Iron Mountain (NYSE:IRM) Stock Rating Lowered by StockNews.com

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.

Iron Mountain (NYSE:IRM – Get Rating) last announced its quarterly earnings results on Thursday, February 23rd. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.46). The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.32 billion. Iron Mountain had a net margin of 11.20% and a return on equity of 88.48%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.74 earnings per share. On average, equities research analysts expect that Iron Mountain will post 3.77 earnings per share for the current fiscal year.

Insider Activity

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

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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.