Ingram Micro (NYSE:INGM) Coverage Initiated at Jefferies Financial Group

Research analysts at Jefferies Financial Group initiated coverage on shares of Ingram Micro (NYSE:INGM) in a research report issued on Monday, MarketBeat.com reports. The firm set a “buy” rating and a $28.00 price target on the stock. Jefferies Financial Group’s target price indicates a potential upside of 23.08% from the stock’s current price.

INGM has been the topic of several other research reports. Northcoast Research started coverage on Ingram Micro in a research note on Friday, November 8th. They issued a “neutral” rating on the stock. Royal Bank of Canada began coverage on shares of Ingram Micro in a report on Monday. They issued an “outperform” rating and a $26.00 target price on the stock. Raymond James started coverage on shares of Ingram Micro in a research note on Monday. They set an “outperform” rating and a $28.00 price objective on the stock. BNP Paribas started coverage on Ingram Micro in a report on Monday. They issued a “neutral” rating and a $25.00 target price on the stock. Finally, Evercore ISI assumed coverage on Ingram Micro in a research report on Monday. They issued an “inline” rating and a $27.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.45.

Ingram Micro Stock Down 3.1 %

Shares of INGM opened at $22.75 on Monday. Ingram Micro has a 52 week low of $22.25 and a 52 week high of $25.69.

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