Iron Mountain Sees Unusually Large Options Volume (IRM)
Shares of Iron Mountain (NYSE:IRM) saw unusually large options trading on Tuesday. Stock traders bought 15,543 call options on the company, ARN reports. This represents an increase of 1,025% compared to the average volume of 1,382 call options.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Iron Mountain (NYSE:IRM) in a research note to investors on Friday, August 30th. They now have a $28.00 price target on the stock. Separately, analysts at Piper Jaffray Cos. reiterated a “buy” rating on shares of Iron Mountain (NYSE:IRM) in a research note to investors on Thursday, August 29th. They now have a $39.49 price target on the stock. Finally, analysts at Barclays Capital cut their price target on shares of Iron Mountain (NYSE:IRM) from $32.00 to $30.00 in a research note to investors on Thursday, August 29th. They now have an “equal weight” rating on the stock.
Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $36.58.
Iron Mountain (NYSE:IRM) opened at 28.93 on Wednesday. Iron Mountain has a 52-week low of $25.53 and a 52-week high of $39.71. The stock has a 50-day moving average of $27.09 and a 200-day moving average of $31.79. The company has a market cap of $5.529 billion and a price-to-earnings ratio of 43.05.
Iron Mountain (NYSE:IRM) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.02. The company had revenue of $755.00 million for the quarter, compared to the consensus estimate of $763.42 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up .4% on a year-over-year basis. Analysts expect that Iron Mountain will post $1.11 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 15th. Shareholders of record on Wednesday, September 25th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Monday, September 23rd.
Iron Mountain Incorporated (NYSE:IRM) is engaged in storing records, primarily paper documents and data backup media, and provide information management services.
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