Iron Mountain (NYSE:IRM) Stock Rating Lowered by Wall Street Zen

Iron Mountain (NYSE:IRM) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. upped their price target on shares of Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Truist Financial set a $140.00 price objective on shares of Iron Mountain in a research report on Friday, May 1st. Weiss Ratings downgraded shares of Iron Mountain from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, Barclays increased their target price on shares of Iron Mountain from $127.00 to $143.00 and gave the stock an “overweight” rating in a report on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.33.

Iron Mountain Price Performance

Shares of Iron Mountain stock opened at $128.33 on Friday. Iron Mountain has a one year low of $77.77 and a one year high of $134.68. The business’s 50 day simple moving average is $125.31 and its two-hundred day simple moving average is $112.65. The stock has a market capitalization of $38.18 billion, a P/E ratio of 141.03 and a beta of 1.19.

Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.10. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the firm posted $1.17 earnings per share. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. Iron Mountain has set its Q2 2026 guidance at 1.400-1.400 EPS and its FY 2026 guidance at 5.790-5.860 EPS. Sell-side analysts expect that Iron Mountain will post 5.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Daniel Borges sold 7,189 shares of Iron Mountain stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $125.50, for a total value of $902,219.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William L. Meaney sold 38,474 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $122.83, for a total transaction of $4,725,761.42. Following the transaction, the chief executive officer directly owned 38,474 shares in the company, valued at approximately $4,725,761.42. The trade was a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 137,260 shares of company stock valued at $17,361,672 over the last quarter. 1.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Iron Mountain

Institutional investors have recently bought and sold shares of the stock. Garton & Associates Financial Advisors LLC bought a new stake in Iron Mountain during the 4th quarter valued at approximately $25,000. Beaird Harris Wealth Management LLC raised its position in shares of Iron Mountain by 17,500.0% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 350 shares in the last quarter. Dynamic Wealth Strategies LLC purchased a new position in shares of Iron Mountain in the 1st quarter valued at approximately $31,000. Johnson Financial Group Inc. bought a new stake in shares of Iron Mountain during the third quarter valued at approximately $32,000. Finally, Bayban bought a new stake in shares of Iron Mountain during the fourth quarter valued at approximately $33,000. 80.13% of the stock is owned by institutional investors.

About Iron Mountain

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.