Iron Mountain Incorporated (NYSE:IRM) Receives $134.33 Consensus PT from Brokerages

Iron Mountain Incorporated (NYSE:IRM) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $134.3333.

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Iron Mountain from $121.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Wells Fargo & Company upped their price objective on Iron Mountain from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Zacks Research raised Iron Mountain from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Truist Financial set a $140.00 price target on Iron Mountain in a research note on Friday, May 1st. Finally, Wall Street Zen upgraded shares of Iron Mountain from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th.

Iron Mountain Trading Up 0.9%

Shares of IRM stock opened at $125.34 on Friday. The firm has a market capitalization of $37.29 billion, a P/E ratio of 137.74 and a beta of 1.19. Iron Mountain has a 1 year low of $77.77 and a 1 year high of $134.68. The firm’s fifty day simple moving average is $125.33 and its 200 day simple moving average is $111.75.

Iron Mountain (NYSE:IRM) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.10. Iron Mountain had a net margin of 3.76% and a negative return on equity of 91.56%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the business posted $1.17 earnings per share. The company’s revenue was up 21.5% on a year-over-year basis. Iron Mountain has set its Q2 2026 guidance at 1.400-1.400 EPS and its FY 2026 guidance at 5.790-5.860 EPS. Equities research analysts anticipate that Iron Mountain will post 5.4 EPS for the current fiscal year.

Iron Mountain Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 15th were issued a dividend of $0.864 per share. This represents a $3.46 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Monday, June 15th. Iron Mountain’s payout ratio is currently 379.12%.

Insider Activity

In related news, Director Walter C. Rakowich sold 757 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $124.45, for a total transaction of $94,208.65. Following the transaction, the director directly owned 1,135 shares in the company, valued at approximately $141,250.75. The trade was a 40.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Daniel Borges sold 7,189 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $125.50, for a total transaction of $902,219.50. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 137,260 shares of company stock valued at $17,361,672. Insiders own 1.70% of the company’s stock.

Institutional Trading of Iron Mountain

Several large investors have recently bought and sold shares of IRM. BDFS Capital LLC bought a new stake in Iron Mountain in the 4th quarter valued at about $340,000. Allstate Corp lifted its stake in Iron Mountain by 105.1% in the fourth quarter. Allstate Corp now owns 22,427 shares of the financial services provider’s stock worth $1,860,000 after acquiring an additional 11,492 shares during the period. Pensionfund Sabic bought a new stake in Iron Mountain in the fourth quarter worth $1,559,000. Stevens Capital Management LP bought a new stake in Iron Mountain during the 4th quarter valued at about $1,262,000. Finally, Intact Investment Management Inc. lifted its position in Iron Mountain by 103.4% during the fourth quarter. Intact Investment Management Inc. now owns 71,600 shares of the financial services provider’s stock valued at $5,939,000 after purchasing an additional 36,400 shares during the period. 80.13% of the stock is owned by institutional investors and hedge funds.

Iron Mountain Company Profile

Iron Mountain Incorporated is a global information management company that helps organizations protect, store, and manage their physical and digital information. The firm provides a range of services including secure records storage, document imaging and digitization, secure shredding and destruction, and information governance solutions designed to support regulatory compliance and business continuity. Iron Mountain also offers specialized secure storage environments and logistics for sensitive assets such as art, medical records, and legal archives.

Beyond traditional records management, Iron Mountain has expanded into technology-driven services to support customers’ digital transformation.