In a report released today, Shlomo Rosenbaum from Stifel Nicolaus maintained a Buy rating on Iron Mountain (IRM – Research Report), with a price target of $76.00. The company’s shares closed yesterday at $67.89.
Rosenbaum covers the Industrials sector, focusing on stocks such as TransUnion, Vestis Corporation, and Cintas. According to TipRanks, Rosenbaum has an average return of 6.2% and a 58.24% success rate on recommended stocks.
Currently, the analyst consensus on Iron Mountain is a Moderate Buy with an average price target of $69.50, representing a 2.37% upside. In a report released on January 11, RBC Capital also maintained a Buy rating on the stock with a $70.00 price target.
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The company has a one-year high of $70.66 and a one-year low of $47.45. Currently, Iron Mountain has an average volume of 1.48M.
Based on the recent corporate insider activity of 87 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IRM in relation to earlier this year.
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Iron Mountain (IRM) Company Description:
Iron Mountain, Inc. engages in the provision of storage and information management solutions. It operates through the following business segments: North American Records & Information Management Business, North American Data Management Business, Western European Business, Other International Business, Global Data Center Business and Corporate & Other Business. The North American Records & Information Management Business segment offers record management, destruction, and fulfilment services throughout U.S. and Canada. The North American Data Management Business segment handles data protection and recovery, server and computer backup services, and safeguarding of electronic and physical media in U.S. and Canada. The Western European Business segment offers records management, data protection and recovery services, and document management solutions throughout the United Kingdom, Ireland, Austria, Belgium, France, Germany, Netherlands, Spain, and Switzerland. The Other International Business segment offers storage and information management services throughout the remaining European countries, Latin America, the Middle East and Africa. The Global Data Center Business segment provides data center facilities to protect mission-critical assets and ensure the continued operation of its customers IT infrastructures, with secure and reliable colocation and wholesale options. The Corporate & Other Business segment consists of the storage, safeguarding and electronic or physical deliveries of physical media of all types and digital content repository systems to house, distribute, and archive key media assets, primarily for entertainment and media industry clients. The company was founded by Herman Knaust in 1951 and is headquartered in Boston, MA.
