Iron Mountain (NYSE:IRM – Get Rating) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Sunday.
Several other research firms have also weighed in on IRM. Royal Bank of Canada restated a “sector perform” rating and issued a $58.00 target price on shares of Iron Mountain in a report on Monday, March 6th. Barclays upped their price target on Iron Mountain from $56.00 to $64.00 in a report on Friday, May 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $62.00.
Iron Mountain Stock Down 0.6 %
Shares of Iron Mountain stock opened at $55.04 on Friday. The firm has a market cap of $16.05 billion, a price-to-earnings ratio of 27.80, a P/E/G ratio of 3.67 and a beta of 0.91. The company has a debt-to-equity ratio of 19.91, a current ratio of 0.80 and a quick ratio of 0.80. Iron Mountain has a 52-week low of $43.33 and a 52-week high of $57.21. The stock has a 50-day simple moving average of $53.38 and a 200-day simple moving average of $52.86.
In other news, CEO William L. Meaney sold 62,904 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $52.78, for a total transaction of $3,320,073.12. Following the sale, the chief executive officer now directly owns 376,320 shares in the company, valued at $19,862,169.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Iron Mountain news, CEO William L. Meaney sold 17,766 shares of the company’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $52.43, for a total value of $931,471.38. Following the sale, the chief executive officer now directly owns 295,650 shares in the company, valued at $15,500,929.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William L. Meaney sold 62,904 shares of the business’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $52.78, for a total value of $3,320,073.12. Following the completion of the transaction, the chief executive officer now directly owns 376,320 shares in the company, valued at approximately $19,862,169.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 99,771 shares of company stock worth $5,281,872. Company insiders own 2.20% of the company’s stock.
Hedge Funds Weigh In On Iron Mountain
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Compass Wealth Management LLC acquired a new position in shares of Iron Mountain during the fourth quarter valued at $26,000. Prostatis Group LLC acquired a new position in shares of Iron Mountain during the fourth quarter valued at $28,000. BOKF NA acquired a new position in shares of Iron Mountain during the first quarter valued at $31,000. True Wealth Design LLC acquired a new position in Iron Mountain in the fourth quarter valued at about $33,000. Finally, Kalos Management Inc. acquired a new position in Iron Mountain in the first quarter valued at about $36,000. Institutional investors and hedge funds own 77.12% of the company’s stock.
Iron Mountain Company Profile
Iron Mountain, Inc engages in the provision of storage and information management solutions. It operates through the following business segments: North American Records & Information Management Business, North American Data Management Business, Western European Business, Other International Business, Global Data Center Business and Corporate & Other Business.
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