Iron Mountain Incorporated (NYSE:IRM) Receives $134.33 Consensus Price Target from Brokerages

Shares of Iron Mountain Incorporated (NYSE:IRM) have been given an average rating of “Moderate Buy” by the six analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $134.3333.

A number of equities analysts have recently commented on IRM shares. Wall Street Zen raised Iron Mountain from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Truist Financial set a $140.00 price target on shares of Iron Mountain in a research note on Friday, May 1st. Wells Fargo & Company increased their price objective on Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Weiss Ratings cut shares of Iron Mountain from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, July 9th. Finally, JPMorgan Chase & Co. lifted their price target on Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st.

Insider Activity at Iron Mountain

In other Iron Mountain news, Director Pamela M. Arway sold 1,892 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $128.97, for a total transaction of $244,011.24. Following the transaction, the director directly owned 40,196 shares of the company’s stock, valued at approximately $5,184,078.12. The trade was a 4.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Walter C. Rakowich sold 757 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $124.45, for a total transaction of $94,208.65. Following the completion of the sale, the director directly owned 1,135 shares of the company’s stock, valued at approximately $141,250.75. This represents a 40.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 137,260 shares of company stock valued at $17,361,672 over the last 90 days. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Iron Mountain

Hedge funds have recently bought and sold shares of the business. Cohen & Steers Inc. boosted its position in shares of Iron Mountain by 20.0% in the 4th quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider’s stock worth $1,568,110,000 after purchasing an additional 3,155,034 shares in the last quarter. State Street Corp boosted its position in shares of Iron Mountain by 1.9% during the third quarter. State Street Corp now owns 17,131,787 shares of the financial services provider’s stock valued at $1,759,494,000 after buying an additional 322,144 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Iron Mountain by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 8,292,653 shares of the financial services provider’s stock worth $685,374,000 after acquiring an additional 102,073 shares during the period. Invesco Ltd. grew its position in Iron Mountain by 18.1% in the 3rd quarter. Invesco Ltd. now owns 5,066,516 shares of the financial services provider’s stock worth $516,481,000 after purchasing an additional 776,933 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of Iron Mountain by 8.5% in the first quarter. Principal Financial Group Inc. now owns 4,566,093 shares of the financial services provider’s stock worth $466,382,000 after acquiring an additional 358,497 shares during the period. Institutional investors own 80.13% of the company’s stock.

Iron Mountain Stock Performance

Iron Mountain stock opened at $124.74 on Friday. The stock has a market cap of $37.11 billion, a PE ratio of 137.08 and a beta of 1.19. The firm’s 50-day simple moving average is $125.24 and its 200 day simple moving average is $112.34. Iron Mountain has a fifty-two week low of $77.77 and a fifty-two week high of $134.68.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.10. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the business posted $1.17 earnings per share. Iron Mountain’s revenue was up 21.5% on a year-over-year basis. 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. As a group, analysts predict that Iron Mountain will post 5.4 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 15th were given a dividend of $0.864 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $3.46 dividend on an annualized basis and a yield of 2.8%. Iron Mountain’s dividend payout ratio is presently 380.22%.

About Iron Mountain

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.