Ingram Micro (NYSE:INGM) Now Covered by Analysts at BNP Paribas

BNP Paribas started coverage on shares of Ingram Micro (NYSE:INGM) in a report issued on Monday, Marketbeat Ratings reports. The firm set a “neutral” rating and a $25.00 price target on the stock. BNP Paribas’ target price points to a potential upside of 9.89% from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. Evercore ISI initiated coverage on Ingram Micro in a research report on Monday. They set an “inline” rating and a $27.00 target price on the stock. Northcoast Research began coverage on shares of Ingram Micro in a research report on Friday, November 8th. They set a “neutral” rating on the stock. Raymond James started coverage on Ingram Micro in a research note on Monday. They issued an “outperform” rating and a $28.00 target price for the company. Bank of America initiated coverage on shares of Ingram Micro in a research report on Monday. They set a “buy” rating and a $30.00 price target on the stock. Finally, Royal Bank of Canada initiated coverage on shares of Ingram Micro in a research note on Monday. They issued an “outperform” rating and a $26.00 price target on the stock. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.45.

Ingram Micro Trading Down 3.1 %

NYSE:INGM opened at $22.75 on Monday. Ingram Micro has a 12 month low of $22.25 and a 12 month 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 (EPS) for the quarter. The business had revenue of $11.76 billion for 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.