Where Does Iron Mountain Incorporated (IRM) Rank When It Comes To Price-To-Earnings Ratio?

Iron Mountain Incorporated (NYSE:IRM) finished Wednesday with an addition of $0.49 to close at $55.17, an upside of 0.90 percent. An average of 1,178,120 shares of common stock have been traded in the last five days. There was a gain of $1.31 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 1,254,290 shares traded, while the 50-day average volume stands at 1,388,432.

IRM stock has increased by 4.07% in the last month. The company shares reached their 1-month lowest point of $51.09 on 04/06/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $43.28 and a high of $57.21 in 52 weeks. It has reached a new high 10 times so far this year and achieved 10.67% or $5.32 in price. In spite of this, the price is down -3.57% from the 52-week high.

Insider Transactions

IRM stock investors should be aware that Iron Mountain Incorporated (IRM) stock had its last reported insider trading activity 20 days ago on Apr 14. In this transaction, the insider spent $562,650. President and CEO, Meaney William L, disposed of 10,507 shares at a price of $54.04 on Apr 13. The insider now owns more than $567,798 worth of shares. Prior to that, EVP, General Counsel, Sec. MARSON DEBORAH went on to Sale 1,125 shares at $54.00 each on Apr 12. An amount of $60,750 was transacted.

Valuation Metrics

Iron Mountain Incorporated (IRM) has a trailing price-to-earnings (P/E) ratio of 28.96. The stock’s beta is 0.93. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.14, the price-to-book (PB) ratio at 25.19.

The company has a payout ratio of 116.80%. The company’s most recent quarterly dividend payment was $0.6185 a share, representing a up of 0.08% from $0.6180 last year. Its latest increase dividend $0.0005 reported on Thursday February 23 2023.

Financial Health

The quick ratio of Iron Mountain Incorporated for the three months ended December 30 was 0.80, and the current ratio was 0.80, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 16.46 and a total debt to equity ratio of 16.60 for the quarter ending December 30. Its gross profit as reported stood at $2.91 billion compared to revenue of $5.1 billion.

Earnings Surprise

For the three-month period that ended December 30, Iron Mountain Incorporated had $10.23 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $192.16 million in the quarter, while revenues were grew 64.78%. The analyst consensus anticipated Iron Mountain Incorporated’s latest quarter earnings to come in at $0.44 per share, but it turned out to be $0.43, a -2.30% surprise. For the quarter, EBITDA amounted to $443.36 million. Shareholders own equity worth $290.9 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Iron Mountain Incorporated (IRM) price momentum. RSI 9-day as of the close on 03 May was 63.32%, suggesting the stock is Neutral, with historical volatility in this time frame at 14.33%.

As of today, IRM’s price is $55.09 +2.43% or $1.31 from its 5-day moving average. IRM is currently trading +4.91% higher than its 20-day SMA and +1.36% higher than its 100-day SMA. However, the stock’s current price level is +8.88% above the SMA50 and +21.63% above the SMA200.

The stochastic %K and %D were 84.42% and 88.96%, respectively, and the average true range (ATR) was 0.97. With the 14-day stochastic at 82.10% and the average true range at 1.00, the RSI (14) stands at 60.88%. The stock has reached 0.43 on the 9-day MACD Oscillator while the 14-day reading was at 0.94.

Analyst Ratings

RBC Capital Mkts launched coverage on Iron Mountain Incorporated (NYSE: IRM) in its analyst report released on December 16, 2022. The firm assigned the stock a Sector perform rating. The consensus rating for Iron Mountain Incorporated (IRM) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell IRM, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 5 others rate it as a “buy”.

What is IRM’s price target for the next 12 months?

Analysts predict a range of price targets between $20.00 and $68.00, with a median target of $59.00. Taking a look at these predictions, the average price target given by analysts for Iron Mountain Incorporated (IRM) stock is $56.00.

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