Iron Mountain Incorporated (NYSE:IRM) Stock Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Analysts rate Iron Mountain “Moderate Buy”: Five of seven covering firms recommend buying the stock, while two maintain hold ratings. The average 12-month price target is $139.83, implying upside from its $109.98 opening price.
• Iron Mountain reported quarterly revenue of $2.03 billion and adjusted earnings of $0.60 per share, exceeding analyst expectations; revenue rose 18.5% year over year. The company issued fiscal 2026 EPS guidance of $5.87–$5.93.
• Insiders sold 137,422 shares worth approximately $15.9 million over the past three months, while institutional investors and hedge funds own 80.13% of the company. Iron Mountain also pays an annualized dividend of $3.46 per share, yielding about 3.1%.

Iron Mountain Incorporated (NYSE:IRM - Get Free Report) has been given an average rating of "Moderate Buy" by the seven research firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $139.83.

Several research firms have commented on IRM. Barclays increased their price target on shares of Iron Mountain from $143.00 to $144.00 and gave the company an "overweight" rating in a research report on Tuesday, September 8th. Truist Financial lifted their price objective on shares of Iron Mountain from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday, August 27th. Wells Fargo & Company boosted their price objective on shares of Iron Mountain from $135.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. Weiss Ratings lowered shares of Iron Mountain from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 25th. Finally, Rothschild & Co Redburn initiated coverage on shares of Iron Mountain in a research report on Monday, September 21st. They set a "buy" rating and a $132.00 target price for the company.

Insider Transactions at Iron Mountain

In other news, EVP Greg McIntosh sold 5,000 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $110.72, for a total transaction of $553,600.00. Following the completion of the sale, the executive vice president owned 70,634 shares in the company, valued at approximately $7,820,596.48. This represents a 6.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark Kidd sold 6,000 shares of the firm's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $122.70, for a total value of $736,200.00. Following the completion of the sale, the executive vice president directly owned 101,507 shares of the company's stock, valued at $12,454,908.90. The trade was a 5.58% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 137,422 shares of company stock valued at $15,881,099. Corporate insiders own 1.70% of the company's stock.

Institutional Investors Weigh In On Iron Mountain

A number of institutional investors have recently modified their holdings of IRM. Bell Investment Advisors Inc purchased a new stake in Iron Mountain in the 2nd quarter worth $26,000. Meeder Asset Management Inc. acquired a new position in Iron Mountain during the second quarter worth $27,000. Wellington Altus USA Inc. purchased a new position in Iron Mountain during the second quarter valued at $27,000. Sawyer & Company Inc acquired a new stake in shares of Iron Mountain in the third quarter valued at about $27,000. Finally, Dynamic Wealth Strategies LLC purchased a new position in Iron Mountain in the 1st quarter valued at about $31,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

Iron Mountain Trading Down 0.6%

IRM opened at $109.98 on Friday. The firm has a market cap of $32.74 billion, a price-to-earnings ratio of 78.55 and a beta of 1.17. Iron Mountain has a 12 month low of $77.77 and a 12 month high of $134.68. The stock has a fifty day moving average price of $115.47 and a 200-day moving average price of $120.42.

Iron Mountain (NYSE:IRM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.06. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter last year, the company earned $1.24 earnings per share. The firm's revenue for the quarter was up 18.5% compared to the same quarter last year. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. On average, equities research analysts forecast that Iron Mountain will post 5.42 EPS for the current year.

Iron Mountain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Tuesday, September 15th were given a dividend of $0.8640 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 3.1%. Iron Mountain's dividend payout ratio is presently 247.14%.

About Iron Mountain

Iron Mountain Incorporated NYSE: IRM is a global information management and storage company that helps organizations protect, manage and optimize their physical and digital assets. Founded in 1951, the company began as a records storage provider and has expanded into a broader information lifecycle management business.

Its services include records storage and retrieval, information governance, secure shredding and destruction, document scanning, digital transformation, backup and recovery, and data center services.

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