Iron Mountain (IRM) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $102.51 to $106.97
• 50-Day Range: $101.62 to $128.14
• 52-Week Range: $64.68 to $130.24
• Volume: 5.70 million shs
• Average Volume: 1.62 million shs
• Market Capitalization: $30.84 billion
• P/E Ratio: 291.95
• Dividend Yield: 2.72%
• Price Target: $131.00
• Consensus Rating: Buy

Iron Mountain Stock Analysis - MarketRank™

Iron Mountain scored higher than 89% of companies evaluated by MarketBeat, and ranked 41st out of 330 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.6 / 5
• Analyst Rating: Buy

Consensus Rating

Iron Mountain has received a consensus rating of Buy. The company's average rating score is 3.14, and is based on 6 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Iron Mountain has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 8.85%

Earnings Growth

Earnings for Iron Mountain are expected to grow by 8.85% in the coming year, from $4.18 to $4.55 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Iron Mountain is 291.95, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 112.72.

Price to Earnings Ratio vs. Sector

The P/E ratio of Iron Mountain is 291.95, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 28.41.

Price to Earnings Growth Ratio

Iron Mountain has a PEG Ratio of 6.77. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Iron Mountain has a P/B Ratio of 143.97. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

2.85% of the outstanding shares of Iron Mountain have been sold short.

Short Interest Ratio / Days to Cover

Iron Mountain has a short interest ratio ("days to cover") of 5.7.

Change versus previous month

Short interest in Iron Mountain has recently increased by 0.24%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Iron Mountain pays a meaningful dividend of 2.81%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Iron Mountain does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Iron Mountain is 794.44%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Iron Mountain will have a dividend payout ratio of 62.86% next year. This indicates that Iron Mountain will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.2 / 5
• Environmental Score: -0.70

Percentage of Shares Shorted

2.85% of the outstanding shares of Iron Mountain have been sold short.

Short Interest Ratio / Days to Cover

Iron Mountain has a short interest ratio ("days to cover") of 5.7.

Change versus previous month

Short interest in Iron Mountain has recently increased by 0.24%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: 1.01

News Sentiment

Iron Mountain has a news sentiment score of 1.01. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Iron Mountain this week, compared to 11 articles on an average week.

Search Interest

Only 27 people have searched for IRM on MarketBeat in the last 30 days. This is a decrease of -4% compared to the previous 30 days.

MarketBeat Follows

Only 9 people have added Iron Mountain to their MarketBeat watchlist in the last 30 days. This is a decrease of -31% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Iron Mountain insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,417,731.00 in company stock.

Percentage Held by Insiders

Only 2.10% of the stock of Iron Mountain is held by insiders.

Percentage Held by Institutions

80.13% of the stock of Iron Mountain is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

IRM Stock Analysis - Frequently Asked Questions

How have IRM shares performed this year?

Iron Mountain's stock was trading at $69.98 at the start of the year. Since then, IRM shares have increased by 50.2% and is now trading at $105.10.
View the best growth stocks for 2024 here.

How were Iron Mountain's earnings last quarter?

Iron Mountain Incorporated (NYSE:IRM) announced its quarterly earnings data on Thursday, August, 1st. The financial services provider reported $0.42 earnings per share for the quarter, missing the consensus estimate of $1.01 by $0.59. The company's revenue for the quarter was up 13.0% on a year-over-year basis.
Read the conference call transcript.

Does Iron Mountain have any subsidiaries?

Iron Mountain subsidiaries include these companies: NxtGen Data Center & Cloud Services, EvoSwitch, IO.com, Bonded Services Group, Fortrust, EAC Invest, Fairfield Fine Art, and more.

Who are Iron Mountain's major shareholders?

Top institutional shareholders of Iron Mountain include State Street Corp (5.65%), Geode Capital Management LLC (2.81%), Charles Schwab Investment Management Inc. (1.15%) and UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC (1.08%). Insiders that own company stock include Barry Hytinen, Deborah Marson, Mark Kidd, Walter C Rakowich, Robin Matlock, Greg W Mcintosh, Wendy J Murdock, Jennifer Allerton, John Tomovcsik, Edward Baker-Greene, Daniel Borges, Deirdre Evens 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.

What other stocks do shareholders of Iron Mountain own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Iron Mountain investors own include Humana (HUM), American Water Works (AWK), Verizon Communications (VZ), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR) and TotalEnergies (TTE).

Company Calendar

• Last Earnings: 8/01/2024
• Ex-Dividend for 10/3 Dividend: 9/16/2024
• Dividend Payable: 10/03/2024
• Ex-Dividend for 1/7 Dividend: 12/16/2024
• Today: 12/22/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/07/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Business Services
• Industry: Real estate investment trusts
• Sub-Industry: Diversified Support Services
• Current Symbol: NYSE:IRM
• CUSIP: 46284610
• CIK: 1020569
• Web: www.ironmountain.com
• Phone: (617) 535-4766
• Fax: 617-350-7881
• Employees: 27,000
• Year Founded: 1951

Price Target and Rating

• Average Stock Price Target: $131.00
• High Stock Price Target: $140.00
• Low Stock Price Target: $120.00
• Potential Upside/Downside: +24.6%
• Consensus Rating: Buy
• Rating Score (0-4): 3.14
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.36
• Trailing P/E Ratio: 291.95
• Forward P/E Ratio: 25.14
• P/E Growth: 6.77
• Net Income: $184.23 million
• Net Margins: 1.77%
• Pretax Margin: 2.65%
• Return on Equity: -44,660.04%
• Return on Assets: 2.94%

Debt

• Debt-to-Equity Ratio: 674.63
• Current Ratio: 0.75
• Quick Ratio: 0.75

Sales & Book Value

• Annual Sales: $5.99 billion
• Price / Sales: 5.15
• Cash Flow: $4.22 per share
• Price / Cash Flow: 24.88
• Book Value: $0.73 per share
• Price / Book: 143.97

Miscellaneous

• Outstanding Shares: 293,460,000
• Free Float: 287,297,000
• Market Cap: $30.84 billion
• Optionable: Optionable
• Beta: 0.98