Ingram Micro (NYSE:INGM) Coverage Initiated at Royal Bank of Canada

Royal Bank of Canada assumed coverage on shares of Ingram Micro (NYSE:INGM) in a research report report published on Monday, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $26.00 price objective on the stock.

Other analysts have also issued research reports about the stock. Evercore ISI initiated coverage on shares of Ingram Micro in a report on Monday. They set an “inline” rating and a $27.00 price objective for the company. Northcoast Research assumed coverage on Ingram Micro in a research report on Friday, November 8th. They issued a “neutral” rating for the company. Bank of America started coverage on Ingram Micro in a research note on Monday. They issued a “buy” rating and a $30.00 price objective on the stock. Finally, Raymond James began coverage on Ingram Micro in a research note on Monday. They issued an “outperform” rating and a $28.00 target price for the company. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $27.92.

Ingram Micro Price Performance

Shares of NYSE:INGM opened at $22.70 on Monday. Ingram Micro has a fifty-two week low of $22.01 and a fifty-two week high of $25.69.

Ingram Micro (NYSE:INGM) last posted its earnings results on Tuesday, November 12th. The company reported $0.72 earnings per share 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.