Iron Mountain Incorporated (IRM) : Analyst Rating Update

Iron Mountain Incorporated (IRM) : 2 brokerage houses believe that Iron Mountain Incorporated (IRM) is a Strong Buy at current levels. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Iron Mountain Incorporated (IRM). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 5 Wall Street Analysts endorse the stock as a Buy with a rating of 2.2.

Iron Mountain Incorporated (IRM) : 5 investment research analysts covering Iron Mountain Incorporated (IRM) have an average price target of $39.6 for the near short term. The highest target price given by the Brokerage Firm to the stock is $44 and the lowest target is $34 for the short term. Analysts expect the variance to be within $5.18 of the average price.

Iron Mountain Incorporated (NYSE:IRM): The stock opened at $40.32 on Wednesday but the bulls could not build on the opening and the stock topped out at $40.61 for the day. The stock traded down to $39.69 during the day, due to lack of any buying support eventually closed down at $40.00 with a loss of -1.09% for the day. The stock had closed at $40.44 on the previous day. The total traded volume was 2,164,306 shares.

Also, Equity analysts at the Brokerage firm Stifel Nicolaus upgrades its rating on Iron Mountain Incorporated (NYSE:IRM). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on April 18, 2016. The company shares have rallied 32.42% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $40.56 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $37.62 and the 200 Day Moving Average price is recorded at $32.45.

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 Companys courier fleet consisted of approximately 3,600 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.

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