Iron Mountain (NYSE:IRM) was downgraded by investment analysts at TheStreet from a “b-” rating to a “c+” rating in a research report issued on Tuesday, TheStreetRatingsTable reports.
IRM has been the topic of a number of other research reports. Robert W. Baird set a $34.00 price objective on Iron Mountain and gave the stock a “hold” rating in a report on Friday, February 15th. Mitsubishi UFJ Financial Group increased their price objective on Iron Mountain to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, February 20th. Credit Suisse Group restated an “underperform” rating on shares of Iron Mountain in a report on Tuesday, February 19th. ValuEngine downgraded Iron Mountain from a “buy” rating to a “hold” rating in a report on Thursday, February 14th. Finally, Zacks Investment Research downgraded Iron Mountain from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Iron Mountain currently has an average rating of “Hold” and a consensus price target of $35.13.
Shares of IRM opened at $31.79 on Tuesday. Iron Mountain has a fifty-two week low of $30.22 and a fifty-two week high of $37.32. The stock has a market capitalization of $9.01 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 3.02 and a beta of 0.63. The company has a debt-to-equity ratio of 4.75, a quick ratio of 0.80 and a current ratio of 0.80.
Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.05). Iron Mountain had a return on equity of 19.61% and a net margin of 8.22%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the company posted $0.48 EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. On average, sell-side analysts expect that Iron Mountain will post 2.24 EPS for the current fiscal year.
In other Iron Mountain news, Director Clark H. Bailey sold 9,108 shares of the stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $35.16, for a total transaction of $320,237.28. Following the transaction, the director now owns 160,702 shares in the company, valued at $5,650,282.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Stuart B. Brown sold 2,200 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $31.65, for a total value of $69,630.00. Following the transaction, the chief financial officer now owns 18,525 shares in the company, valued at approximately $586,316.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 80,426 shares of company stock worth $2,882,023. Corporate insiders own 1.90% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Baldwin Brothers Inc. MA acquired a new position in Iron Mountain during the first quarter valued at approximately $44,000. JNBA Financial Advisors bought a new stake in shares of Iron Mountain in the fourth quarter valued at approximately $83,000. Dubuque Bank & Trust Co. boosted its position in shares of Iron Mountain by 565.3% in the fourth quarter. Dubuque Bank & Trust Co. now owns 1,171 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 995 shares during the period. BlackRock Inc. boosted its position in shares of Iron Mountain by 1.2% in the fourth quarter. BlackRock Inc. now owns 20,124,142 shares of the financial services provider’s stock valued at $652,224,000 after acquiring an additional 231,023 shares during the period. Finally, Bank of Montreal Can boosted its position in shares of Iron Mountain by 6.6% in the first quarter. Bank of Montreal Can now owns 345,648 shares of the financial services provider’s stock valued at $12,257,000 after acquiring an additional 21,510 shares during the period. Institutional investors own 87.82% of the company’s stock.
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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