Iron Mountain Inc (NYSE:IRM) Receives Consensus Rating of “Hold” from Analysts

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Iron Mountain Inc (NYSE:IRM) has received an average recommendation of “Hold” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $36.67.

Several analysts recently weighed in on the stock. Robert W. Baird set a $34.00 target price on shares of Iron Mountain and gave the company a “hold” rating in a report on Friday, February 15th. ValuEngine cut shares of Iron Mountain from a “buy” rating to a “hold” rating in a report on Thursday, February 14th. TheStreet cut shares of Iron Mountain from a “b-” rating to a “c+” rating in a report on Tuesday, May 14th. Zacks Investment Research cut shares of Iron Mountain from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Finally, Mitsubishi UFJ Financial Group raised their target price on shares of Iron Mountain to $37.00 and gave the company a “neutral” rating in a report on Wednesday, February 20th.

In other Iron Mountain news, EVP Ernest W. Cloutier sold 46,014 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $36.41, for a total transaction of $1,675,369.74. Following the sale, the executive vice president now owns 109,757 shares of the company’s stock, valued at $3,996,252.37. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Edward Bicks sold 2,922 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $36.55, for a total transaction of $106,799.10. Following the sale, the senior vice president now directly owns 2,922 shares in the company, valued at approximately $106,799.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 64,326 shares of company stock worth $2,307,436. 1.90% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Bessemer Group Inc. increased its holdings in shares of 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 during the period. Sapience Investments LLC grew its position in Iron Mountain by 0.4% in the 1st quarter. Sapience Investments LLC now owns 91,690 shares of the financial services provider’s stock valued at $3,251,000 after buying an additional 370 shares during the last quarter. American International Group Inc. grew its position in Iron Mountain by 0.4% in the 4th quarter. American International Group Inc. now owns 106,570 shares of the financial services provider’s stock valued at $3,454,000 after buying an additional 372 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its position in Iron Mountain by 0.9% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 43,515 shares of the financial services provider’s stock valued at $1,543,000 after buying an additional 382 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in Iron Mountain by 1.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 31,155 shares of the financial services provider’s stock valued at $1,010,000 after buying an additional 387 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

NYSE:IRM traded down $0.06 during mid-day trading on Friday, hitting $31.62. The stock had a trading volume of 42,268 shares, compared to its average volume of 2,355,560. The stock has a market cap of $9.08 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 3.00 and a beta of 0.64. Iron Mountain has a twelve month low of $30.22 and a twelve month high of $37.32. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 4.75.

Iron Mountain (NYSE:IRM) last issued its earnings results on Thursday, April 25th. The financial services provider reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.05). The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.06 billion. Iron Mountain had a net margin of 8.22% and a return on equity of 19.61%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the business earned $0.48 EPS. On average, equities analysts anticipate that Iron Mountain will post 2.24 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Monday, June 17th will be issued a dividend of $0.611 per share. The ex-dividend date is Friday, June 14th. This represents a $2.44 dividend on an annualized basis and a yield of 7.73%. Iron Mountain’s payout ratio is currently 106.09%.

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 approximately 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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Analyst Recommendations for Iron Mountain (NYSE:IRM)

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