Now Is A Suitable Moment For A Long-Term Purchase Of Iron Mountain Inc. (NYSE: IRM)

Currently, there are 292.14M common shares owned by the public and among those 290.61M shares have been available to trade.

The company’s stock has a 5-day price change of 1.24% and 9.80% over the past three months. IRM shares are trading 26.98% year to date (YTD), with the 12-month market performance up to 59.98% higher. It has a 12-month low price of $53.73 and touched a high of $89.91 over the same period. IRM has an average intraday trading volume of 1.34 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.00%, 10.74%, and 25.91% respectively.

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Institutional ownership of Iron Mountain Inc. (NYSE: IRM) shares accounts for 82.23% of the company’s 292.14M shares outstanding.

It has a market capitalization of $26.05B and a beta (3y monthly) value of 1.00. The stock’s trailing 12-month PE ratio is 135.21, while the earnings-per-share (ttm) stands at $0.66. The company has a PEG of 28.77 and the debt-to-equity ratio at 837.88. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.84% over the week and 2.12% over the month.

Earnings per share for the fiscal year are expected to increase by 1.46%, and 9.17% over the next financial year. EPS should grow at an annualized rate of 4.70% over the next five years, compared to -12.68% over the past 5-year period.

Looking at the support for the IRM, a number of firms have released research notes about the stock. UBS stated their Sell rating for the stock in a research note on November 07, 2023, with the firm’s price target at $44. RBC Capital Mkts coverage for the Iron Mountain Inc. (IRM) stock in a research note released on August 22, 2023 offered a Outperform rating with a price target of $68. RBC Capital Mkts was of a view on December 16, 2022 that the stock is Sector Perform, while Exane BNP Paribas gave the stock Outperform rating on December 14, 2022, issuing a price target of $66. Barclays on their part issued Overweight rating on June 24, 2022.

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