Iron Mountain Sets New 12-Month High at $36.00 (IRM)
Shares of Iron Mountain (NYSE:IRM) hit a new 52-week high during trading on Thursday , Stock Ratings Network.com reports. The company traded as high as $36.00 and last traded at $35.60, with a volume of 10,059,785 shares traded. The stock had previously closed at $29.77.
A number of research firms have recently commented on IRM. Analysts at Zacks reiterated a “neutral” rating on shares of Iron Mountain in a research note on Thursday. They now have a $31.00 price target on the stock. Separately, 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. Finally, analysts at Piper Jaffray reiterated a “positive” rating on shares of Iron Mountain in a research note on Wednesday, May 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $28.50.
The stock has a 50-day moving average of $30.12 and a 200-day moving average of $28.50. The company has a market cap of $6.836 billion and a price-to-earnings ratio of 47.63. Iron Mountain also was the recipient of unusually large options trading activity on Tuesday. Traders purchased 19,890 call options on the stock. This represents an increase of approximately 943% compared to the typical volume of 1,907 call options.
Iron Mountain (NYSE:IRM) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.26 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Analysts expect that Iron Mountain will post $1.08 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Investors of record on Wednesday, June 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 3.63%. The ex-dividend date of this dividend 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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