Short Term Rating on Iron Mountain Incorporated (IRM)

Iron Mountain Incorporated (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 (IRM) : The consensus price target for Iron Mountain Incorporated (IRM) is $40.4 for the short term with a standard deviation of $6.23. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $48, however, the pessimist price target for the company is $34.

For the current week, the company shares have a recommendation consensus of Buy.


Iron Mountain Incorporated (NYSE:IRM): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.50 and $40.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.04. The buying momentum continued till the end and the stock did not give up its gains. It closed at $40.96, notching a gain of 1.61% for the day. The total traded volume was 1,475,513 . The stock had closed at $40.31 on the previous day.

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.

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