Iron Mountain Global Inc (NYSE:IRM) Stock Price Down as Sentiment Crashes

July 14, 2018 - By Yee Bell

Iron Mountain Incorporated (NYSE:IRM) Logo

Sentiment for Iron Mountain Global Inc (NYSE:IRM)

Iron Mountain Global Inc (NYSE:IRM) institutional sentiment decreased to 1.16 in 2018 Q1. Its down -0.74, from 1.9 in 2017Q4. The ratio has dropped, as 194 investment managers increased or opened new equity positions, while 167 cut down and sold stakes in Iron Mountain Global Inc. The investment managers in our partner’s database now have: 237.72 million shares, down from 244.93 million shares in 2017Q4. Also, the number of investment managers holding Iron Mountain Global Inc in their top 10 equity positions decreased from 5 to 3 for a decrease of 2. Sold All: 50 Reduced: 117 Increased: 134 New Position: 60.

Iron Mountain Incorporated, a real estate investment trust, provides storage and information management services in North America, Europe, Latin America, Asia Pacific, and Africa. The company has market cap of $10.48 billion. It operates through North American Records and Information Management Business, North American Data Management Business, Western European Business, and Other International Business divisions. It has a 58.44 P/E ratio. The firm provides storage and information management services for physical records and other media, such as microfilm and microfiche, master audio and videotapes, film, X-rays, and blueprints, including healthcare information services, vital records services, and service and courier operations, as well as the collection, handling, disposal of sensitive documents for corporate customers; and information destruction services, information governance and digital solutions, and fulfillment and technology escrow services.

The stock decreased 0.27% or $0.1 during the last trading session, reaching $36.64. About 1.44M shares traded. Iron Mountain Incorporated (NYSE:IRM) has declined 5.96% since July 14, 2017 and is downtrending. It has underperformed by 18.53% the S&P500.

Analysts await Iron Mountain Incorporated (NYSE:IRM) to report earnings on July, 27. They expect $0.52 EPS, down 5.45 % or $0.03 from last year’s $0.55 per share. IRM’s profit will be $148.68 million for 17.62 P/E if the $0.52 EPS becomes a reality. After $0.49 actual EPS reported by Iron Mountain Incorporated for the previous quarter, Wall Street now forecasts 6.12 % EPS growth.

Schooner Capital Corp holds 100% of its portfolio in Iron Mountain Incorporated for 3.31 million shares. Makaira Partners Llc owns 1.82 million shares or 6.79% of their US portfolio. Moreover, Marble Harbor Investment Counsel Llc has 2.27% invested in the company for 348,966 shares. The Connecticut-based Gilman Hill Asset Management Llc has invested 1.78% in the stock. Parnassus Investments Ca, a California-based fund reported 13.32 million shares.

Since January 1, 0001, it had 1 insider purchase, and 7 insider sales for $1.16 million activity.

Iron Mountain Incorporated (NYSE:IRM) Ratings Coverage

Ratings analysis reveals 100% of Iron Mountain Inc’s analysts are positive. Out of 2 Wall Street analysts rating Iron Mountain Inc, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $39 while the high is $4100. The stock’s average target of $40 is 9.17% above today’s ($36.64) share price. IRM was included in 3 notes of analysts from February 16, 2018. The company was maintained on Friday, February 16 by Stifel Nicolaus. The firm earned “Buy” rating on Tuesday, February 20 by Stifel Nicolaus. Goldman Sachs initiated Iron Mountain Incorporated (NYSE:IRM) on Tuesday, March 27 with “Buy” rating.

Another recent and important Iron Mountain Incorporated (NYSE:IRM) news was published by Seekingalpha.com which published an article titled: “Income Investors Need To Take A Close Look At Iron Mountain” on June 28, 2018.

Iron Mountain Incorporated (NYSE:IRM) Ratings Chart

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