Iron Mountain Inc. (NYSE:IRM) has earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the stock. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $45.33.

Several equities research analysts recently issued reports on IRM shares. Piper Jaffray Cos. restated a “buy” rating and set a $44.00 price objective on shares of Iron Mountain in a research report on Friday, June 17th. Zacks Investment Research upgraded shares of Iron Mountain from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Tuesday, June 21st. JPMorgan Chase & Co. raised their price objective on shares of Iron Mountain from $42.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, August 5th. TheStreet cut shares of Iron Mountain from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Finally, Stifel Nicolaus restated a “buy” rating and set a $44.00 price objective on shares of Iron Mountain in a research report on Tuesday, September 13th.

In other Iron Mountain news, Director Walter C. Rakowich sold 1,466 shares of Iron Mountain stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $36.32, for a total transaction of $53,245.12. Following the completion of the sale, the director now directly owns 7,130 shares in the company, valued at $258,961.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Edward Bicks sold 2,773 shares of Iron Mountain stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $36.32, for a total transaction of $100,715.36. Following the sale, the vice president now owns 914 shares of the company’s stock, valued at $33,196.48. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its stake in shares of Iron Mountain by 347.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,629 shares of the company’s stock worth $105,000 after buying an additional 2,041 shares in the last quarter. JNBA Financial Advisors boosted its stake in shares of Iron Mountain by 421.2% in the second quarter. JNBA Financial Advisors now owns 2,653 shares of the company’s stock worth $106,000 after buying an additional 2,144 shares in the last quarter. Point72 Asia Hong Kong Ltd bought a new stake in shares of Iron Mountain during the second quarter worth $116,000. Victory Capital Management Inc. boosted its stake in shares of Iron Mountain by 20.9% in the second quarter. Victory Capital Management Inc. now owns 3,050 shares of the company’s stock worth $121,000 after buying an additional 528 shares in the last quarter. Finally, Mizuho Asset Management Co. Ltd. boosted its stake in shares of Iron Mountain by 256.7% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,421 shares of the company’s stock worth $136,000 after buying an additional 2,462 shares in the last quarter. Institutional investors and hedge funds own 80.81% of the company’s stock.

Shares of Iron Mountain (NYSE:IRM) traded up 0.03% during midday trading on Tuesday, hitting $33.92. 952,199 shares of the stock traded hands. The company has a market cap of $8.93 billion, a price-to-earnings ratio of 96.09 and a beta of 0.70. Iron Mountain has a 52-week low of $23.64 and a 52-week high of $41.50. The stock has a 50-day moving average of $37.13 and a 200-day moving average of $37.24.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.47 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by $0.05. The business earned $883.70 million during the quarter, compared to analysts’ expectations of $884.46 million. Iron Mountain had a return on equity of 26.91% and a net margin of 2.51%. The business’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 earnings per share. On average, equities analysts predict that Iron Mountain will post $2.16 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Monday, September 12th were given a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date of this dividend was Thursday, September 8th. Iron Mountain’s dividend payout ratio is presently 510.54%.

Iron Mountain Company Profile

Iron Mountain Incorporated (Iron Mountain) is engaged in storing records, primarily paper documents and data backup media, and provide information management services. The Company offers records management services, data protection and recovery services and information destruction services. Its information management services are divided into three categories: records management services, data protection and recovery services, and information destruction services.

5 Day Chart for NYSE:IRM

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