why Iron Mountain Incorporated [IRM] is a Good Choice for Investors After New Price Target of $43.12

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Iron Mountain Incorporated [NYSE: IRM] price surged by 1.32 percent to reach at $0.62. The company report on November 22, 2021 that Iron Mountain to Participate in the 5th Annual Virtual Wells Fargo TMT Summit.

Iron Mountain Incorporated (NYSE: IRM), the global leader in innovative storage and information management services, announced that Barry Hytinen, Executive Vice President and Chief Financial Officer, will participate in a virtual fireside chat at the 5th Annual Virtual Wells Fargo TMT Summit on Tuesday, November 30th at 4:00 pm ET.


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A live webcast will be available under the Investor Relations section of www.ironmountain.com. The link to the webcast is here: Webcast Link.

A sum of 794793 shares traded at recent session while its average daily volume was at 1.52M shares. Iron Mountain Incorporated shares reached a high of $47.55 and dropped to a low of $46.73 until finishing in the latest session at $47.47.

The one-year IRM stock forecast points to a potential downside of -10.09. The average equity rating for IRM stock is currently 2.60, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Iron Mountain Incorporated [IRM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IRM shares is $43.12 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IRM stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Robert W. Baird have made an estimate for Iron Mountain Incorporated shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 02, 2019. While these analysts kept the previous recommendation, BofA/Merrill dropped their target price from $33 to $25. The new note on the price target was released on July 11, 2019, representing the official price target for Iron Mountain Incorporated stock. On April 26, 2019, analysts decreased their price target for IRM shares from 34 to 27.

The Average True Range (ATR) for Iron Mountain Incorporated is set at 1.11, with the Price to Sales ratio for IRM stock in the period of the last 12 months amounting to 3.18. The Price to Book ratio for the last quarter was 14.13, with the Price to Cash per share for the same quarter was set at 0.55.

IRM Stock Performance Analysis:

Iron Mountain Incorporated [IRM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.66. With this latest performance, IRM shares gained by 2.66% in over the last four-week period, additionally plugging by 10.37% over the last 6 months – not to mention a rise of 78.59% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IRM stock in for the last two-week period is set at 54.83, with the RSI for the last a single of trading hit 54.54, and the three-weeks RSI is set at 54.81 for Iron Mountain Incorporated [IRM]. The present Moving Average for the last 50 days of trading for this stock 45.57, while it was recorded at 47.02 for the last single week of trading, and 42.56 for the last 200 days.

Insight into Iron Mountain Incorporated Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Iron Mountain Incorporated [IRM] shares currently have an operating margin of +14.37 and a Gross Margin at +41.90. Iron Mountain Incorporated’s Net Margin is presently recorded at +8.26.

Return on Total Capital for IRM is now 4.89, given the latest momentum, and Return on Invested Capital for the company is 2.96. Return on Equity for this stock inclined to 26.35, with Return on Assets sitting at 2.45. When it comes to the capital structure of this company, Iron Mountain Incorporated [IRM] has a Total Debt to Total Equity ratio set at 968.13. Additionally, IRM Total Debt to Total Capital is recorded at 90.64, with Total Debt to Total Assets ending up at 77.78. Long-Term Debt to Equity for the company is recorded at 929.07, with the Long-Term Debt to Total Capital now at 86.98.

Reflecting on the efficiency of the workforce at the company, Iron Mountain Incorporated [IRM] managed to generate an average of $14,279 per employee. Receivables Turnover for the company is 4.85 with a Total Asset Turnover recorded at a value of 0.30.Iron Mountain Incorporated’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.70.

IRM Stock EPS

With the latest financial reports released by the company, Iron Mountain Incorporated posted 0.31/share EPS, while the average EPS was predicted by analysts to be reported at 0.25/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 24.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for IRM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Iron Mountain Incorporated go to 6.44%.

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Iron Mountain Incorporated [IRM] Insider Position Details

There are presently around $10,975 million, or 80.80% of IRM stock, in the hands of institutional investors. The top three institutional holders of IRM stocks are: VANGUARD GROUP INC with ownership of 48,634,068, which is approximately 0.268% of the company’s market cap and around 0.10% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 32,710,171 shares of the stock with an approximate value of $1.55 billion in IRM stocks shares; and BLACKROCK INC., currently with $1.09 billion in IRM stock with ownership of nearly -1.141% of the company’s market capitalization.

Positions in Iron Mountain Incorporated stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 348 institutional holders increased their position in Iron Mountain Incorporated [NYSE:IRM] by around 11,203,144 shares. Additionally, 285 investors decreased positions by around 9,262,350 shares, while 112 investors held positions by with 210,726,361 shares. The mentioned changes placed institutional holdings at 231,191,855 shares, according to the latest SEC report filing. IRM stock had 72 new institutional investments in for a total of 1,330,037 shares, while 43 institutional investors sold positions of 650,266 shares during the same period.

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