Iron Mountain (NYSE:IRM) Rating Increased to Buy at Wall Street Zen

Iron Mountain (NYSE:IRM) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other research firms have also recently issued reports on IRM. Loop Capital set a $130.00 price objective on Iron Mountain in a research report on Wednesday, March 4th. Wells Fargo & Company boosted their price objective on Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Weiss Ratings restated a “hold (c)” rating on shares of Iron Mountain in a research report on Tuesday, April 21st. JPMorgan Chase & Co. boosted their price objective on Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Barclays boosted their price objective on Iron Mountain from $126.00 to $127.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Iron Mountain presently has a consensus rating of “Moderate Buy” and an average target price of $131.67.

Iron Mountain Stock Down 4.2%

Shares of NYSE IRM opened at $124.82 on Friday. The company has a market cap of $37.14 billion, a P/E ratio of 137.16 and a beta of 1.19. Iron Mountain has a 12 month low of $77.77 and a 12 month high of $134.09. The business’s 50 day moving average is $118.50 and its two-hundred day moving average is $102.42.

Iron Mountain (NYSE:IRM) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.10. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.Iron Mountain’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.17 earnings per share. 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. Sell-side analysts expect that Iron Mountain will post 5.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Daniel Borges sold 7,189 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $125.50, for a total value of $902,219.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Pamela M. Arway sold 1,892 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $128.97, for a total value of $244,011.24. Following the completion of the sale, the director directly owned 40,196 shares in the company, valued at approximately $5,184,078.12. This represents a 4.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 202,985 shares of company stock worth $23,452,265 over the last quarter. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of Iron Mountain

Institutional investors have recently bought and sold shares of the stock. Garton & Associates Financial Advisors LLC acquired a new stake in Iron Mountain in the 4th quarter valued at $25,000. Beaird Harris Wealth Management LLC boosted its stake in Iron Mountain by 17,500.0% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 350 shares in the last quarter. Dynamic Wealth Strategies LLC acquired a new position in Iron Mountain in the first quarter worth $31,000. Johnson Financial Group Inc. acquired a new position in Iron Mountain in the third quarter worth $32,000. Finally, Bayban acquired a new position in Iron Mountain in the fourth quarter worth $33,000. Institutional investors and hedge funds own 80.13% of the company’s stock.

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.