Iron Mountain Hits New 52-Week High at $36.35 (IRM)
Iron Mountain (NYSE:IRM) shares hit a new 52-week high during trading on Tuesday , Analyst Ratings News reports. The company traded as high as $36.35 and last traded at $35.99, with a volume of 540,542 shares trading hands. The stock had previously closed at $35.98.
Several analysts have recently commented on the stock. 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Iron Mountain has an average rating of “Hold” and a consensus price target of $33.33.
The stock has a 50-day moving average of $34.69 and a 200-day moving average of $30.64. The company has a market cap of $6.970 billion and a price-to-earnings ratio of 18.96.
Iron Mountain (NYSE:IRM) last announced its earnings results 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 $1.44 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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