Iron Mountain Inc (IRM) was Upgraded by Stifel to ” Buy” and the brokerage firm has set the Price Target at $39. Earlier the firm had a rating of “Hold ” on the company shares. Stifel advised their investors in a research report released on Apr 18, 2016.
On the company’s financial health, Iron Mountain Inc reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $0.56. The company had revenue of $752.40 million for the quarter, compared to analysts expectations of $767.86 million. The company’s revenue was down -3.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.52 EPS.
Iron Mountain Inc opened for trading at $33.19 and hit $33.71 on the upside on Friday, eventually ending the session at $33.57, with a gain of 0.90% or 0.3 points. The heightened volatility saw the trading volume jump to 16,90,738 shares. Company has a market cap of $7,100 M.
In a different news, on Feb 24, 2016, Eileen Sweeney (Sr.VP,and GM,Data Management) sold 1,232 shares at $29.26 per share price. According to the SEC, on Mar 11, 2015, Anne S Drapeau (EVP, Strategy and Talent) sold 5,090 shares at $36.29 per share price.
Iron Mountain Inc. is a holding company which stores records primarily paper documents and data backup media and provide information management services. The Company has five segments: North American Records and Information Management Business North American Data Management Business Western European Business Other International Business and Corporate and Other Business. It offers records and information management services and data management services. Its customer base includes commercial legal banking healthcare accounting insurance entertainment and government organizations. As of December 31 2014 the Company’s courier fleet consisted of approximately 3600 owned or leased vehicles. Its other services include secure shredding document management solutions (DMS) compliant records management and consulting services health information storage and management solutions entertainment services energy data services discovery services and other ancillary services.