Iron Mountain (NYSE:IRM) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Monday, February 4th.
A number of other analysts also recently issued reports on IRM. Zacks Investment Research downgraded Iron Mountain from a “buy” rating to a “hold” rating in a research report on Friday, December 7th. Barclays lowered their price target on Iron Mountain from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 30th. Finally, Bank of America began coverage on Iron Mountain in a research report on Tuesday, November 20th. They set a “neutral” rating and a $34.00 price target on the stock. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $36.56.
IRM stock opened at $35.78 on Monday. The company has a debt-to-equity ratio of 4.25, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a market cap of $10.25 billion, a price-to-earnings ratio of 15.56, a price-to-earnings-growth ratio of 2.82 and a beta of 0.71. Iron Mountain has a 1-year low of $30.22 and a 1-year high of $37.32.
Iron Mountain (NYSE:IRM) last issued its quarterly earnings results on Thursday, February 14th. The financial services provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.27). The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.06 billion. Iron Mountain had a net margin of 8.60% and a return on equity of 19.30%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 earnings per share. Analysts predict that Iron Mountain will post 2.24 earnings per share for the current year.
In related news, CEO William L. Meaney sold 8,621 shares of the stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $35.28, for a total value of $304,148.88. Following the completion of the sale, the chief executive officer now directly owns 155,007 shares in the company, valued at $5,468,646.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jennifer Allerton sold 3,000 shares of the stock in a transaction dated Tuesday, December 18th. The stock was sold at an average price of $33.75, for a total value of $101,250.00. Following the sale, the director now owns 14,081 shares of the company’s stock, valued at $475,233.75. The disclosure for this sale can be found here. Insiders have sold 42,161 shares of company stock valued at $1,515,798 over the last 90 days. Corporate insiders own 1.60% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Financial Advocates Investment Management boosted its position in shares of Iron Mountain by 178.3% during the 4th quarter. Financial Advocates Investment Management now owns 835 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 535 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Iron Mountain by 3,181.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,009,734 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 978,966 shares in the last quarter. Bremer Trust National Association bought a new position in Iron Mountain in the 4th quarter valued at about $36,000. Dubuque Bank & Trust Co. lifted its position in Iron Mountain by 565.3% in the 4th quarter. Dubuque Bank & Trust Co. now owns 1,171 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 995 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in Iron Mountain by 24.2% in the 4th quarter. Bessemer Group Inc. now owns 1,723 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 336 shares in the last quarter. 87.27% of the stock is currently owned by institutional investors.
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 over 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts.
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