Notable Price Action: Time to Buy Iron Mountain Inc After Today’s Huge Decline?

Notable Price Action: Time to Buy Iron Mountain Inc After Today's Huge Decline?

The stock of Iron Mountain Inc (NYSE:IRM) is a huge mover today! The stock decreased 3.16% or $1.12 on October 5, hitting $34.27. Iron Mountain Inc (NYSE:IRM) has risen 18.01% since March 2, 2016 and is uptrending. It has outperformed by 9.75% the S&P500.
The move comes after 9 months negative chart setup for the $9.02B company. It was reported on Oct, 6 by We have $31.53 PT which if reached, will make NYSE:IRM worth $721.60M less.

Analysts await Iron Mountain Inc (NYSE:IRM) to report earnings on November, 4. They expect $0.57 earnings per share, up 3.64% or $0.02 from last year’s $0.55 per share. IRM’s profit will be $150.03 million for 15.03 P/E if the $0.57 EPS becomes a reality. After $0.47 actual earnings per share reported by Iron Mountain Inc for the previous quarter, Wall Street now forecasts 21.28% EPS growth.

Iron Mountain Inc (NYSE:IRM) Ratings Coverage

Out of 2 analysts covering Iron Mountain Incorporated (NYSE:IRM), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. Iron Mountain Incorporated has been the topic of 2 analyst reports since October 9, 2015 according to StockzIntelligence Inc. Stifel Nicolaus upgraded the shares of IRM in a report on Monday, April 18 to “Buy” rating.

According to Zacks Investment Research, “Iron Mountain Incorporated is one of the world’s largest records and information management services company. The company is an international, full-service provider of records and information management and related services, enabling customers to outsource records management functions. Iron Mountain has a diversified customer base, which includes more than half of the Fortune 500 and numerous commercial, legal, banking, healthcare, accounting, insurance, entertainment and government organizations.”

Insitutional Activity: The institutional sentiment increased to 2.8 in 2016 Q2. Its up 1.80, from 1 in 2016Q1. The ratio increased, as 26 funds sold all Iron Mountain Inc shares owned while 59 reduced positions. 67 funds bought stakes while 171 increased positions. They now own 207.44 million shares or 5.39% more from 196.82 million shares in 2016Q1.
Suntrust Banks reported 26,905 shares or 0.01% of all its holdings. Charter Tru last reported 15,357 shares in the company. The New Jersey-based Fincl Architects Incorporated has invested 0% in Iron Mountain Inc (NYSE:IRM). Ameriprise Financial Inc last reported 0.01% of its portfolio in the stock. Moreover, Alliancebernstein Lp has 0.02% invested in Iron Mountain Inc (NYSE:IRM) for 481,277 shares. Cleararc Cap owns 5,817 shares or 0.05% of their US portfolio. Ingalls Snyder has 90,953 shares for 0.21% of their US portfolio. Eqis Capital Mngmt holds 0.04% or 13,385 shares in its portfolio. Commerzbank Aktiengesellschaft Fi has invested 0% of its portfolio in Iron Mountain Inc (NYSE:IRM). Cubist Systematic Strategies Limited Liability, a Connecticut-based fund reported 8,246 shares. Bnp Paribas Invest Partners Sa reported 28,256 shares or 0.01% of all its holdings. Woodstock Corporation accumulated 7,462 shares or 0.06% of the stock. Morgan Stanley last reported 0.03% of its portfolio in the stock. The Maine-based Portland Glob Advsr Ltd Liability Corp has invested 0.45% in Iron Mountain Inc (NYSE:IRM). Apriem Advsr last reported 42 shares in the company.

Insider Transactions: Since April 18, 2016, the stock had 0 buys, and 13 insider sales for $24.97 million net activity. Tomovcsik John also sold $340,574 worth of Iron Mountain Inc (NYSE:IRM) shares. Cloutier Ernest W also sold $5.37 million worth of Iron Mountain Inc (NYSE:IRM) shares. $86,767 worth of shares were sold by Bicks Edward on Wednesday, June 1. 7,364 shares with value of $294,560 were sold by Tsolakis Anastasios on Friday, July 1. The insider RAKOWICH WALTER C sold $53,245. On Friday, June 10 the insider Keddy Patrick J sold $1.59M. The insider BAILEY CLARK H sold 9,772 shares worth $362,277.

More news for Iron Mountain Inc (NYSE:IRM) were recently published by:, which released: “Ex-Dividend Reminder: Waste Management, Iron Mountain and ITT” on September 06, 2016.‘s article titled: “Boston’s Iron Mountain Inc. storing, digitizing old MTV archives” and published on August 01, 2016 is yet another important article.

IRM Company Profile

Iron Mountain Incorporated, incorporated on June 26, 2014, is a holding company, which stores records, primarily physical records and data backup media, and provides information management services in various locations throughout North America, Europe, Latin America and Asia Pacific. The Firm operates through five divisions: North American Records and Information Management Business, North American Data Management Business, Western European Business, Other International Business and Corporate and Other Business. The Firm offers records and information management services, and data management services. The Firm provides storage and information management services to legal, financial, healthcare, insurance, life sciences, energy, businesses services and government organizations.

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