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S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
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Countries Are Investing Heavily Into Securing Energy Independence (Ad)
What is dividend harvesting?
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SoFi expands ETF business with options-driven income fund
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S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
Investing in quantum computing: A guide 
Countries Are Investing Heavily Into Securing Energy Independence (Ad)
What is dividend harvesting?
Marvell Technology at a critical pivot: 30% upside is possible
Countries Are Investing Heavily Into Securing Energy Independence (Ad)
What analysts wanted out of Chewy stock is finally here
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SoFi expands ETF business with options-driven income fund
Federal Trade Commission is investigating ExxonMobil's $60B deal to acquire a Texas oil company

Iron Mountain Stock Price, News & Analysis (NYSE:IRM)

$65.93
-0.27 (-0.41%)
(As of 12/5/2023 ET)
Compare
Today's Range
$65.49
$66.38
50-Day Range
$57.23
$66.20
52-Week Range
$48.92
$66.39
Volume
1.98 million shs
Average Volume
1.46 million shs
Market Capitalization
$19.25 billion
P/E Ratio
69.40
Dividend Yield
3.94%
Price Target
$61.75

Iron Mountain MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
6.3% Downside
$61.75 Price Target
Short Interest
Healthy
3.83% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.70
Upright™ Environmental Score
News Sentiment
1.19mentions of Iron Mountain in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$4.75 M Sold Last Quarter
Proj. Earnings Growth
1.77%
From $3.96 to $4.03 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.20 out of 5 stars

Finance Sector

361st out of 771 stocks

Real Estate Investment Trusts Industry

76th out of 164 stocks


IRM stock logo

About Iron Mountain Stock (NYSE:IRM)

Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management, innovative storage, data center infrastructure, and asset lifecycle management. Founded in 1951 and trusted by more than 225,000 customers worldwide, Iron Mountain serves to protect and elevate the power of our customers' work. Through a range of offerings including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction, and art storage and logistics, Iron Mountain helps businesses bring light to their dark data, enabling customers to unlock value and intelligence from their stored digital and physical assets at speed and with security, while helping them meet their environmental goals.

IRM Stock Price History

IRM Stock News Headlines

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With the green energy transition well underway, lithium demand is rapidly outpacing projected supply. While companies frantically search for new sources of this critical metal, one small company is sitting on a massive claim in North America - So big in fact that it can clearly be seen from space!
Lithium Discovery So BIG You Can't Miss it, Even From Space
With the green energy transition well underway, lithium demand is rapidly outpacing projected supply. While companies frantically search for new sources of this critical metal, one small company is sitting on a massive claim in North America - So big in fact that it can clearly be seen from space!
Iron Mountain Inc IRM
Q3 2023 Iron Mountain Inc Earnings Call
Iron Mountain to Acquire Regency Technologies
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Wells Fargo Remains a Buy on Iron Mountain (IRM)
See More Headlines
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Company Calendar

Last Earnings
2/23/2023
Ex-Dividend for 10/5 Dividend
9/14/2023
Dividend Payable
10/05/2023
Today
12/06/2023
Ex-Dividend for 1/4 Dividend
12/14/2023
Fiscal Year End
12/31/2023
Dividend Payable
1/04/2024
Next Earnings (Estimated)
2/22/2024

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Diversified Support Services
Sector
Finance
CUSIP
46284610
Employees
27,600
Year Founded
1951

Price Target and Rating

Average Stock Price Target
$61.75
High Stock Price Target
$69.00
Low Stock Price Target
$44.00
Potential Upside/Downside
-6.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$556.98 million
Pretax Margin
6.22%

Debt

Sales & Book Value

Annual Sales
$5.34 billion
Cash Flow
$4.40 per share
Book Value
$2.19 per share

Miscellaneous

Free Float
285,566,000
Market Cap
$19.25 billion
Optionable
Optionable
Beta
0.89

Social Links

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Should I Buy Iron Mountain Stock? IRM Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Iron Mountain was last updated on Tuesday, November 28, 2023 at 10:36 PM.

Pros

Here are some ways that investors could benefit from investing in Iron Mountain Incorporated:

  • Strong Financial Performance: Iron Mountain Incorporated has shown consistent growth in its financial performance over the recent periods, indicating a stable and profitable business.
  • Diversified Operations: The company operates in multiple segments, including records management, data management, and secure shredding, which provides diversification and reduces reliance on a single product or service.
  • Increasing Demand for Data Storage: With the exponential growth of digital data, there is a rising demand for secure and reliable data storage solutions. Iron Mountain's expertise in this area positions it well to benefit from this trend.
  • Global Presence: Iron Mountain has a strong global presence, serving customers in various countries. This international reach provides opportunities for expansion and access to diverse markets.
  • Attractive Dividend Yield: Iron Mountain has a history of paying dividends to its shareholders. The current dividend yield is competitive, making it an attractive investment option for income-focused investors.

Cons

Investors should be bearish about investing in Iron Mountain Incorporated for these reasons:

  • Regulatory Risks: The company operates in a highly regulated industry, and changes in regulations or compliance requirements could impact its operations and profitability.
  • Competition: Iron Mountain faces competition from both established players and emerging startups in the data storage and management industry. Intense competition could put pressure on pricing and market share.
  • Dependence on Economic Conditions: Iron Mountain's business performance is influenced by economic conditions. A downturn in the economy could lead to reduced demand for its services and negatively impact its financial results.
  • Technological Disruptions: Rapid advancements in technology could disrupt the traditional data storage and management industry. Iron Mountain needs to continuously innovate and adapt to stay competitive.
  • Environmental Concerns: The company's operations involve the use of physical storage facilities, which can have environmental implications. Increasing focus on sustainability and environmental regulations could pose challenges for Iron Mountain.














IRM Stock Analysis - Frequently Asked Questions

Should I buy or sell Iron Mountain stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Iron Mountain in the last year. There are currently 1 sell rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" IRM shares.
View IRM analyst ratings
or view top-rated stocks.

What is Iron Mountain's stock price target for 2024?

5 brokers have issued twelve-month target prices for Iron Mountain's shares. Their IRM share price targets range from $44.00 to $69.00. On average, they predict the company's stock price to reach $61.75 in the next twelve months. This suggests that the stock has a possible downside of 6.3%.
View analysts price targets for IRM
or view top-rated stocks among Wall Street analysts.

How have IRM shares performed in 2023?

Iron Mountain's stock was trading at $49.85 at the start of the year. Since then, IRM stock has increased by 32.3% and is now trading at $65.93.
View the best growth stocks for 2023 here
.

Are investors shorting Iron Mountain?

Iron Mountain saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 11,190,000 shares, a decline of 6.8% from the October 31st total of 12,000,000 shares. Based on an average daily volume of 1,570,000 shares, the days-to-cover ratio is presently 7.1 days.
View Iron Mountain's Short Interest
.

When is Iron Mountain's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our IRM earnings forecast
.

How were Iron Mountain's earnings last quarter?

Iron Mountain Incorporated (NYSE:IRM) issued its earnings results on Thursday, February, 23rd. The financial services provider reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.89 by $0.46. The financial services provider earned $1.28 billion during the quarter, compared to analysts' expectations of $1.32 billion. Iron Mountain had a net margin of 7.34% and a trailing twelve-month return on equity of 131.56%. Iron Mountain's revenue for the quarter was up 10.3% on a year-over-year basis. During the same period last year, the business earned $0.74 earnings per share.
Read the conference call transcript
.

How often does Iron Mountain pay dividends? What is the dividend yield for Iron Mountain?

Iron Mountain declared a quarterly dividend on Thursday, November 2nd. Investors of record on Friday, December 15th will be paid a dividend of $0.65 per share on Thursday, January 4th. This represents a $2.60 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend is Thursday, December 14th.
Read our dividend analysis for IRM
.

Is Iron Mountain a good dividend stock?

Iron Mountain (NYSE:IRM) pays an annual dividend of $2.60 per share and currently has a dividend yield of 3.97%. IRM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 273.68%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, IRM will have a dividend payout ratio of 64.52% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IRM.

What guidance has Iron Mountain issued on next quarter's earnings?

Iron Mountain updated its FY23 earnings guidance on Thursday, November, 2nd. The company provided EPS guidance of $3.91-4.00 for the period, compared to the consensus estimate of $3.81. The company issued revenue guidance of $5.50-5.60 billion, compared to the consensus revenue estimate of $5.54 billion.

What is William Meaney's approval rating as Iron Mountain's CEO?

459 employees have rated Iron Mountain Chief Executive Officer William Meaney on Glassdoor.com. William Meaney has an approval rating of 62% among the company's employees. This puts William Meaney in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Iron Mountain own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Iron Mountain investors own include Home Depot (HD), AT&T (T), StoneMor (STON), AbbVie (ABBV), Enterprise Products Partners (EPD), Kinder Morgan (KMI), Verizon Communications (VZ), Exxon Mobil (XOM), Altria Group (MO) and Cisco Systems (CSCO).

Who are Iron Mountain's major shareholders?

Iron Mountain's stock is owned by many different retail and institutional investors. Top institutional shareholders include Deutsche Bank AG (1.57%), Deutsche Bank AG (1.57%), Morgan Stanley (1.45%), Northern Trust Corp (1.34%), FMR LLC (1.16%) and Invesco Ltd. (1.11%). Insiders that own company stock include Barry Hytinen, Daniel Borges, Deborah Marson, Deirdre Evens, Edward Baker-Greene, Ernest W Cloutier, Greg W Mcintosh, Jennifer Allerton, John Tomovcsik, Kris Halvorsen, Paul F Deninger, Walter C Rakowich, Wendy J Murdock and William L Meaney.
View institutional ownership trends
.

How do I buy shares of Iron Mountain?

Shares of IRM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

Does Iron Mountain have any subsidiaries?
The following companies are subsidiares of Iron Mountain: AB Archyvu Centras, AB Archyvu Sistemos, AB Archyvu Sistemos Estonia Branch, AS Archivu Serviss, Accutrac Software Inc, ArchivesOne, Archyvu sistemos, Arhiv-Trezor d.o.o., Ausdoc Group Pty Limited, Ausdoc Holdings Pty Limited, Bonded Services (International) B.V., Bonded Services Acquisition Ltd., Bonded Services Group, Bonded Services Group Limited, Bonded Services International Limited, Bonded Services Limited, Box Butler, Britannia Data Management Limited, Capital Vision Holdings SAS, Capital Vision SAS, Connected Corporation, Cornerstone Records Management, Crozier Fine Arts, Crozier Schweiz Ag, Custodia S.O.S. SA, DBJ Limited, DMS Storage s.r.o., DigiGuard, Disaster Recovery Services Limited, Docscan Cape Town Proprietary Limited, Docscan Proprietary Limited, Docu-File JHB Proprietary Limited, DocuTár Iratrendező és Tároló Szolgáltató Kft., DocuVault, Docufile (Pty) Ltd, EAC Invest, Eurospags Investments ApS, EvoSwitch, F.T.S. (Freight Forwarders) Limited, F.T.S. (Great Britain) Limited, F.T.S. (Road Transport) Limited, FTS Bonded Limited, Fairfield Fine Art, File Express Limited, Film Media Services Limited, First International Records Management AG, First International Records Management LLC, Fleet Freight Limited, Fontis International GmbH, Fortrust, G4S Secure Data Solutions Colombia, Glenbeign Records Mangement (GRM) DWC-LLC, Global Logistics Worldwide Limited, Haworth Group Holdings (UK) Limited, Haworth Group Limited, Hays IMS, Helcom Limited, IG2 Data Security, IM Mortgage Solutions LLC, IMI Investments Two Ltd, IMSA Peru SRL, IO.com, Information Storage Consolidation Co, Iron Mountain (Deutschland) Service GmbH, Iron Mountain (España) Services S.L, Iron Mountain (Gibraltar) Holdings Limited, Iron Mountain (Ireland) Services Limited, Iron Mountain (Nederland) Data Centre B.V., Iron Mountain (Nederland) Data Centre Holdings B.V., Iron Mountain (Nederland) Data Centre Services B.V., Iron Mountain (Nederland) Services BV, Iron Mountain (Schweiz) AG, Iron Mountain (UK) Data Centre Limited, Iron Mountain (UK) EES Holdings Limited, Iron Mountain (UK) PLC, Iron Mountain (UK) Services Limited, Iron Mountain A/S, Iron Mountain Acquisition Holdings Pty. Ltd., Iron Mountain Argentina S.A., Iron Mountain Arsivleme Hizmetleri A.S., Iron Mountain Asia Pacific Holdings Ltd, Iron Mountain Asia Pte Limited, Iron Mountain Australia Group Pty. Ltd., Iron Mountain Australia Group Services Pty. Ltd., Iron Mountain Australia Property Holdings Pty Ltd, Iron Mountain Austria Archivierung Gmbh, Iron Mountain BPM SPRL, Iron Mountain Belgium NV, Iron Mountain Bulgaria, Iron Mountain Canada Operations ULC, Iron Mountain Ceska Republika S.R.O., Iron Mountain Chile S.A., Iron Mountain Chile Servicios S.A., Iron Mountain Cloud LLC, Iron Mountain Colombia S.A.S., Iron Mountain Cyprus Limited, Iron Mountain DIMS Limited, Iron Mountain Data Centers LLC, Iron Mountain Data Centers Services LLC, Iron Mountain Data Centre Pte. Limited, Iron Mountain Data Management (Beijing) Co. Ltd., Iron Mountain Data Management (Shanghai) Co. Ltd., Iron Mountain Deutschland GmbH, Iron Mountain Do Brasil Ltda, Iron Mountain Document Holdings Sweden AB, Iron Mountain Document Storage Services LLC, Iron Mountain EES Holdings Ltd., Iron Mountain Enterprises Sdn. Bhd., Iron Mountain Espana SA, Iron Mountain Eswatini (Pty) Ltd, Iron Mountain Europe (Group) Limited, Iron Mountain Europe Ltd., Iron Mountain FZ-LLC, Iron Mountain Finland OY, Iron Mountain France S.A.S., Iron Mountain Fulfillment Services Inc., Iron Mountain Global Holdings Inc., Iron Mountain Global LLC, Iron Mountain Group (Europe) Limited, Iron Mountain Hellas SA, Iron Mountain Holdings (Europe) Limited, Iron Mountain Holdings (France) SNC, Iron Mountain Holdings Sweden AB, Iron Mountain Hong Kong Ltd., Iron Mountain Incorporated, Iron Mountain India Private Ltd, Iron Mountain Information Management LLC, Iron Mountain Information Management Services Canada Inc., Iron Mountain Information Management Services Inc., Iron Mountain Intellectual Property Management Inc., Iron Mountain International (Holdings) Ltd, Iron Mountain International Holdings BV, Iron Mountain Ireland Holdings Limited, Iron Mountain Ireland Limited, Iron Mountain Korea Limited, Iron Mountain Latin America Holdings Sociedad Limitada, Iron Mountain Lesotho (Proprietry) Limited, Iron Mountain Luxembourg Sarl, Iron Mountain Luxembourg Services S.a.r.l., Iron Mountain MDM Limited, Iron Mountain Macau Limited, Iron Mountain Magyarország Kereskedelmi és Szolgáltató Kft., Iron Mountain Management Services GmbH, Iron Mountain Mayflower Limited, Iron Mountain Mexico Holding S. de RL de CV, Iron Mountain Mexico S. de R.L. de C.V., Iron Mountain Mexico Servicios S. de RL de CV, Iron Mountain Mortgage Finance Holdings LLC, Iron Mountain Mortgage Finance I LLC, Iron Mountain Nederland B.V., Iron Mountain Nederland Holdings B.V., Iron Mountain New Zealand Limited, Iron Mountain Norge AS, Iron Mountain Participations SA, Iron Mountain Peru S.A., Iron Mountain Philippines Inc., Iron Mountain Poland Holdings Ltd, Iron Mountain Polska Services Sp z.o.o., Iron Mountain Polska Sp. z.o.o., Iron Mountain Receivables QRS LLC, Iron Mountain Receivables TRS LLC, Iron Mountain Records Management (Puerto Rico) Inc, Iron Mountain Records Management (Shanghai) Co. Ltd., Iron Mountain SRL, Iron Mountain Sdn. Bhd., Iron Mountain Secure Shredding (Pty) Ltd, Iron Mountain Secure Shredding Canada Inc., Iron Mountain Secure Shredding Inc., Iron Mountain Services Private Ltd, Iron Mountain Services S.A.S., Iron Mountain Shanghai Co Ltd, Iron Mountain Singapore Pte. Ltd., Iron Mountain Slovakia s.r.o., Iron Mountain South Africa (Pty) Ltd, Iron Mountain South Africa Holdings (Pty) Ltd, Iron Mountain South Africa Information Management (Pty) Ltd, Iron Mountain South Africa Records Management (Pty) Ltd, Iron Mountain South America Sarl, Iron Mountain Southeast Asia Holdings Limited, Iron Mountain Sweden AB, Iron Mountain Taiwan Ltd., Iron Mountain UK Services (Holdings) Ltd, Iron Mountain US Holdings Inc, Iron Mountain Vietnam Company Limited, Iron Mountain d.o.o. Novi Banovci, Jigsaw Freight Limited, Jigsaw Pieces Limited, Jin Shan Limited, KDM Spectrumdata Pty Ltd, KH Data Capital Development Land LLC, Lane Archives Technologies Corporation, Livevault, Marshgate Morangis Sarl, Mimosa Systems, Nettlebed Acquisition Corp., Novo Group Limited, Novo Holdings Limited, Novo Overseas Limited, NxtGen Data Center & Cloud Services, OEC Records Management Company Private Limited, OSG Records Management (Europe) Limited, OSG Records Management Center LLC, OSG Records Management Centre LLC, OSG Records Management Crypto LLC, OSG Records Management Foreign LLC, OSG Records Management LLC, OSG Records Management LLC (Ukraine), OSG Records Management LLP, OSG Services sp. zoo, Oda International Management Corporation NV, Osrecki d.o.o., PT Iron Mountain Indonesia, Preferred Media Ltd, Prism Integrated Sdn Bhd, Recall, Recall (London) Limited, Recall (Shanghai) Ltd., Recall Europe Finance Ltd., Recall Europe Limited, Recall GQ Ltd, Recall Holdings, Recall Holdings Limited, Recall India Information Management Pvt. Ltd., Recall International Pty Limited, Recall Italy SRL, Recall Limited, Recall Overseas Holdings Pty Limited, Recall Shredding Limited, Recall Technology Pty. Ltd., Recall Total Information Management India Pvt. Ltd., Record Data Limited, Royal Seal S.R.O., SIA RIATech, Saracen Datastore Limited, Shanghai Iron Mountain Data Storage Co. Ltd., Shuttle SRL, Startify, Superior Storage Limited, UAB Confidento, and Xepa Digital.
Read More
This page (NYSE:IRM) was last updated on 12/6/2023 by MarketBeat.com Staff

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