Iron Mountain Given Average Recommendation of “Hold” by Analysts (NYSE:IRM)
Iron Mountain (NYSE:IRM) has been given a consensus rating of “Hold” by the nine analysts that are covering the company, American Banking & Market News reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $32.75.
A number of research firms have recently commented on IRM. Analysts at Robert W. Baird downgraded shares of Iron Mountain from an “outperform” rating to a “neutral” rating in a research note on Friday, July 18th. They now have a $39.00 price target on the stock, down previously from $40.00. Separately, analysts at Barclays raised their price target on shares of Iron Mountain from $25.00 to $35.00 in a research note on Thursday, July 3rd. They now have an “underweight” rating on the stock. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of Iron Mountain in a research note on Monday, June 30th. They set an “overweight” rating on the stock.
Shares of Iron Mountain (NYSE:IRM) opened at 33.51 on Monday. Iron Mountain has a 52 week low of $25.03 and a 52 week high of $36.00. The stock’s 50-day moving average is $33.62 and its 200-day moving average is $29.51. The company has a market cap of $6.432 billion and a price-to-earnings ratio of 54.46.
Iron Mountain (NYSE:IRM) last released its earnings data on Thursday, July 31st. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.06. The company had revenue of $787.00 million for the quarter, compared to the consensus estimate of $774.24 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts predict that Iron Mountain will post $1.43 earnings per share for the current fiscal year.
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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