The stock of Iron Mountain Incorporated (NYSE:IRM) last traded at $56.82, up 1.18% from the previous session.
Data from the available sources indicates that Iron Mountain Incorporated (NYSE:IRM) is covered by 9 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $69.00 and a low of $20.00, we find $63.00. Given the previous closing price of $56.16, this indicates a potential upside of 12.18 percent. IRM stock price is now 3.11% away from the 50-day moving average and 8.71% away from the 200-day moving average. The market capitalization of the company currently stands at $16.37B.
In total, 1 analysts have assigned it a hold rating, and 5 have given it a buy rating. Brokers who have rated the stock have averaged $58.00 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).
In other news, Hytinen Barry, EVP and CFO sold 18,500 shares of the company’s stock on Jun 15. The stock was sold for $1,040,255 at an average price of $56.23. Upon completion of the transaction, the EVP and CFO now directly owns 80,197 shares in the company, valued at $4.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 15, EVP, General Counsel, Sec. MARSON DEBORAH sold 2,000 shares of the business’s stock. A total of $112,460 was realized by selling the stock at an average price of $56.23. This leaves the insider owning 62,026 shares of the company worth $3.52 million. Insiders disposed of 647,209 shares of company stock worth roughly $36.77 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 POINT72 ASSET MANAGEMENT, L.P. during the first quarter worth $5,779,000. EAGLE ASSET MANAGEMENT INC invested $3,023,000 in shares of IRM during the first quarter. In the first quarter, SHELTON CAPITAL MANAGEMENT acquired a new stake in Iron Mountain Incorporated valued at approximately $2,243,000. WESPAC ADVISORS, LLC acquired a new stake in IRM for approximately $2,129,000. CORECAP ADVISORS, LLC purchased a new stake in IRM valued at around $1,667,000 in the second quarter. In total, there are 1,112 active investors with 80.20% ownership of the company’s stock.
With an opening price of $56.74 on Friday morning, Iron Mountain Incorporated (NYSE: IRM) set off the trading day. During the past 12 months, Iron Mountain Incorporated has had a low of $43.28 and a high of $57.53. As of last week, the company has a debt-to-equity ratio of 20.10, a current ratio of 0.80, and a quick ratio of 0.80. According to the stock market information, the enterprise value for the company is $29.71B, which is based on a 28.70 price-to-earnings ratio, a 4.41 price-to-earnings-growth ratio, and a beta of 0.94. The fifty day moving average price for IRM is $55.17 and a two-hundred day moving average price translates $52.29 for the stock.
The latest earnings results from Iron Mountain Incorporated (NYSE: IRM) was released for Mar, 2023. According to the REIT – Specialty Company, earnings per share came in at $0.42, beating analysts’ expectations of $0.35 by 0.07. This compares to $0.14 EPS in the same period last year. The net profit margin was 11.20% and return on equity was 98.30% for IRM. The company reported revenue of $1.31 billion for the quarter, compared to $1.25 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.31 percent. For the current quarter, analysts expect IRM to generate $1.36B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/06/2023. Investors who held shares on 06/15/2023 were paid a $0.6185 dividend. On an annualized basis, this represents a $2.47 dividend and a 4.35% percent yield. There was an ex-dividend date of 06/14/2023 for this dividend. In terms of dividend payout ratio, IRM is presently at 115.30%.
Iron Mountain Incorporated(IRM) Company Profile
Iron Mountain Incorporated (NYSE: IRM) is a global leader in innovative storage, data center infrastructure, asset lifecycle management and information management services. Founded in 1951 and trusted by more than 225,000 customers worldwide, Iron Mountain helps customers CLIMB HIGHER to transform their businesses. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction, and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals.
