Iron Mountain Incorporated (NYSE:IRM) Receives $131.67 Consensus Target Price from Analysts

Iron Mountain Incorporated (NYSE:IRM) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $131.6667.

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. upped their target price on Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Wells Fargo & Company upped their target price on Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Barclays upped their target price on Iron Mountain from $126.00 to $127.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iron Mountain in a research report on Tuesday, April 21st. Finally, Truist Financial set a $140.00 target price on Iron Mountain in a research report on Friday, May 1st.

Iron Mountain News Summary

Here are the key news stories impacting Iron Mountain this week:

• Positive Sentiment: Iron Mountain is being highlighted as a top long-term momentum stock, which can attract trend-following investors and support buying interest. Why Iron Mountain (IRM) is a top momentum stock for the long term
• Positive Sentiment: Chart-focused coverage says IRM remains in an uptrend, with the stock continuing to climb as overall market risk appetite stays firm and the shares outperform peers. Iron Mountain Stock Is Moving Today — Here’s What The Chart Is Signaling
• Positive Sentiment: Iron Mountain is also benefiting from a broader AI-data-center investment theme, with analysts pointing to its exposure to data center spending as a potential growth driver for REIT investors. 3 REITs to Watch as AI Data Center Spending Surpasses Office Construction
• Neutral Sentiment: One article noted the stock could log losses after a six-session rally, suggesting some short-term consolidation risk after the recent run-up. Iron Mountain on track to log losses after six-session rally

Iron Mountain Stock Up 1.5%

Shares of Iron Mountain stock opened at $128.69 on Friday. The stock has a market capitalization of $38.29 billion, a P/E ratio of 141.42 and a beta of 1.20. The stock has a 50 day moving average price of $109.85 and a two-hundred day moving average price of $98.71. Iron Mountain has a 12-month low of $77.77 and a 12-month high of $134.09.

Iron Mountain (NYSE:IRM) last announced its earnings results on Thursday, April 30th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.93. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The company’s revenue was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.17 earnings per share. Iron Mountain has set its Q2 2026 guidance at 1.400-1.400 EPS and its FY 2026 guidance at 5.790-5.860 EPS. Sell-side analysts anticipate that Iron Mountain will post 5.4 earnings per share for the current year.

Iron Mountain Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Monday, June 15th will be issued a dividend of $0.864 per share. The ex-dividend date is Monday, June 15th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 2.7%. Iron Mountain’s payout ratio is 380.22%.

Insiders Place Their Bets

In other news, CEO William L. Meaney sold 137,133 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $109.39, for a total transaction of $15,000,978.87. Following the completion of the transaction, the chief executive officer directly owned 295,975 shares in the company, valued at $32,376,705.25. The trade was a 31.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark Kidd sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $102.71, for a total value of $616,260.00. Following the transaction, the executive vice president owned 125,507 shares of the company’s stock, valued at approximately $12,890,823.97. This trade represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 451,648 shares of company stock valued at $48,297,449 in the last three months. 1.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Iron Mountain by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,904 shares of the financial services provider’s stock valued at $2,573,000 after purchasing an additional 1,286 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Iron Mountain by 10.3% in the first quarter. Empowered Funds LLC now owns 5,728 shares of the financial services provider’s stock valued at $493,000 after purchasing an additional 537 shares in the last quarter. Woodline Partners LP raised its stake in shares of Iron Mountain by 41.0% in the first quarter. Woodline Partners LP now owns 24,742 shares of the financial services provider’s stock valued at $2,129,000 after purchasing an additional 7,193 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Iron Mountain by 29.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,322 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 300 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in shares of Iron Mountain by 3.6% in the second quarter. Cerity Partners LLC now owns 35,292 shares of the financial services provider’s stock valued at $3,620,000 after purchasing an additional 1,222 shares in the last quarter. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Iron Mountain Company Profile

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.