Ingram Micro (NYSE:INGM) Now Covered by Analysts at Evercore ISI

Evercore ISI started coverage on shares of Ingram Micro (NYSE:INGM) in a report issued on Monday, Marketbeat reports. The brokerage issued an inline rating and a $27.00 target price on the stock.

Several other research analysts have also recently weighed in on the stock. Northcoast Research assumed coverage on shares of Ingram Micro in a research report on Friday, November 8th. They set a “neutral” rating on the stock. Raymond James assumed coverage on shares of Ingram Micro in a report on Monday. They issued an “outperform” rating and a $28.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ingram Micro currently has a consensus rating of “Moderate Buy” and an average target price of $27.92.

Ingram Micro Price Performance

Ingram Micro stock opened at $22.70 on Monday. Ingram Micro has a 1 year low of $22.01 and a 1 year 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 (EPS) for the quarter. The company 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.