Shares of Iron Mountain Inc (NYSE:IRM) have earned an average recommendation of “Hold” from the nine analysts that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $29.93.

A number of equities analysts have recently issued reports on the company. Barclays set a $39.00 price target on Iron Mountain and gave the stock a “hold” rating in a research report on Friday, October 11th. ValuEngine raised Iron Mountain from a “sell” rating to a “hold” rating in a research report on Tuesday, November 19th. TheStreet upgraded Iron Mountain from a “c+” rating to a “b-” rating in a research note on Monday, September 9th. Finally, Credit Suisse Group cut their price objective on shares of Iron Mountain from $21.00 to $18.00 and set an “underperform” rating on the stock in a report on Tuesday, November 26th.

Shares of NYSE:IRM traded up $0.25 on Friday, hitting $32.55. 908,210 shares of the company’s stock were exchanged, compared to its average volume of 2,186,003. The business’s 50 day simple moving average is $33.24 and its two-hundred day simple moving average is $31.93. The company has a debt-to-equity ratio of 6.51, a current ratio of 0.66 and a quick ratio of 0.66. Iron Mountain has a 12 month low of $29.28 and a 12 month high of $37.32. The stock has a market capitalization of $9.22 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 3.21 and a beta of 0.50.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.27). The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Iron Mountain had a net margin of 9.14% and a return on equity of 21.57%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.28 EPS. Equities analysts forecast that Iron Mountain will post 2.26 EPS for the current fiscal year.

In other Iron Mountain news, EVP Patrick J. Keddy sold 6,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $33.00, for a total transaction of $198,000.00. Following the sale, the executive vice president now owns 24,114 shares in the company, valued at approximately $795,762. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Wedbush Securities Inc. acquired a new stake in Iron Mountain in the 2nd quarter valued at $227,000. CSat Investment Advisory L.P. lifted its position in shares of Iron Mountain by 110.3% during the second quarter. CSat Investment Advisory L.P. now owns 1,754 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 920 shares in the last quarter. Mathes Company Inc. boosted its stake in shares of Iron Mountain by 46.1% in the third quarter. Mathes Company Inc. now owns 31,850 shares of the financial services provider’s stock valued at $1,032,000 after purchasing an additional 10,050 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Iron Mountain by 17.5% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 104,537 shares of the financial services provider’s stock valued at $3,272,000 after purchasing an additional 15,538 shares during the period. Finally, Diamant Asset Management Inc. grew its holdings in shares of Iron Mountain by 3.5% in the second quarter. Diamant Asset Management Inc. now owns 17,650 shares of the financial services provider’s stock valued at $552,000 after purchasing an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 83.28% 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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Analyst Recommendations for Iron Mountain (NYSE:IRM)

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