Press coverage about Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) has trended somewhat positive recently, according to Alpha One. The research firm, a division of Accern, ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Iron Mountain Incorporated (Delaware) REIT earned a news sentiment score of 0.11 on Alpha One’s scale. Alpha One also assigned news headlines about the financial services provider an impact score of 98 out of 100, meaning that recent news coverage is extremely likely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Alpha One Sentiment’s analysis:
- Iron Mountain Incorporated Prices Debt Offering (finance.yahoo.com)
- Iron Mountain short pitched at SALT conference (seekingalpha.com)
- Iron Mountain, Inc. breached its 50 day moving average in a Bullish Manner : IRM-US : May 18, 2017 (finance.yahoo.com)
- Carrizo Oil & Gas Inc (CRZO) Sees Large Increase in Short Interest – AppsforPCdaily (appsforpcdaily.com)
- Iron Mountain Incorporated — Moody’s rates Iron Mountain’s new notes Ba3 (finance.yahoo.com)
A number of research analysts recently issued reports on IRM shares. TheStreet raised Iron Mountain Incorporated (Delaware) REIT from a “c+” rating to a “b” rating in a report on Thursday, February 23rd. Deutsche Bank AG started coverage on Iron Mountain Incorporated (Delaware) REIT in a report on Wednesday, February 22nd. They set a “hold” rating and a $39.00 target price on the stock. Finally, Zacks Investment Research lowered Iron Mountain Incorporated (Delaware) REIT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $42.40.
Iron Mountain Incorporated (NYSE:IRM) traded down 1.21% during trading on Friday, reaching $34.98. The company’s stock had a trading volume of 1,183,797 shares. The stock’s 50 day moving average is $35.38 and its 200-day moving average is $34.60. The firm has a market cap of $9.24 billion, a P/E ratio of 92.05 and a beta of 0.95. Iron Mountain Incorporated has a 52 week low of $30.75 and a 52 week high of $41.50.
Iron Mountain Incorporated (Delaware) REIT (NYSE:IRM) last posted its quarterly earnings data on Thursday, April 27th. The financial services provider reported $0.48 EPS for the quarter, missing the consensus estimate of $0.51 by $0.03. Iron Mountain Incorporated (Delaware) REIT had a net margin of 1.90% and a return on equity of 19.82%. The firm had revenue of $939 million during the quarter, compared to analysts’ expectations of $928.62 million. During the same quarter in the previous year, the company posted $0.51 EPS. Iron Mountain Incorporated (Delaware) REIT’s revenue for the quarter was up 25.0% on a year-over-year basis. On average, equities research analysts forecast that Iron Mountain Incorporated will post $1.19 earnings per share for the current fiscal year.
In related news, insider William L. Meaney sold 11,305 shares of the company’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $37.63, for a total value of $425,407.15. Following the transaction, the insider now owns 83,874 shares in the company, valued at $3,156,178.62. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Anastasios Tsolakis sold 2,442 shares of the stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $37.63, for a total value of $91,892.46. Following the sale, the executive vice president now owns 60,552 shares in the company, valued at approximately $2,278,571.76. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.
About Iron Mountain Incorporated (Delaware) REIT
Iron Mountain Incorporated (Iron Mountain) is engaged in storing records, primarily paper documents and data backup media, and provide information management services. The Company offers records management services, data protection and recovery services and information destruction services. Its information management services are divided into three categories: records management services, data protection and recovery services, and information destruction services.
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