Iron Mountain Inc [NYSE: IRM] gained 0.68% on the last trading session, reaching $93.50 price per share at the time.
If compared to the average trading volume of 1.88M shares, IRM reached a trading volume of 4132049 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Iron Mountain Inc [IRM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IRM shares is $117.62 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 1.78. 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.
UBS have made an estimate for Iron Mountain Inc shares, keeping their opinion on the stock as Sell, with their previous recommendation back on November 07, 2023. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price from $58 to $68. The new note on the price target was released on August 22, 2023, representing the official price target for Iron Mountain Inc stock. Previously, the target price had yet another raise to $58, while RBC Capital Mkts analysts kept a Sector Perform rating on IRM stock.
The Average True Range (ATR) for Iron Mountain Inc is set at 3.59, with the Price to Sales ratio for IRM stock in the period of the last 12 months amounting to 4.47.
Trading performance analysis for IRM stock
Iron Mountain Inc [IRM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.98. With this latest performance, IRM shares dropped by -15.70% in over the last four-week period, additionally sinking by -14.63% over the last 6 months – not to mention a rise of 38.06% 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 31.85, with the RSI for the last a single of trading hit 26.82, and the three-weeks RSI is set at 34.95 for Iron Mountain Inc [IRM]. The present Moving Average for the last 50 days of trading for this stock 105.02, while it was recorded at 94.25 for the last single week of trading, and 105.09 for the last 200 days.
Iron Mountain Inc [IRM]: An earnings per share (EPS) analysis
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 Inc go to 7.19%.
An analysis of Institutional ownership at Iron Mountain Inc [IRM]
The top three institutional holders of IRM stocks are: VANGUARD GROUP INC with ownership of 46.64 million shares, which is approximately 15.933%. BLACKROCK INC., holding 27.89 million shares of the stock with an approximate value of $$2.5 billion in IRM stocks shares; and BLACKROCK INC., currently with $$2.07 billion in IRM stock with ownership which is approximately 7.8581%.
