Iron Mountain Inc (NYSE:IRM) Q1 2018 Sentiment

July 14, 2018 - By Elena Maslow

Iron Mountain Incorporated (NYSE:IRM) Logo

Sentiment for Iron Mountain Inc (NYSE:IRM)

Iron Mountain Inc (NYSE:IRM) institutional sentiment decreased to 1.17 in Q1 2018. Its down -0.73, from 1.9 in 2017Q4. The ratio worsened, as 196 investment managers increased and started new stock positions, while 168 reduced and sold holdings in Iron Mountain Inc. The investment managers in our partner’s database now possess: 237.82 million shares, down from 245.03 million shares in 2017Q4. Also, the number of investment managers holding Iron Mountain Inc in their top 10 stock positions decreased from 5 to 3 for a decrease of 2. Sold All: 50 Reduced: 118 Increased: 135 New Position: 61.

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 1.44 million 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 earnings per share, 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 earnings per share 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 buy, and 7 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. As per Tuesday, February 20, the company rating was maintained by Stifel Nicolaus. Stifel Nicolaus maintained Iron Mountain Incorporated (NYSE:IRM) on Friday, February 16 with “Buy” rating. Goldman Sachs initiated Iron Mountain Incorporated (NYSE:IRM) rating on Tuesday, March 27. Goldman Sachs has “Buy” rating and $4100 target.

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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