Iron Mountain Incorporated (IRM) Sets New 12-Month High at $40.20

Iron Mountain Incorporated (NYSE:IRM) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $40.20 and last traded at $40.19, with a volume of 520,232 shares traded. The stock had previously closed at $39.87.

Several research analysts have issued reports on IRM shares. Stifel Nicolaus reissued a “buy” rating and set a $40.00 price objective on shares of Iron Mountain in a research report on Friday, June 9th. BidaskClub raised shares of Iron Mountain from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Zacks Investment Research raised shares of Iron Mountain from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Robert W. Baird set a $39.00 price objective on shares of Iron Mountain and gave the stock a “hold” rating in a research report on Friday, August 25th. Finally, Deutsche Bank AG downgraded shares of Iron Mountain from a “hold” rating to a “sell” rating and lowered their price objective for the stock from $41.00 to $30.00 in a research report on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $36.50.

The firm’s 50 day moving average is $37.40 and its 200 day moving average is $35.63. The stock has a market cap of $10.57 billion, a price-to-earnings ratio of 54.84 and a beta of 0.92.

Iron Mountain (NYSE:IRM) last released its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.52 by $0.03. The business had revenue of $950 million during the quarter, compared to analyst estimates of $955.05 million. Iron Mountain had a net margin of 5.14% and a return on equity of 14.46%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 earnings per share. On average, analysts expect that Iron Mountain Incorporated will post $1.18 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $2.20 annualized dividend and a dividend yield of 5.52%. Iron Mountain’s dividend payout ratio is currently 297.30%.

In other news, EVP John Tomovcsik sold 29,450 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $38.00, for a total transaction of $1,119,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in IRM. BlackRock Inc. grew its position in shares of Iron Mountain by 3,761.9% during the first quarter. BlackRock Inc. now owns 18,027,691 shares of the financial services provider’s stock worth $643,048,000 after acquiring an additional 17,560,886 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Iron Mountain by 180.0% during the first quarter. JPMorgan Chase & Co. now owns 1,490,008 shares of the financial services provider’s stock worth $53,149,000 after acquiring an additional 957,896 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Iron Mountain by 245.0% during the first quarter. Victory Capital Management Inc. now owns 1,308,918 shares of the financial services provider’s stock worth $46,689,000 after acquiring an additional 929,555 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Iron Mountain by 2.1% during the first quarter. Vanguard Group Inc. now owns 43,247,671 shares of the financial services provider’s stock worth $1,542,644,000 after acquiring an additional 893,442 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of Iron Mountain by 27.3% during the first quarter. Bank of America Corp DE now owns 4,029,077 shares of the financial services provider’s stock worth $143,718,000 after acquiring an additional 864,016 shares during the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

WARNING: This report was originally posted by BBNS and is owned by of BBNS. If you are reading this report on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The original version of this report can be viewed at https://baseballnewssource.com/markets/iron-mountain-incorporated-irm-sets-new-12-month-high-at-40-20/1605001.html.

Iron Mountain Company Profile

Iron Mountain Incorporated (Iron Mountain) is engaged in storing records, primarily paper documents and data backup media, and provide information management services. The Company offers records management services, data protection and recovery services and information destruction services. Its information management services are divided into three categories: records management services, data protection and recovery services, and information destruction services.

Receive News & Ratings for Iron Mountain Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iron Mountain Incorporated and related companies with our FREE daily email newsletter.

 


Latest News

Bryce Harper Hoping to Return Monday from Knee Injury
Bryce Harper Hoping to Return Monday from Knee Injury
American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?


Leave a Reply

 
© 2006-2017 BBNS.