Ingram Micro (NYSE:INGM) Coverage Initiated by Analysts at The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of Ingram Micro (NYSE:INGM) in a research note issued to investors on Monday morning, Marketbeat.com reports. The firm issued a buy rating and a $33.00 price objective on the stock.

Several other research analysts also recently commented on INGM. Royal Bank of Canada assumed coverage on Ingram Micro in a research note on Monday. They issued an “outperform” rating and a $26.00 price objective on the stock. Redburn Atlantic initiated coverage on shares of Ingram Micro in a report on Monday. They issued a “buy” rating and a $30.00 target price for the company. Morgan Stanley initiated coverage on shares of Ingram Micro in a report on Monday. They set an “equal weight” rating and a $24.00 price target on the stock. Stifel Nicolaus started coverage on shares of Ingram Micro in a research note on Monday. They issued a “buy” rating and a $28.00 price objective for the company. Finally, Jefferies Financial Group initiated coverage on shares of Ingram Micro in a research note on Monday. They set a “buy” rating and a $28.00 target price on the stock. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.92.

Ingram Micro Stock Performance

Shares of NYSE:INGM opened at $22.70 on Monday. Ingram Micro has a 52-week low of $22.01 and a 52-week high of $25.69.

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