Barclays Capital Gives Equalweight (N/A) Rating to Iron Mountain Incorporated (IRM)

By admin | 6 years ago

Iron Mountain Incorporated (NYSE: IRM)‘s stock had its “equalweight (n/a)” rating reaffirmed by Barclays Capital (NYSE: BCS) in a research note issued on Wednesday.

Several other analysts have also recently commented on the stock. Analysts at Piper Jaffray (NYSE: PJC) initiated coverage on shares of Iron Mountain Incorporated in a research note to investors on Tuesday. They set an “overweight” rating on the stock. Separately, analysts at Oppenheimer (NYSE: OPY) reiterated a “market perform” rating on shares of Iron Mountain Incorporated in a research note to investors on Wednesday, May 30th. Finally, analysts at Citigroup (NYSE: C) upgraded shares of Iron Mountain Incorporated from a “neutral” rating to a “buy” rating in a research note to investors on Friday, May 4th. They now have a $38.00 price target on the stock, up previously from $34.00.

Iron Mountain Incorporated opened at 32.32 on Wednesday. Iron Mountain Incorporated has a 52-week low of $27.10 and a 52-week high of $35.79. The company has a market cap of $5.533 billion and a price-to-earnings ratio of 16.18.

Iron Mountain Incorporated last posted its quarterly earnings results on Thursday, April 26th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.06. The company’s quarterly revenue was up .1% on a year-over-year basis. Analysts expect that Iron Mountain Incorporated will post $0.36 EPS next quarter.

Iron Mountain Incorporated is an information management services company. The Company offers records management services, data protection and recovery services, and information destruction services to address information management challenges, such as rising storage costs, litigation, regulatory compliance and disaster recovery.

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