Analyst Rating Update on Iron Mountain Incorporated (IRM)

Iron Mountain Incorporated (NYSE:IRM) has an average broker rating of 2.2, which is interpreted as a Buy, as rated by 5 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Iron Mountain Incorporated (NYSE:IRM) : The most positive equity analysts on Iron Mountain Incorporated (NYSE:IRM) expects the shares to touch $44, whereas, the least positive believes that the stock will trade at $34 in the short term. The company is covered by 5 Wall Street Brokerage Firms. The average price target for shares are $39.6 with an expected fluctuation of $5.18 from the mean.

For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm Stifel Nicolaus upgrades its rating on Iron Mountain Incorporated (NYSE:IRM). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on April 18, 2016.

Iron Mountain Incorporated (NYSE:IRM): stock turned positive on Tuesday. Though the stock opened at $38.24, the bulls momentum made the stock top out at $38.72 level for the day. The stock recorded a low of $38.18 and closed the trading day at $38.57, in the green by 1.55%. The total traded volume for the day was 1,861,950. The stock had closed at $37.98 in the previous days trading.

In an insider trading activity, Duale Marc A, officer (President, Iron Mountain Intl) of Iron Mountain Inc, unloaded 29,102 shares at an average price of $38.25 on June 20, 2016. The total amount of the transaction was worth $1,113,152, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Iron Mountain Inc. is a holding company, which stores records, primarily paper documents and data backup media, and provide information management services. The Company has five segments: North American Records and Information Management Business, North American Data Management Business, Western European Business, Other International Business and Corporate and Other Business. It offers records and information management services, and data management services. Its customer base includes commercial, legal, banking, healthcare, accounting, insurance, entertainment and government organizations. As of December 31, 2014, the Companys courier fleet consisted of approximately 3,600 owned or leased vehicles. Its other services include secure shredding, document management solutions (DMS), compliant records management and consulting services, health information storage and management solutions, entertainment services, energy data services, discovery services and other ancillary services.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.