Iron Mountain Inc. (NYSE:IRM) shares traded 6.81% higher at $109.54 on Wall Street last session.
IRM stock price is now 21.70% away from the 50-day moving average and 45.45% away from the 200-day moving average. The market capitalization of the company currently stands at $32.11B.
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With the price target of $44, UBS recently initiated with Sell rating for Iron Mountain Inc. (NYSE: IRM). On August 22, 2023, RBC Capital Mkts Upgraded its previous ‘Sector Perform’ rating to ‘Outperform’ on the stock increasing its target price from $58 to quote $68, while ‘Exane BNP Paribas’ rates the stock as ‘Outperform’
In other news, Tomovcsik John, Former Officer bought 2,866 shares of the company’s stock on Aug 01 ’24. The stock was bought for $300,930 at an average price of $105.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 16 ’24, EVP, Chief Operating Officer Tomovcsik John sold 2,500 shares of the business’s stock. A total of $250,000 was realized by selling the stock at an average price of $100.00. This leaves the insider owning 17,866 shares of the company worth $1.96 million. A total of 0.84% of the company’s stock is owned by insiders.
During the past 12 months, Iron Mountain Inc. has had a low of $56.51 and a high of $103.41. According to the stock market information, the enterprise value for the company is $47631753216, which is based on a 166.68 price-to-earnings ratio, a 35.46 price-to-earnings-growth ratio, and a beta of 1.00. The fifty day moving average price for IRM is $90.5604 and a two-hundred day moving average price translates $75.5558 for the stock.
The latest earnings results from Iron Mountain Inc. (NYSE: IRM) was released for 2024-03-31. The net profit margin was 3.43% and return on equity was 68.69% for IRM. The company reported revenue of $1.48 billion for the quarter, compared to $1.31 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.36 percent.
