. They set a “buy” rating and a $30.00 price objective on the stock. Northcoast Research assumed coverage on Ingram Micro in a report on Friday, November 8th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. assumed coverage on Ingram Micro in a report on Wednesday, November 20th. They set a “neutral” rating and a $28.00 price objective on the stock. Finally, Loop Capital assumed coverage on Ingram Micro in a report on Monday, November 18th. They set a “buy” rating and a $30.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Ingram Micro has a consensus rating of “Moderate Buy” and a consensus price target of $28.14.

Ingram Micro Stock Down 1.6 %

Shares of NYSE INGM opened at $23.29 on Friday. Ingram Micro has a one year low of $18.90 and a one year high of $25.69. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.96 and a current ratio of 1.40. The company’s fifty day moving average price is $21.77.

Hedge Funds Weigh In On Ingram Micro

Institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN bought a new position in Ingram Micro in the 4th quarter worth about $45,000. Cohen & Steers Inc. bought a new position in Ingram Micro in the 4th quarter worth about $48,000. Tower Research Capital LLC TRC bought a new position in shares of Ingram Micro during the 4th quarter valued at about $52,000. Cubist Systematic Strategies LLC bought a new position in shares of Ingram Micro during the 4th quarter valued at about $80,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Ingram Micro during the 4th quarter valued at about $118,000.

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.