Iron Mountain (NYSE:IRM) Price Target Raised to $101.00 at The Goldman Sachs Group

Iron Mountain (NYSE:IRM) had its price target hoisted by investment analysts at The Goldman Sachs Group from $89.00 to $101.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 13.13% from the company’s current price.

A number of other equities analysts have also recently weighed in on IRM. Barclays upped their price objective on shares of Iron Mountain from $79.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. Wells Fargo & Company upped their price target on shares of Iron Mountain from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Iron Mountain currently has an average rating of “Moderate Buy” and a consensus price target of $78.33.

Iron Mountain Price Performance

Shares of Iron Mountain stock traded up $0.83 on Thursday, reaching $89.28. The company’s stock had a trading volume of 70,759 shares, compared to its average volume of 1,569,275. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 674.63. The company has a market capitalization of $26.17 billion, a P/E ratio of 135.27, a PEG ratio of 5.25 and a beta of 0.95. The stock has a 50-day moving average price of $81.67 and a 200-day moving average price of $75.66. Iron Mountain has a 52-week low of $54.91 and a 52-week high of $89.91.

Insider Buying and Selling

In other news, EVP Edward Baker-Greene sold 6,200 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $88.35, for a total value of $547,770.00. Following the completion of the sale, the executive vice president now directly owns 11,311 shares in the company, valued at $999,326.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Iron Mountain news, EVP Edward Baker-Greene sold 6,200 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $88.35, for a total transaction of $547,770.00. Following the transaction, the executive vice president now owns 11,311 shares of the company’s stock, valued at $999,326.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Deborah Marson sold 2,000 shares of the firm’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $78.48, for a total value of $156,960.00. Following the completion of the sale, the executive vice president now directly owns 65,286 shares of the company’s stock, valued at $5,123,645.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,511 shares of company stock worth $8,787,218. 2.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Iron Mountain

Several institutional investors and hedge funds have recently bought and sold shares of IRM. Jaffetilchin Investment Partners LLC increased its holdings in shares of Iron Mountain by 1.1% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 11,432 shares of the financial services provider’s stock worth $917,000 after buying an additional 122 shares during the last quarter. Checchi Capital Advisers LLC increased its stake in Iron Mountain by 1.6% during the first quarter. Checchi Capital Advisers LLC now owns 9,097 shares of the financial services provider’s stock worth $730,000 after acquiring an additional 146 shares during the last quarter. Chesley Taft & Associates LLC lifted its stake in shares of Iron Mountain by 1.0% in the 1st quarter. Chesley Taft & Associates LLC now owns 14,650 shares of the financial services provider’s stock valued at $1,175,000 after purchasing an additional 150 shares during the last quarter. Crown Wealth Group LLC grew its holdings in shares of Iron Mountain by 3.5% during the 1st quarter. Crown Wealth Group LLC now owns 4,543 shares of the financial services provider’s stock worth $364,000 after purchasing an additional 153 shares during the period. Finally, Global Retirement Partners LLC increased its position in shares of Iron Mountain by 1.7% during the 4th quarter. Global Retirement Partners LLC now owns 9,216 shares of the financial services provider’s stock worth $612,000 after purchasing an additional 156 shares during the last quarter. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Iron Mountain Company Profile

Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers' work. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals.