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NYSE:IRM

Iron Mountain (IRM) Stock Price, News & Analysis

$79.65
+1.01 (+1.28%)
(As of 12:10 PM ET)
Today's Range
$77.77
$79.87
50-Day Range
$65.34
$78.64
52-Week Range
$48.94
$79.87
Volume
670,602 shs
Average Volume
1.48 million shs
Market Capitalization
$23.28 billion
P/E Ratio
126.43
Dividend Yield
3.26%
Price Target
$69.40

Iron Mountain MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
12.1% Downside
$69.40 Price Target
Short Interest
Bearish
3.64% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.70
Upright™ Environmental Score
News Sentiment
0.42mentions of Iron Mountain in the last 14 days
Based on 26 Articles This Week
Insider Trading
Selling Shares
$4.47 M Sold Last Quarter
Proj. Earnings Growth
6.60%
From $4.09 to $4.36 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.

3.29 out of 5 stars

Finance Sector

422nd out of 868 stocks

Real Estate Investment Trusts Industry

90th out of 178 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

Americans Now Favor Gold Over Stocks as an Investment Vehicle
Americans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges.
Iron Mountain to Present at Financial Conference
Brokerages Set Iron Mountain Incorporated (NYSE:IRM) PT at $66.75
Iron Mountain: The Generative AI Hype Is Unstoppable
Bezos and Gates Invest in Search for Tech's Best-Kept Secret
Billionaires who've made their fortunes in tech, are quietly investing in essential yet rare elements known as "The Seeds of Technology". Learn more about this massive rare earth treasure hunt and the very elements making emerging technologies possible.
(IRM) - Analyzing Iron Mountain's Short Interest
Iron Mountain (IRM) Declares $0.65 Dividend
Analysts’ Top Real Estate Picks: Ryman (RHP), Iron Mountain (IRM)
Iron Mountain price target raised by $5 at Wells Fargo, here's why
Goldman Sachs Keeps Their Buy Rating on Iron Mountain (IRM)
Q4 2023 Iron Mountain Inc Earnings Call
Decoding Iron Mountain Inc (IRM): A Strategic SWOT Insight
Iron Mountain Q4 AFFO Rises
See More Headlines
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Company Calendar

Ex-Dividend for 1/4 Dividend
12/14/2023
Dividend Payable
1/04/2024
Last Earnings
2/22/2024
Today
3/01/2024
Ex-Dividend for 4/4 Dividend
3/14/2024
Dividend Payable
4/04/2024
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
$69.40
High Stock Price Target
$80.00
Low Stock Price Target
$44.00
Potential Upside/Downside
-12.7%
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
$4.79 per share
Book Value
$0.72 per share

Miscellaneous

Free Float
285,846,000
Market Cap
$23.24 billion
Optionable
Optionable
Beta
0.90

Social Links

12 Stocks Corporate Insiders are Abandoning Cover

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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, February 27, 2024 at 3:04 PM.

Pros

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

  • Iron Mountain has a market capitalization of $20.18 billion, indicating a strong presence in the market.
  • Iron Mountain's stock price has shown resilience, with a 50-day moving average price of $67.30 and a 200-day moving average price of $63.17, suggesting stability.
  • Recent acquisitions by institutional investors like J.P. Morgan Private Wealth Advisors LLC and Exchange Traded Concepts LLC demonstrate confidence in the company's potential.
  • Iron Mountain's diversified services in information management, storage, data center infrastructure, and asset lifecycle management provide a robust revenue stream.
  • Positive analyst ratings and target price upgrades from firms like Stifel Nicolaus and Barclays indicate growth prospects for the company.

Cons

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

  • Iron Mountain's debt-to-equity ratio of 43.97 is relatively high, which may pose risks in terms of financial leverage.
  • The company's price-to-earnings ratio of 72.76 and PEG ratio of 4.36 suggest that the stock may be overvalued compared to industry peers.
  • Iron Mountain's beta of 0.90 indicates moderate volatility compared to the market, potentially leading to fluctuations in stock price.
  • Analyst coverage, such as the "sell" rating from UBS Group, raises concerns about the company's future performance.
  • Competitive challenges in the information management and data center industry could impact Iron Mountain's market position and growth trajectory.














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 twelve months. 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 Wall Street research analysts have issued twelve-month price targets for Iron Mountain's shares. Their IRM share price targets range from $44.00 to $80.00. On average, they expect the company's share price to reach $69.40 in the next year. This suggests that the stock has a possible downside of 12.1%.
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 on January 1st, 2024. Since then, IRM shares have increased by 12.8% and is now trading at $78.91.
View the best growth stocks for 2024 here
.

Are investors shorting Iron Mountain?

Iron Mountain saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 10,640,000 shares, an increase of 5.8% from the January 31st total of 10,060,000 shares. Based on an average trading volume of 1,380,000 shares, the short-interest ratio is presently 7.7 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) released its quarterly earnings results on Thursday, February, 22nd. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.00 by $0.48. The financial services provider had revenue of $1.42 billion for 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 company's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous 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. Shareholders of record on Friday, March 15th will be paid a dividend of $0.65 per share on Thursday, April 4th. This represents a $2.60 annualized dividend and a dividend yield of 3.29%. The ex-dividend date 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 3.45%. 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 59.63% 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 EPS guidance of $4.39-4.51 for the period, compared to the consensus earnings per share 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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (15.85%), Cohen & Steers Inc. (7.70%), Dimensional Fund Advisors LP (1.47%), Capital World Investors (1.41%), Daiwa Securities Group Inc. (1.40%) and Norges Bank (1.12%). 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, Paul F Deninger, 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 3/1/2024 by MarketBeat.com Staff