Melius Begins Coverage on Ingram Micro (NYSE:INGM)

Melius assumed coverage on shares of Ingram Micro (NYSE:INGM) in a report released on Tuesday, Marketbeat reports. The firm set a “hold” rating and a $26.00 price target on the stock. Melius’ price target would suggest a potential upside of 15.35% from the company’s current price.

Several other analysts have also recently issued reports on INGM. Royal Bank of Canada began coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued an “outperform” rating and a $26.00 price target on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ingram Micro in a research note on Monday, November 18th. They set a “buy” rating and a $26.00 target price for the company. Northcoast Research assumed coverage on shares of Ingram Micro in a research note on Friday, November 8th. They set a “neutral” rating for the company. Jefferies Financial Group assumed coverage on shares of Ingram Micro in a research note on Monday, November 18th. They set a “buy” rating and a $28.00 target price for the company. Finally, Stifel Nicolaus assumed coverage on shares of Ingram Micro in a research note on Monday, November 18th. They set a “buy” rating and a $28.00 target price for the company. Six investment 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, the company has an average rating of “Moderate Buy” and an average price target of $27.79.

Ingram Micro Stock Up 3.3 %

NYSE INGM opened at $22.54 on Tuesday. 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 has a 52 week low of $21.14 and a 52 week high of $25.69.

Ingram Micro (NYSE:INGM) last posted its quarterly 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. As a group, equities analysts forecast that Ingram Micro will post 2.79 EPS for the current fiscal year.

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.