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

Iron Mountain (NYSE:IRM) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Several other equities analysts have also recently commented on IRM. JPMorgan Chase & Co. increased their target price on Iron Mountain from $121.00 to $138.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Wells Fargo & Company upped their price target on shares of Iron Mountain from $125.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Truist Financial set a $140.00 price objective on shares of Iron Mountain in a research note on Friday, May 1st. Weiss Ratings raised shares of Iron Mountain from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 23rd. Finally, Zacks Research raised shares of Iron Mountain from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Iron Mountain presently has an average rating of “Moderate Buy” and a consensus price target of $134.33.

Iron Mountain Stock Performance

NYSE:IRM opened at $117.13 on Friday. The stock has a market cap of $34.85 billion, a price-to-earnings ratio of 128.71 and a beta of 1.19. Iron Mountain has a one year low of $77.77 and a one year high of $134.68. The business’s 50-day simple moving average is $125.74 and its 200 day simple moving average is $108.19.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.10. Iron Mountain had a negative return on equity of 91.56% and a net margin of 3.76%.The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter last year, the firm earned $1.17 EPS. Iron Mountain’s quarterly 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. On average, equities research analysts predict that Iron Mountain will post 5.4 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Mark Kidd sold 6,000 shares of Iron Mountain stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $126.70, for a total value of $760,200.00. Following the sale, the executive vice president directly owned 113,507 shares in the company, valued at $14,381,336.90. This trade represents a 5.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Walter C. Rakowich sold 757 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $141,250.75. The trade was a 40.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 137,260 shares of company stock worth $17,361,672. 1.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Iron Mountain

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Garton & Associates Financial Advisors LLC acquired a new stake in Iron Mountain in the 4th quarter valued at approximately $25,000. Beaird Harris Wealth Management LLC boosted its position in Iron Mountain by 17,500.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 352 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 350 shares during the period. Dynamic Wealth Strategies LLC bought a new position in shares of Iron Mountain in the first quarter worth $31,000. Johnson Financial Group Inc. bought a new position in shares of Iron Mountain in the third quarter worth $32,000. Finally, Bayban acquired a new position in shares of Iron Mountain during the fourth quarter valued at $33,000. 80.13% of the stock is owned by institutional investors.

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.