Ingram Micro (NYSE:INGM) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ingram Micro (NYSE:INGM) in a research report report published on Monday morning, MarketBeat reports. The brokerage issued a buy rating and a $26.00 price objective on the stock.

A number of other brokerages have also recently issued reports on INGM. Northcoast Research began coverage on shares of Ingram Micro in a report on Friday, November 8th. They issued a “neutral” rating for the company. Evercore ISI started coverage on Ingram Micro in a research note on Monday. They set an “inline” rating and a $27.00 price target for the company. Redburn Atlantic initiated coverage on shares of Ingram Micro in a research note on Monday. They issued a “buy” rating and a $30.00 price objective on the stock. Jefferies Financial Group began coverage on shares of Ingram Micro in a research report on Monday. They set a “buy” rating and a $28.00 target price for the company. Finally, Bank of America started coverage on shares of Ingram Micro in a research report on Monday. They issued a “buy” rating and a $30.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.92.

Ingram Micro Price Performance

Shares of INGM stock opened at $21.47 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.93. Ingram Micro has a 1-year low of $21.25 and a 1-year 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 for the quarter. The company had revenue of $11.76 billion for the quarter. Sell-side analysts expect that Ingram Micro will post 2.79 EPS for the current 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.