Iron Mountain Incorporated (NYSE:IRM) Stock Has Consensus Target Price of $139.83 According to Brokerages

Shares of Iron Mountain Incorporated (NYSE:IRM) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $139.83.

Several equities research analysts recently commented on IRM shares. Rothschild & Co Redburn initiated coverage on shares of Iron Mountain in a report on Monday, September 21st. They set a “buy” rating and a $132.00 target price on the stock. Truist Financial raised their price target on shares of Iron Mountain from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. Wall Street Zen lowered shares of Iron Mountain from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Wells Fargo & Company increased their price objective on Iron Mountain from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Finally, Weiss Ratings lowered Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th.

Iron Mountain Stock Up 0.1%

Shares of IRM stock opened at $113.50 on Wednesday. Iron Mountain has a twelve month low of $77.77 and a twelve month high of $134.68. The stock’s fifty day simple moving average is $118.80 and its 200 day simple moving average is $119.37. The firm has a market capitalization of $33.79 billion, a P/E ratio of 81.07 and a beta of 1.17.

Iron Mountain (NYSE:IRM) last posted its earnings results on Wednesday, August 5th. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.54 by $0.06. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period last year, the company earned $1.24 earnings per share. The business’s quarterly revenue was up 18.5% on a year-over-year basis. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. As a group, equities research analysts expect that Iron Mountain will post 5.42 EPS for the current fiscal year.

Iron Mountain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th were paid a $0.8640 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $3.46 annualized dividend and a dividend yield of 3.0%. Iron Mountain’s dividend payout ratio is presently 247.14%.

Insider Transactions at Iron Mountain

In other Iron Mountain news, EVP Mark Kidd sold 6,000 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $122.70, for a total transaction of $736,200.00. Following the completion of the sale, the executive vice president owned 101,507 shares of the company’s stock, valued at approximately $12,454,908.90. This represents a 5.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $121.67, for a total transaction of $4,681,131.58. Following the transaction, the chief executive officer owned 38,474 shares of the company’s stock, valued at approximately $4,681,131.58. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 93,948 shares of company stock worth $11,078,046 over the last ninety days. 1.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Iron Mountain

A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in Iron Mountain during the second quarter valued at $4,240,342,000. Norges Bank acquired a new position in shares of Iron Mountain in the 4th quarter valued at about $368,890,000. Legal & General Group Plc acquired a new position in shares of Iron Mountain in the 2nd quarter valued at about $409,843,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Iron Mountain by 29,674.0% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,193,560 shares of the financial services provider’s stock valued at $403,379,000 after purchasing an additional 3,182,834 shares in the last quarter. Finally, Cohen & Steers Inc. grew its stake in Iron Mountain by 20.0% during the fourth 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 during the period. 80.13% of the stock is owned by institutional investors.

Iron Mountain Company Profile

Iron Mountain Incorporated (NYSE: IRM) is a global information management and data center services company. It helps organizations protect, manage and access physical and digital information, including business records, documents, backup media and other critical assets.

The company provides records storage and retrieval, secure shredding and destruction, information governance, digitization, document management and data migration services. Iron Mountain also operates data centers and offers colocation, hybrid cloud and related infrastructure services.