Barclays Cuts Iron Mountain (NYSE:IRM) Price Target to $130.00

Iron Mountain (NYSE:IRM) had its price objective decreased by research analysts at Barclays from $131.00 to $130.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price indicates a potential upside of 25.20% from the company’s current price.

IRM has been the subject of a number of other reports. Wells Fargo & Company boosted their target price on Iron Mountain from $120.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Royal Bank of Canada upped their target price on Iron Mountain from $135.00 to $139.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, BNP Paribas upgraded shares of Iron Mountain to a “strong-buy” rating in a research note on Wednesday, November 6th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $130.83.

Iron Mountain Stock Down 6.5 %

Iron Mountain stock opened at $103.84 on Tuesday. The company has a market capitalization of $30.47 billion, a PE ratio of 288.44, a PEG ratio of 6.05 and a beta of 1.02. The firm’s fifty day moving average is $110.65 and its 200 day moving average is $112.56. Iron Mountain has a 12-month low of $66.20 and a 12-month high of $130.24.

Insider Activity at Iron Mountain

In other Iron Mountain news, CEO William L. Meaney sold 15,875 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $117.96, for a total value of $1,872,615.00. Following the sale, the chief executive officer now directly owns 295,650 shares in the company, valued at $34,874,874. The trade was a 5.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William L. Meaney sold 69,131 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $104.85, for a total value of $7,248,385.35. The disclosure for this sale can be found here. Insiders have sold 125,016 shares of company stock valued at $13,666,427 over the last ninety days. Corporate insiders own 2.10% of the company’s stock.

Institutional Trading of Iron Mountain

Several hedge funds and other institutional investors have recently modified their holdings of the business. Ashton Thomas Securities LLC bought a new stake in Iron Mountain during the 3rd quarter valued at $31,000. West Branch Capital LLC purchased a new stake in Iron Mountain in the 3rd quarter worth approximately $33,000. Teachers Insurance & Annuity Association of America bought a new position in Iron Mountain in the 3rd quarter valued at $36,000. Dunhill Financial LLC increased its holdings in shares of Iron Mountain by 50.5% in the third quarter. Dunhill Financial LLC now owns 453 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 152 shares during the period. Finally, Oakworth Capital Inc. purchased a new stake in shares of Iron Mountain in the fourth quarter worth $55,000. Institutional investors own 80.13% of the company’s stock.

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.