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

Shares of Iron Mountain Incorporated (NYSE:IRM) have been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $143.89.

Several research firms have recently weighed in on IRM. Barclays lifted their target price on shares of Iron Mountain from $143.00 to $144.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 8th. Jefferies Financial Group dropped their price target on shares of Iron Mountain from $147.00 to $135.00 and set a “buy” rating on the stock in a research note on Monday, October 12th. JPMorgan Chase & Co. upped their price target on shares of Iron Mountain from $138.00 to $147.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Wall Street Zen downgraded shares of Iron Mountain from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Finally, Rothschild & Co Redburn initiated coverage on shares of Iron Mountain in a research note on Monday, September 21st. They issued a “buy” rating and a $132.00 price objective for the company.

Insider Activity

In other news, CEO William Meaney sold 38,474 shares of Iron Mountain stock in a transaction on Friday, August 7th. The stock was sold at an average price of $121.67, for a total value of $4,681,131.58. Following the completion of the transaction, the chief executive officer directly owned 38,474 shares in the company, valued at approximately $4,681,131.58. The trade was a 50.00% decrease in their ownership of the stock. 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, EVP Mark Kidd sold 6,000 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $122.70, for a total value of $736,200.00. Following the sale, the executive vice president owned 101,507 shares in the company, valued at approximately $12,454,908.90. The trade was a 5.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 137,422 shares of company stock worth $15,881,099. 1.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Bell Investment Advisors Inc purchased a new stake in Iron Mountain in the second quarter worth $26,000. Meeder Asset Management Inc. purchased a new position in Iron Mountain during the 2nd quarter valued at $27,000. Wellington Altus USA Inc. purchased a new position in Iron Mountain during the 2nd quarter valued at $27,000. Sawyer & Company Inc purchased a new position in Iron Mountain during the 3rd quarter valued at $27,000. Finally, Dynamic Wealth Strategies LLC bought a new position in Iron Mountain in the 1st quarter worth $31,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Iron Mountain Stock Performance

IRM stock opened at $116.58 on Friday. The company has a market capitalization of $34.71 billion, a price-to-earnings ratio of 83.27 and a beta of 1.17. Iron Mountain has a fifty-two week low of $77.77 and a fifty-two week high of $134.68. The stock has a fifty day moving average of $114.67 and a 200-day moving average of $114.89.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.06. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%. The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter last year, the firm posted $1.24 EPS. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. 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. Equities analysts predict that Iron Mountain will post 5.42 EPS for the current year.

Iron Mountain Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th were issued a $0.8640 dividend. This represents a $3.46 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, September 15th. Iron Mountain’s dividend payout ratio (DPR) is presently 247.14%.

Iron Mountain Company Profile

Iron Mountain Incorporated (NYSE: IRM) is a global information management and storage company that helps organizations protect, manage and optimize their physical and digital assets. Founded in 1951, the company began as a records storage provider and has expanded into a broader information lifecycle management business.

Its services include records storage and retrieval, information governance, secure shredding and destruction, document scanning, digital transformation, backup and recovery, and data center services.