Ingram Micro (NYSE:INGM) Now Covered by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of Ingram Micro (NYSE:INGM) in a report released on Wednesday, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $28.00 price objective on the stock.

Several other research analysts have also recently commented on INGM. Northcoast Research began coverage on shares of Ingram Micro in a report on Friday, November 8th. They set a “neutral” rating for the company. Jefferies Financial Group started coverage on Ingram Micro in a report on Monday, November 18th. They issued a “buy” rating and a $28.00 price objective for the company. Bank of America assumed coverage on Ingram Micro in a report on Monday, November 18th. They set a “buy” rating and a $30.00 target price on the stock. BNP Paribas began coverage on Ingram Micro in a research note on Monday, November 18th. They issued a “neutral” rating and a $25.00 price target for the company. Finally, Redburn Atlantic began coverage on Ingram Micro in a research note on Monday, November 18th. They set a “buy” rating and a $30.00 price objective on the stock. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $27.92.

Ingram Micro Stock Up 2.5 %

Shares of NYSE INGM opened at $22.00 on Wednesday. Ingram Micro has a twelve month low of $21.14 and a twelve month high of $25.69. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.40 and a quick ratio of 0.96.

Ingram Micro (NYSE:INGM) last announced its earnings results on Tuesday, November 12th. The company reported $0.72 EPS for the quarter. The company had revenue of $11.76 billion for the quarter. As a group, sell-side analysts expect that Ingram Micro will post 2.79 EPS for the current fiscal year.

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.