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

Research analysts at Redburn Atlantic started coverage on shares of Ingram Micro (NYSE:INGM) in a research report issued on Monday, MarketBeat reports. The firm set a “buy” rating and a $30.00 price target on the stock. Redburn Atlantic’s target price indicates a potential upside of 31.87% from the company’s current price.

Several other equities analysts have also recently issued reports on the company. Bank of America initiated coverage on Ingram Micro in a report on Monday. They set a “buy” rating and a $30.00 price objective for the company. Northcoast Research assumed coverage on shares of Ingram Micro in a research report on Friday, November 8th. They issued a “neutral” rating on the stock. Royal Bank of Canada started coverage on Ingram Micro in a research report on Monday. They set an “outperform” rating and a $26.00 price objective for the company. Morgan Stanley began coverage on Ingram Micro in a report on Monday. They issued an “equal weight” rating and a $24.00 price target for the company. Finally, Raymond James started coverage on Ingram Micro in a research note on Monday. They set an “outperform” rating and a $28.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $27.45.

Ingram Micro Price Performance

Ingram Micro stock opened at $22.75 on Monday. Ingram Micro has a one year low of $22.25 and a one year high of $25.69.

Ingram Micro (NYSE:INGM) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.72 EPS for the quarter. The company 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.