Ingram Micro (NYSE:INGM) Earns Buy Rating from Analysts at Loop Capital

Loop Capital started coverage on shares of Ingram Micro (NYSE:INGM) in a report released on Monday, Marketbeat reports. The brokerage issued a buy rating and a $30.00 price target on the stock.

A number of other equities analysts have also weighed in on the company. Royal Bank of Canada assumed coverage on Ingram Micro in a research note on Monday. They issued an “outperform” rating and a $26.00 target price on the stock. Bank of America assumed coverage on shares of Ingram Micro in a research report on Monday. They issued a “buy” rating and a $30.00 price objective on the stock. BNP Paribas began coverage on shares of Ingram Micro in a research report on Monday. They set a “neutral” rating and a $25.00 target price for the company. Redburn Atlantic initiated coverage on shares of Ingram Micro in a report on Monday. They issued a “buy” rating and a $30.00 price target on the stock. Finally, Evercore ISI started 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. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Ingram Micro currently has an average rating of “Moderate Buy” and an average price target of $27.92.

Ingram Micro Price Performance

Shares of Ingram Micro stock opened at $22.70 on Monday. Ingram Micro has a 12-month low of $22.01 and a 12-month high of $25.69.

Ingram Micro (NYSE:INGM) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.72 EPS for the quarter. The firm had revenue of $11.76 billion for 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.