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NYSE:IRM

Iron Mountain (IRM) Stock Price, News & Analysis

$76.26
-0.35 (-0.46%)
(As of 09:39 AM ET)
Today's Range
$75.94
$76.26
50-Day Range
$67.02
$81.38
52-Week Range
$52.05
$82.19
Volume
22,603 shs
Average Volume
1.44 million shs
Market Capitalization
$22.29 billion
P/E Ratio
121.05
Dividend Yield
3.41%
Price Target
$73.80

Iron Mountain MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
3.7% Downside
$73.80 Price Target
Short Interest
Healthy
3.35% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.70
Upright™ Environmental Score
News Sentiment
0.89mentions of Iron Mountain in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$11.48 M Sold Last Quarter
Proj. Earnings Growth
5.77%
From $4.16 to $4.40 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.69 out of 5 stars

Finance Sector

1183rd out of 2,613 stocks

Real Estate Investment Trusts Industry

220th out of 534 stocks

IRM stock logo

About Iron Mountain Stock (NYSE:IRM)

Iron Mountain Incorporated (NYSE: IRM) is a global leader in information management services. Founded in 1951 and trusted by more than 240,000 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

Gold Hits New All-Time Highs
Due to both domestic and global issues, the trajectory of this precious metal could skyrocket in the coming months… Which is why billionaires and Central Banks alike are scooping up gold at record rates!
The 7 Best REITs to Buy in April 2024
Gold Hits New All-Time Highs
Due to both domestic and global issues, the trajectory of this precious metal could skyrocket in the coming months… Which is why billionaires and Central Banks alike are scooping up gold at record rates!
Iron Mountain to Present at Financial Conference
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Ex-Dividend for 4/4 Dividend
3/14/2024
Dividend Payable
4/04/2024
Today
4/12/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Diversified Support Services
CUSIP
46284610
Employees
27,000
Year Founded
1951

Price Target and Rating

Average Stock Price Target
$73.80
High Stock Price Target
$91.00
Low Stock Price Target
$44.00
Potential Upside/Downside
-3.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$184.23 million
Pretax Margin
4.15%

Debt

Sales & Book Value

Annual Sales
$5.48 billion
Cash Flow
$4.60 per share
Book Value
$0.73 per share

Miscellaneous

Free Float
285,846,000
Market Cap
$22.39 billion
Optionable
Optionable
Beta
0.94

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

Pros

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

  • Iron Mountain is a global leader in information management, innovative storage, data center infrastructure, and asset lifecycle management, providing diversified revenue streams and potential for growth.
  • Recent insider selling activities by executives like Mark Kidd and Robin Matlock could indicate confidence in the company's future performance, which may be a positive signal for investors.
  • Iron Mountain's stock price has shown resilience and stability, making it an attractive option for investors seeking consistent returns.
  • The company's strategic partnerships and acquisitions demonstrate a commitment to expanding its market presence and enhancing its service offerings, potentially leading to increased market share and profitability.
  • Iron Mountain's strong institutional investor ownership, with UBS Group AG holding a significant stake, reflects confidence from large financial institutions in the company's long-term prospects.

Cons

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

  • Iron Mountain faces competition in the information management and storage industry, which could lead to pricing pressures and potential margin compression.
  • The company's heavy reliance on institutional investors for ownership may result in increased volatility in its stock price due to large-scale trading activities.
  • Market uncertainties and economic downturns could impact Iron Mountain's business operations and financial performance, posing risks to investor returns.
  • Regulatory changes or data privacy concerns could impose additional compliance costs on Iron Mountain, affecting its profitability and investor confidence.
  • Fluctuations in interest rates or macroeconomic conditions may influence Iron Mountain's borrowing costs and overall financial health, impacting shareholder value.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 6, 2024. Please send any questions or comments about these Iron Mountain pros and cons to contact@marketbeat.com.

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 equities research analysts have issued twelve-month price objectives for Iron Mountain's stock. Their IRM share price targets range from $44.00 to $91.00. On average, they predict the company's stock price to reach $73.80 in the next year. This suggests that the stock has a possible downside of 3.7%.
View analysts price targets for IRM
or view top-rated stocks among Wall Street analysts.

How have IRM shares performed in 2024?

Iron Mountain's stock was trading at $69.98 at the start of the year. Since then, IRM stock has increased by 9.5% and is now trading at $76.61.
View the best growth stocks for 2024 here
.

Are investors shorting Iron Mountain?

Iron Mountain saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 9,800,000 shares, a decline of 6.8% from the March 15th total of 10,520,000 shares. Based on an average daily trading volume, of 1,440,000 shares, the days-to-cover ratio is presently 6.8 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, May 2nd 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, 22nd. The financial services provider reported $0.52 earnings per share for the quarter, missing analysts' consensus estimates of $1.00 by $0.48. The financial services provider earned $1.42 billion during the quarter, compared to analyst estimates of $1.45 billion. Iron Mountain had a net margin of 5.44% and a trailing twelve-month return on equity of 178.02%. The firm's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.98 EPS.
Read the conference call transcript
.

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

Iron Mountain announced a quarterly dividend on Thursday, February 22nd. Stockholders of record on Friday, March 15th will be given a dividend of $0.65 per share on Thursday, April 4th. This represents a $2.60 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Thursday, March 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 3.44%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 412.70%. 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 59.09% 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 FY24 earnings guidance on Thursday, February, 22nd. The company provided earnings per share (EPS) guidance of $4.39-4.51 for the period, compared to the consensus EPS estimate of $4.07. The company issued revenue guidance of $6.00-6.15 billion, compared to the consensus revenue estimate of $6.08 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 a number of institutional and retail investors. Top institutional shareholders include CHURCHILL MANAGEMENT Corp (0.06%), Salem Investment Counselors Inc. (0.03%), EWG Elevate Inc. (0.03%), Woodstock Corp (0.02%), Czech National Bank (0.02%) and Pensionfund Sabic (0.01%). 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, Mark Kidd, Robin Matlock, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 4/12/2024 by MarketBeat.com Staff

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