Iron Mountain Incorporated (NYSE:IRM) Stock Has Consensus Target Price of $139.83 According to Brokerages

Shares of Iron Mountain Incorporated (NYSE:IRM) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $139.83.

A number of equities research analysts have issued reports on IRM shares. Wells Fargo & Company upped their target price on Iron Mountain from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Truist Financial lifted their price target on shares of Iron Mountain from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. Weiss Ratings lowered shares of Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Wall Street Zen cut shares of Iron Mountain from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Finally, Rothschild & Co Redburn began coverage on Iron Mountain in a research report on Monday, September 21st. They issued a “buy” rating and a $132.00 price target on the stock.

Insider Buying and Selling at Iron Mountain

In other news, EVP Greg W. Mcintosh sold 5,000 shares of Iron Mountain stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $110.72, for a total transaction of $553,600.00. Following the sale, the executive vice president owned 70,634 shares of the company’s stock, valued at approximately $7,820,596.48. This trade represents a 6.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $110.45, for a total transaction of $4,249,453.30. Following the completion of the sale, the chief executive officer directly owned 38,474 shares in the company, valued at $4,249,453.30. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 137,422 shares of company stock valued at $15,881,099 in the last ninety days. Company insiders own 1.70% of the company’s stock.

Institutional Trading of Iron Mountain

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in Iron Mountain in the second quarter worth about $4,240,342,000. Cohen & Steers Inc. raised its stake in Iron Mountain by 20.0% during the fourth quarter. Cohen & Steers Inc. now owns 18,903,716 shares of the financial services provider’s stock worth $1,568,110,000 after acquiring an additional 3,155,034 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Iron Mountain by 8.5% during the first quarter. Principal Financial Group Inc. now owns 4,566,093 shares of the financial services provider’s stock valued at $466,382,000 after acquiring an additional 358,497 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Iron Mountain by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,552,286 shares of the financial services provider’s stock valued at $464,931,000 after purchasing an additional 122,927 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Iron Mountain in the 4th quarter valued at $368,890,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Iron Mountain Trading Up 3.8%

Iron Mountain stock opened at $116.57 on Wednesday. Iron Mountain has a 1-year low of $77.77 and a 1-year high of $134.68. The firm’s fifty day simple moving average is $118.33 and its 200-day simple moving average is $119.47. The company has a market capitalization of $34.70 billion, a P/E ratio of 83.26 and a beta of 1.17.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.06. The company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.The business’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.24 earnings per share. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. On average, equities research analysts predict that Iron Mountain will post 5.42 earnings per share for the current year.

Iron Mountain Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Tuesday, September 15th were paid a dividend of $0.8640 per share. This represents a $3.46 annualized dividend and a yield of 3.0%. The ex-dividend date was Tuesday, September 15th. Iron Mountain’s dividend payout ratio is presently 247.14%.

Iron Mountain Company Profile

Iron Mountain Incorporated (NYSE: IRM) is a global information management and data center services company. It helps organizations protect, manage and access physical and digital information, including business records, documents, backup media and other critical assets.

The company provides records storage and retrieval, secure shredding and destruction, information governance, digitization, document management and data migration services. Iron Mountain also operates data centers and offers colocation, hybrid cloud and related infrastructure services.