In yesterday’s Wall Street session, Iron Mountain Incorporated (NYSE:IRM) shares traded at $49.00, down -3.35% from the previous session.
9 analysts cover Iron Mountain Incorporated (NYSE:IRM), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $68.00 and a low of $20.00, we find $59.00. Given the previous closing price of $50.70, this indicates a potential upside of 16.37 percent. IRM stock price is now -4.78% away from the 50-day moving average and -4.39% away from the 200-day moving average. The market capitalization of the company currently stands at $14.26B.
The stock has received a hold rating from 1 analysts and a buy rating from 5. Brokers who have rated the stock have averaged $55.75 as their price target over the next twelve months.
With the price target of $58, RBC Capital Mkts recently initiated with Sector Perform rating for Iron Mountain Incorporated (NYSE: IRM). On December 14, 2022, Exane BNP Paribas recently initiated its ‘Outperform’ rating on the stock quoting a target price of $66, while ‘Barclays’ rates the stock as ‘Overweight’.
In other news, Meaney William L, President and CEO sold 10,507 shares of the company’s stock on Dec 21. The stock was sold for $531,969 at an average price of $50.63. Upon completion of the transaction, the President and CEO now directly owns 295,650 shares in the company, valued at $14.49 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 20, President and CEO Meaney William L sold 10,507 shares of the business’s stock. A total of $522,933 was realized by selling the stock at an average price of $49.77. This leaves the insider owning 295,650 shares of the company worth $14.49 million. Insiders disposed of 350,743 shares of company stock worth roughly $17.19 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in IRM stock. A new stake in Iron Mountain Incorporated shares was purchased by GREAT WEST LIFE ASSURANCE CO /CAN/ during the first quarter worth $15,612,000. MARSHALL WACE, LLP invested $13,439,000 in shares of IRM during the first quarter. In the first quarter, CAPTRUST FINANCIAL ADVISORS acquired a new stake in Iron Mountain Incorporated valued at approximately $12,922,000. AMALGAMATED FINANCIAL CORP. acquired a new stake in IRM for approximately $5,179,000. TREDJE AP-FONDEN purchased a new stake in IRM valued at around $2,804,000 in the second quarter. In total, there are 1,052 active investors with 80.20% ownership of the company’s stock.
On Wednesday morning Iron Mountain Incorporated (NYSE: IRM) stock kicked off with the opening price of $50.71. During the past 12 months, Iron Mountain Incorporated has had a low of $41.67 and a high of $58.61. As of last week, the company has a debt-to-equity ratio of 19.48, a current ratio of 0.90, and a quick ratio of 0.90. The fifty day moving average price for IRM is $51.46 and a two-hundred day moving average price translates $51.25 for the stock.
The latest earnings results from Iron Mountain Incorporated (NYSE: IRM) was released for Jun, 2022. According to the REIT – Specialty Company, earnings per share came in at $0.46, beating analysts’ expectations of $0.4 by 0.06. This compares to $0.23 EPS in the same period last year. The net profit margin was 10.00% and return on equity was 71.10% for IRM. The company reported revenue of $1.29 billion for the quarter, compared to $1.13 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.87 percent. For the current quarter, analysts expect IRM to generate $1.32B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/05/2023. Investors who held shares on 12/15/2022 were paid a $0.6185 dividend. On an annualized basis, this represents a $2.47 dividend and a 5.05% percent yield. There was an ex-dividend date of 12/14/2022 for this dividend. In terms of dividend payout ratio, IRM is presently at 108.70%.
Iron Mountain Incorporated(IRM) Company Profile
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 90 million square feet across approximately 1,450 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. Providing solutions that include secure records storage, information management, digital transformation, secure destruction, as well as data centers, cloud services and art storage and logistics, Iron Mountain helps customers lower cost and risk, comply with regulations, recover from disaster, and enable a more digital way of working.