Shares of Iron Mountain Inc (NYSE:IRM) have earned an average rating of “Hold” from the ten analysts that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $36.67.
IRM has been the subject of several research reports. ValuEngine upgraded shares of Iron Mountain from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Robert W. Baird set a $34.00 price target on shares of Iron Mountain and gave the company a “hold” rating in a research report on Friday, February 15th. Credit Suisse Group reiterated an “underperform” rating on shares of Iron Mountain in a research report on Tuesday, February 19th. Mitsubishi UFJ Financial Group upped their price target on shares of Iron Mountain to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, February 20th. Finally, Zacks Investment Research downgraded shares of Iron Mountain from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd.
Shares of NYSE:IRM opened at $31.79 on Monday. The company has a market cap of $9.01 billion, a PE ratio of 13.82, a P/E/G ratio of 3.02 and a beta of 0.63. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 4.75. Iron Mountain has a twelve month low of $30.22 and a twelve month high of $37.32.
Iron Mountain (NYSE:IRM) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.05). The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Iron Mountain had a return on equity of 19.61% and a net margin of 8.22%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 EPS. On average, equities research analysts forecast that Iron Mountain will post 2.24 EPS for the current year.
In other Iron Mountain news, CEO William L. Meaney sold 8,621 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $35.28, for a total transaction of $304,148.88. Following the completion of the transaction, the chief executive officer now owns 155,007 shares in the company, valued at approximately $5,468,646.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Stuart B. Brown sold 2,200 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $31.65, for a total transaction of $69,630.00. Following the transaction, the chief financial officer now owns 18,525 shares of the company’s stock, valued at approximately $586,316.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 80,426 shares of company stock valued at $2,882,023. 1.90% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in IRM. Cohen & Steers Inc. raised its position in Iron Mountain by 68.4% during the 4th quarter. Cohen & Steers Inc. now owns 10,970,773 shares of the financial services provider’s stock worth $355,563,000 after buying an additional 4,456,942 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Iron Mountain by 6,329.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,923,848 shares of the financial services provider’s stock worth $127,172,000 after buying an additional 3,862,815 shares during the last quarter. Norges Bank purchased a new position in Iron Mountain during the 4th quarter worth $63,345,000. Deutsche Bank AG raised its position in Iron Mountain by 250.0% during the 4th quarter. Deutsche Bank AG now owns 2,734,846 shares of the financial services provider’s stock worth $88,631,000 after buying an additional 1,953,547 shares during the last quarter. Finally, Stifel Financial Corp raised its position in Iron Mountain by 418.9% during the 4th quarter. Stifel Financial Corp now owns 1,940,923 shares of the financial services provider’s stock worth $62,906,000 after buying an additional 1,566,863 shares during the last quarter. Institutional investors own 87.82% of the company’s stock.
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 85 million square feet across more than 1,400 facilities in approximately 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts.
See Also: What is a Backdoor Roth IRA?
Receive News & Ratings for Iron Mountain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iron Mountain and related companies with MarketBeat.com's FREE daily email newsletter.