Iron Mountain Inc (NYSE:IRM) has been given a consensus recommendation of “Hold” by the nine ratings firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $29.93.
Several equities research analysts have weighed in on IRM shares. Barclays set a $39.00 price target on Iron Mountain and gave the stock a “hold” rating in a report on Friday, October 11th. TheStreet upgraded shares of Iron Mountain from a “c+” rating to a “b-” rating in a research note on Monday, September 9th. Credit Suisse Group reduced their target price on shares of Iron Mountain from $21.00 to $18.00 and set an “underperform” rating for the company in a report on Tuesday, November 26th. Finally, ValuEngine upgraded shares of Iron Mountain from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th.
In other Iron Mountain news, EVP Patrick J. Keddy sold 6,000 shares of Iron Mountain stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $33.00, for a total transaction of $198,000.00. Following the sale, the executive vice president now directly owns 24,114 shares in the company, valued at approximately $795,762. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC raised its holdings in Iron Mountain by 14.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 121,141 shares of the financial services provider’s stock valued at $3,792,000 after acquiring an additional 15,176 shares during the period. Oregon Public Employees Retirement Fund grew its position in Iron Mountain by 2.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 30,451 shares of the financial services provider’s stock valued at $953,000 after purchasing an additional 701 shares during the last quarter. NEXT Financial Group Inc increased its stake in Iron Mountain by 2,261.9% during the 2nd quarter. NEXT Financial Group Inc now owns 1,984 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 1,900 shares in the last quarter. Moors & Cabot Inc. increased its stake in Iron Mountain by 21.2% during the 2nd quarter. Moors & Cabot Inc. now owns 13,372 shares of the financial services provider’s stock valued at $417,000 after purchasing an additional 2,341 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in Iron Mountain by 31.2% in the second quarter. Commonwealth Equity Services LLC now owns 111,729 shares of the financial services provider’s stock worth $3,497,000 after buying an additional 26,584 shares during the last quarter. 83.28% of the stock is owned by institutional investors.
IRM stock traded up $0.25 on Friday, reaching $32.55. The company’s stock had a trading volume of 908,210 shares, compared to its average volume of 2,186,003. The firm has a market cap of $9.22 billion, a PE ratio of 14.15, a PEG ratio of 3.21 and a beta of 0.50. The business has a fifty day simple moving average of $33.24 and a two-hundred day simple moving average of $31.93. Iron Mountain has a 12-month low of $29.28 and a 12-month high of $37.32. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.66 and a current ratio of 0.66.
Iron Mountain (NYSE:IRM) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.27). The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.07 billion. Iron Mountain had a return on equity of 21.57% and a net margin of 9.14%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 earnings per share. As a group, research analysts anticipate that Iron Mountain will post 2.26 earnings per share for the current fiscal year.
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.
Featured Article: 12b-1 Fees
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.