At the time of writing, Iron Mountain Inc. [IRM] stock is trading at $75.37, up 0.45%. An important factor to consider is whether the stock is rising or falling in short-term value. The IRM shares have gain 10.87% over the last week, with a monthly amount glided 10.14%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, Iron Mountain Reports Fourth Quarter and Full Year 2023 Results. In a post published today on Yahoo Finance, — Net Income of $29 million; Achieves record quarterly and full year Revenue and Adjusted EBITDA –.
From an analyst’s perspective:
Iron Mountain Inc. [NYSE: IRM] stock has seen the most recent analyst activity on November 07, 2023, when UBS initiated its Sell rating and assigned the stock a price target of $44. Previously, RBC Capital Mkts upgraded its rating to Outperform on August 22, 2023, and elevated its price target to $68. On December 16, 2022, RBC Capital Mkts initiated with a Sector Perform rating and assigned a price target of $58 on the stock. Exane BNP Paribas started tracking the stock assigning a Outperform rating and suggested a price target of $66 on December 14, 2022. Barclays initiated its recommendation with a Overweight and recommended $58 as its price target on June 24, 2022. Stifel upgraded its rating to Buy for this stock on February 25, 2022, and upped its price target to $52. In a note dated August 02, 2019, Robert W. Baird upgraded an Neutral rating on this stock and boosted its target price from $27 to $29.
For the past year, the stock price of Iron Mountain Inc. fluctuated between $48.93 and $75.33. Currently, Wall Street analysts expect the stock to reach $63.5 within the next 12 months. Iron Mountain Inc. [NYSE: IRM] shares were valued at $75.37 at the most recent close of the market. An investor can expect a potential drop of -15.75% based on the average IRM price forecast.
Analyzing the IRM fundamentals
According to Iron Mountain Inc. [NYSE:IRM], the company’s sales were 5.48B for trailing twelve months, which represents an 11.01% jump. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 74.74 points at the first support level, and at 74.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 75.86, and for the 2nd resistance point, it is at 76.35.
Iron Mountain Inc. [IRM] reported earnings per share of $0.52 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.45/share, meaning a difference of $0.07 and a surprise factor of 15.60%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.45 per share as compared to estimates of $0.44 per share, a difference of $0.01 representing a surprise of 2.30%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 4.02, the price to book ratio is 104.03 and price to earnings (TTM) ratio is 120.26.
Transactions by insiders
Recent insider trading involved Meaney William L, President and CEO, that happened on Feb 06 when 15875.0 shares were sold. President and CEO, Meaney William L completed a deal on Feb 05 to sell 15875.0 shares. Meanwhile, EVP, General Counsel, Sec. MARSON DEBORAH sold 2000.0 shares on Feb 01.
