Iron Mountain Incorporated (NYSE:IRM) Stock Has Average Price Target of $139.83

Iron Mountain Incorporated (NYSE:IRM) has earned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $139.83.

IRM has been the topic of a number of research analyst reports. Barclays raised their price objective on shares of Iron Mountain from $143.00 to $144.00 and gave the stock an “overweight” rating in a report on Tuesday, September 8th. Weiss Ratings cut Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Wall Street Zen cut Iron Mountain from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Rothschild & Co Redburn started coverage on Iron Mountain in a research note on Monday, September 21st. They issued a “buy” rating and a $132.00 price target on the stock. Finally, Truist Financial boosted their price target on Iron Mountain from $140.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, August 27th.

Iron Mountain Trading Up 1.9%

Shares of IRM stock opened at $115.25 on Friday. The stock has a 50-day moving average price of $115.10 and a 200 day moving average price of $114.47. Iron Mountain has a 12 month low of $77.77 and a 12 month high of $134.68.

Iron Mountain (NYSE:IRM) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.06. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the prior year, the company earned $1.24 earnings per share. The company’s quarterly revenue was up 18.5% on a year-over-year basis. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. Equities analysts forecast that Iron Mountain will post 5.42 EPS for the current fiscal year.

Iron Mountain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Tuesday, September 15th were given a $0.8640 dividend. This represents a $3.46 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, September 15th.

Insider Buying and Selling at Iron Mountain

In other news, EVP Mark Kidd sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $115.60, for a total transaction of $693,600.00. Following the completion of the transaction, the executive vice president directly owned 95,507 shares of the company’s stock, valued at $11,040,609.20. This trade represents a 5.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Meaney sold 38,474 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $110.45, for a total transaction of $4,249,453.30. Following the completion of the transaction, the chief executive officer directly owned 38,474 shares of the company’s stock, valued at approximately $4,249,453.30. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 137,422 shares of company stock worth $15,881,099. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Iron Mountain

Several hedge funds have recently modified their holdings of the stock. RB Capital Management LLC bought a new stake in shares of Iron Mountain during the 2nd quarter valued at about $5,907,000. Canada Pension Plan Investment Board bought a new stake in Iron Mountain in the second quarter worth approximately $3,709,000. Glenview Trust Co bought a new stake in Iron Mountain in the second quarter worth approximately $1,391,000. Sanctuary Advisors LLC bought a new stake in Iron Mountain in the second quarter worth approximately $17,300,000. Finally, Deutsche Bank AG acquired a new position in Iron Mountain in the second quarter valued at approximately $385,129,000. Institutional investors own 80.13% of the company’s stock.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is a global information management and storage company that helps organizations protect, manage and optimize their physical and digital assets. Founded in 1951, the company began as a records storage provider and has expanded into a broader information lifecycle management business.

Its services include records storage and retrieval, information governance, secure shredding and destruction, document scanning, digital transformation, backup and recovery, and data center services.