Ingram Micro (NYSE:INGM) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Ingram Micro (NYSE:INGM) in a research note published on Monday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $33.00 price objective on the stock.

INGM has been the topic of a number of other research reports. Jefferies Financial Group started coverage on Ingram Micro in a report on Monday. They issued a “buy” rating and a $28.00 price objective on the stock. Bank of America started coverage on shares of Ingram Micro in a report on Monday. They set a “buy” rating and a $30.00 price objective on the stock. Stifel Nicolaus assumed coverage on shares of Ingram Micro in a report on Monday. They issued a “buy” rating and a $28.00 target price for the company. Redburn Atlantic initiated coverage on shares of Ingram Micro in a research report on Monday. They issued a “buy” rating and a $30.00 target price on the stock. Finally, Loop Capital started coverage on shares of Ingram Micro in a research report on Monday. They issued a “buy” rating and a $30.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Ingram Micro has an average rating of “Moderate Buy” and a consensus price target of $27.92.

Ingram Micro Trading Down 1.9 %

Shares of NYSE:INGM opened at $21.47 on Monday. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. Ingram Micro has a fifty-two week low of $21.25 and a fifty-two week high of $25.69.

Ingram Micro (NYSE:INGM) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.72 earnings per share (EPS) for the quarter. The firm had revenue of $11.76 billion for the quarter. As a group, equities research analysts forecast that Ingram Micro will post 2.79 EPS for the current year.

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.