Iron Mountain Incorporated (NYSE:IRM) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Iron Mountain has a consensus analyst rating of “Moderate Buy”, with four of six analysts recommending buy and an average 1-year price target of about $131.67.
• The company’s recent quarterly results beat expectations, with EPS of $0.60 versus $0.50 expected and revenue of $1.94 billion topping estimates; management also raised guidance for fiscal 2026.
• Iron Mountain recently declared a quarterly dividend of $0.864 per share, implying an annualized yield of about 2.7%, while insiders have sold shares in recent months and institutional ownership remains high at 80.13%.

Shares of Iron Mountain Incorporated (NYSE:IRM - Get Free Report) have received an average recommendation of "Moderate Buy" from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $131.6667.

A number of equities analysts have recently commented on the company. Loop Capital set a $130.00 price target on Iron Mountain in a report on Wednesday, March 4th. Truist Financial set a $140.00 price target on Iron Mountain in a report on Friday, May 1st. JPMorgan Chase & Co. raised their price target on Iron Mountain from $121.00 to $138.00 and gave the stock an "overweight" rating in a report on Friday, May 1st. Barclays raised their price target on Iron Mountain from $126.00 to $127.00 and gave the stock an "overweight" rating in a report on Monday, February 23rd. Finally, Wells Fargo & Company increased their price objective on Iron Mountain from $125.00 to $135.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 21st.

Insiders Place Their Bets

In other Iron Mountain news, CAO Daniel Borges sold 7,189 shares of the company's stock in a transaction dated 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 can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mithu Bhargava sold 59,725 shares of the company's stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $104.62, for a total value of $6,248,429.50. Following the completion of the transaction, the executive vice president owned 16,054 shares in the company, valued at $1,679,569.48. This represents a 78.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 505,960 shares of company stock worth $55,265,802. 1.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Iron Mountain

A number of institutional investors have recently added to or reduced their stakes in the business. Glenmede Trust Co. NA increased its stake in Iron Mountain by 4.2% in the 1st quarter. Glenmede Trust Co. NA now owns 10,850 shares of the financial services provider's stock worth $1,108,000 after acquiring an additional 442 shares during the last quarter. Essential Partners LLC raised its position in Iron Mountain by 24.4% during the first quarter. Essential Partners LLC now owns 561 shares of the financial services provider's stock valued at $57,000 after purchasing an additional 110 shares in the last quarter. Western Wealth Management LLC purchased a new stake in Iron Mountain during the first quarter valued at about $143,000. Edgestream Partners L.P. purchased a new stake in Iron Mountain during the first quarter valued at about $2,049,000. Finally, Anson Funds Management LP purchased a new stake in Iron Mountain during the first quarter valued at about $4,310,000. 80.13% of the stock is currently owned by institutional investors.

Iron Mountain Price Performance

Iron Mountain stock opened at $127.13 on Thursday. Iron Mountain has a one year low of $77.77 and a one year high of $134.09. The business has a fifty day moving average price of $115.08 and a 200-day moving average price of $101.00. The firm has a market capitalization of $37.82 billion, a P/E ratio of 139.71 and a beta of 1.20.

Iron Mountain (NYSE:IRM - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.60 EPS for the quarter, topping 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 period last year, the company earned $1.17 earnings per share. The business's revenue for the quarter 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. Sell-side analysts expect that Iron Mountain will post 5.4 earnings per share for the current fiscal year.

Iron Mountain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Monday, June 15th will be paid a $0.864 dividend. This represents a $3.46 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, June 15th. Iron Mountain's dividend payout ratio is currently 380.22%.

About Iron Mountain

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.

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