Iron Mountain Hits New 1-Year High at $31.46 (IRM)
Iron Mountain (NYSE:IRM) hit a new 52-week high during trading on Friday , Analyst Ratings.Net reports. The stock traded as high as $31.46 and last traded at $31.45, with a volume of 226,422 shares trading hands. The stock had previously closed at $31.21.
Several analysts have recently commented on the stock. Analysts at Jefferies Group cut their price target on shares of Iron Mountain from $27.00 to $26.00 in a research note on Thursday, May 22nd. They now have a “hold” rating on the stock. Separately, analysts at Piper Jaffray reiterated a “positive” rating on shares of Iron Mountain in a research note on Wednesday, May 14th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Iron Mountain in a research note on Thursday, April 10th. They now have a $29.00 price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $30.80.
The stock’s 50-day moving average is $28.95 and its 200-day moving average is $28.27. The company has a market cap of $6.066 billion and a P/E ratio of 49.94.
Iron Mountain (NYSE:IRM) last announced its earnings results on Thursday, May 1st. The company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. The company had revenue of $770.00 million for the quarter, compared to the consensus estimate of $768.70 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, analysts predict that Iron Mountain will post $1.08 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Stockholders of record on Wednesday, June 25th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Monday, June 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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