Out of 2 analysts covering Iron Mountain Incorporated (NYSE:IRM), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”.
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Shares of Iron Mountain Inc (NYSE:IRM) ended Friday session in red amid volatile trading.
The stock’s 50 day moving average is 39.64 and its 200 day moving average is 34.28. The company’s revenue was up 16.3% compared to the same quarter past year.
Iron Mountain Inc (NYSE:IRM) mean estimate for revenue for the ongoing quarter ending Jun 16 is $884.46M by 4 analysts.
On July 28, 2016 The Board of Directors of Iron Mountain Incorporated (IRM), the storage and information management company, declared a cash dividend of $0.485 Dollars per share on the common stock and Chess Depository Interests (CDIs) of the company, to shareholders of record at the close of business on September 12, 2016. This depreciation has taken its market cap to $8.04B and a price-to-earnings ratio to 55.24. The dividend, totaling an aggregate payment of about $1.0 billion based on the current number of shares outstanding, is conditioned on the consummation of the before reported combination of Lockheed Martin’s realigned Information Systems & Global Solutions business (IS&GS) with Leidos in a Reverse Morris Trust transaction.
The mean price target for the shares of company is at $40.60 while the highest price target suggested by the analysts is $48.00 and low price target is $31.00. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. Stockholders of record on Monday, September 12th will be paid a $0.485 dividend. Nationwide Fund Advisors now owns 57,621 shares of the company’s stock valued at $1,556,000 after buying an additional 1,517 shares in the last quarter. JNBA Financial Advisors increased its stake in shares of Iron Mountain by 421.2% in the second quarter. Franklin Resources Inc. acquired a new position in shares of Iron Mountain during the first quarter worth about $234,000. Zacks Investment Research upgraded shares of Iron Mountain from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Tuesday, June 21st. Stifel Nicolaus raised Iron Mountain from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Monday, April 18th. Iron Mountain Inc makes up approx 0.16% of Highstreet Asset Management’s portfolio.Capital Analysts boosted its stake in IRM in the latest quarter, The investment management firm added 21 additional shares and now holds a total of 2,086 shares of Iron Mountain Inc which is valued at $82,835. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company.
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Iron Mountain Incorporated (Iron Mountain) is engaged in storing records, primarily paper documents and data backup media, and provide information management services. It offers records and information management services and data management services.
