In yesterday’s Wall Street session, Iron Mountain Incorporated (NYSE:IRM) shares traded at $61.78, up 0.62% from the previous session.
As of this writing, 9 analysts cover Iron Mountain Incorporated (NYSE:IRM). 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 $61.40, this indicates a potential upside of 2.61 percent. IRM stock price is now 7.87% away from the 50-day moving average and 15.44% away from the 200-day moving average. The market capitalization of the company currently stands at $18.17B.
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There are 1 analysts who have given it a hold rating, whereas 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, Meaney William L, President and CEO sold 10,507 shares of the company’s stock on Jul 14. The stock was sold for $618,757 at an average price of $58.89. Upon completion of the transaction, the President and CEO now directly owns 295,650 shares in the company, valued at $18.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 13, President and CEO Meaney William L sold 10,507 shares of the business’s stock. A total of $624,641 was realized by selling the stock at an average price of $59.45. This leaves the insider owning 295,650 shares of the company worth $18.27 million. Insiders disposed of 668,965 shares of company stock worth roughly $41.33 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 CHURCHILL MANAGEMENT CORP during the first quarter worth $12,418,000. POINT72 ASSET MANAGEMENT, L.P. invested $6,283,000 in shares of IRM during the first quarter. In the first quarter, COURIER CAPITAL LLC acquired a new stake in Iron Mountain Incorporated valued at approximately $3,299,000. EAGLE ASSET MANAGEMENT INC acquired a new stake in IRM for approximately $3,287,000. SHELTON CAPITAL MANAGEMENT purchased a new stake in IRM valued at around $2,438,000 in the second quarter. In total, there are 1,108 active investors with 80.20% ownership of the company’s stock.
Tuesday morning saw Iron Mountain Incorporated (NYSE: IRM) opened at $61.17. During the past 12 months, Iron Mountain Incorporated has had a low of $43.28 and a high of $62.88. 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 $31.35B, which is based on a 31.20 price-to-earnings ratio, a 5.47 price-to-earnings-growth ratio, and a beta of 0.95. The fifty day moving average price for IRM is $57.41 and a two-hundred day moving average price translates $53.61 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 $1.35B 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 4.00% 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%.
