Iron Mountain Incorporated (NYSE:IRM) Stock Has Consensus Target Price of $139.83 According to Brokerages

Shares of Iron Mountain Incorporated (NYSE:IRM) have received an average rating of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $139.83.

Several equities analysts recently commented on IRM shares. Wall Street Zen downgraded shares of Iron Mountain from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Barclays lifted their price objective on shares of Iron Mountain from $143.00 to $144.00 and gave the company an “overweight” rating in a report on Tuesday, September 8th. Rothschild & Co Redburn started coverage on shares of Iron Mountain in a report on Monday, September 21st. They issued a “buy” rating and a $132.00 price target on the stock. Truist Financial raised their price objective on shares of Iron Mountain from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th. Finally, Wells Fargo & Company increased their target price 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.

Iron Mountain Trading Up 2.1%

IRM opened at $113.50 on Wednesday. The firm has a market cap of $33.79 billion, a P/E ratio of 81.07 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 50-day moving average of $118.80 and a 200 day moving average of $119.29.

Iron Mountain (NYSE:IRM) last issued its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.97 billion. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%.The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.24 earnings per share. 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, research analysts forecast that Iron Mountain will post 5.42 earnings per share for the current fiscal year.

Iron Mountain Dividend Announcement

The firm also recently announced 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 was Tuesday, September 15th. This represents a $3.46 dividend on an annualized basis and a dividend yield of 3.0%. Iron Mountain’s dividend payout ratio (DPR) is 247.14%.

Insider Activity at Iron Mountain

In related news, CEO William Meaney sold 38,474 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $114.08, for a total value of $4,389,113.92. Following the completion of the sale, the chief executive officer owned 38,474 shares of the company’s stock, valued at approximately $4,389,113.92. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $115.60, for a total value of $693,600.00. Following the transaction, the executive vice president directly owned 95,507 shares of the company’s stock, valued at $11,040,609.20. The trade was a 5.91% 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. In the last quarter, insiders have sold 93,948 shares of company stock valued at $11,078,046. 1.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IRM. Versant Capital Management Inc boosted its position in Iron Mountain by 8.7% during the third quarter. Versant Capital Management Inc now owns 2,450 shares of the financial services provider’s stock worth $272,000 after acquiring an additional 197 shares during the last quarter. Sarver Vrooman Wealth Advisors acquired a new stake in Iron Mountain in the 3rd quarter valued at about $68,000. QRG Capital Management Inc. raised its holdings in Iron Mountain by 9.7% in the 2nd quarter. QRG Capital Management Inc. now owns 71,225 shares of the financial services provider’s stock valued at $8,996,000 after acquiring an additional 6,273 shares during the last quarter. Andra AP fonden lifted its stake in Iron Mountain by 159.7% in the 2nd quarter. Andra AP fonden now owns 81,952 shares of the financial services provider’s stock worth $10,351,000 after purchasing an additional 50,400 shares in the last quarter. Finally, Wellington Altus USA Inc. purchased a new position in Iron Mountain in the 2nd quarter worth approximately $27,000. Hedge funds and other institutional investors own 80.13% of the company’s stock.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is a global information management and data center services company. It helps organizations protect, manage and access physical and digital information, including business records, documents, backup media and other critical assets.

The company provides records storage and retrieval, secure shredding and destruction, information governance, digitization, document management and data migration services. Iron Mountain also operates data centers and offers colocation, hybrid cloud and related infrastructure services.