IRM stock: buy or sell?
September 20th, 2019
Iron Mountain Incorporated, a real estate investment trust, provides storage and information management services in North America, Europe, Latin America, Asia Pacific, and Africa.
Should I buy IRM stock?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
None of our preferred buy setups matches with Iron Mountain stock situation right now, therefore this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Iron Mountain stock a buy?
Financial institutions and banks post stock ratings everyday.At Stocks2.com, we gathered 6 ratings published for IRM stock in the last 30 days. The general sentiment of these ratings is bearish for IRM stock, with 3 negative ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-12||Credit Suisse Group||n/a||Sell|
|2019-8-2||Robert W. Baird||Underperform||Neutral|
|2019-7-11||Bank of America||Neutral||Underperform|
|2019-7-10||Wells Fargo & Co||n/a||Outperform|
|2019-2-20||Mitsubishi UFJ Financial Group||n/a||Neutral|
|2019-2-19||Credit Suisse Group||n/a||Underperform|
IRM stock analysis
Iron Mountain shares declined -0.50% to $31.99 today.
Iron Mountain declined a bad -0.50% and closed at $31.99. For the last 16 days when IRM stock price broke up the SMA200d line, it gained $0.20 (0.63%). From a daily outlook perspective, IRM is drawing an uptrend of rising tops and rising bottoms. Since its last top on September/11 at $33.72, price slid and bounced up back from $31.83. Breaking down under $31.83 would cancel the current uptrend and it might slide further to test lower supports. Note that $33.72 might act as a resistance line. Trading the long side, we should wait to a new breakout over $33.72 to find the next buy point.
Iron Mountain slightly fell a bad -1.72% this week.
Iron Mountain stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, IRM might consolidate in a flat-base, waiting to break out over or down under . Since price and SMA40w lines crossed up early September, IRM climbed $0.71 (2.27%).
IRM stock price history
IRM IPO was on February 1st, 1996 at $0.16 per share1. Since then, IRM stock grew a 19,893.80%, with an average of 864.90% per year. If you had invested right after IRM's IPO a $1,000 in IRM stock in 1996, it would worth $198,938.00 today.
1: Adjusted price after possible price splits or reverse-splits.
IRM stock historical price chart
IRM stock reached 52-week highs on February at $35.33, and all-time highs 2017-11-21 with a price of 36.14.
IRM stock price target is $28.00How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We detected 4 price forecasts for Iron Mountain stock published in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-12||Credit Suisse Group||Reiterates||n/a||$21.00||-|
|2019-8-2||Robert W. Baird||Upgrades||n/a||$29.00||-|
|2019-7-11||Bank of America||Downgrades||$33.00||$25.00||-24.2%|
|2019-2-20||Mitsubishi UFJ Financial Group||Raises Target||n/a||$37.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareIron Mountain reported fine results for 2018-Q4 on February. Iron Mountain grew Earnings per Share (EPS) by 7.70%, beating analysts of $0.52. Iron Mountain posted $0.56.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual revenues report draw an impressive gain of 9.89% to $4,225.76 million dollars. When comparing 2018 vs 2017, on the other hand, profit margin (that is, the net income divided by revenues) raised a 3.82% to 8.60%.
|2013||$3,030 M||-||$96 M3.2%||-|
|2014||$3,118 M||2.89%||$326 M10.5%||238.19%|
|2015||$3,008 M||-3.52%||$123 M4.1%||-62.21%|
|2016||$3,511 M||16.74%||$105 M3.0%||-14.94%|
|2017||$3,846 M||9.52%||$184 M4.8%||75.36%|
|2018||$4,226 M||9.89%||$363 M8.6%||97.67%|
Quarterly financial resultsIron Mountain posted $1,061.49 million in revenues for 2018-Q4, a 0.05% up compared to previous quarter. Reported quarter income marked $158.12 M with a profit margin of 14.90%. Profit margin rose a 8.57% compared to previous quarter when profit margin was 6.33%. When comparing sales to same quarter last year, Iron Mountain sales marked an excellent growth and jumped a 7.09%. Looking back to recent quarterly results, Iron Mountain posted 6 negative quarters in a row.
|2017-Q2||$950 M||-||$79 M8.3%||-|
|2017-Q3||$966 M||1.67%||$26 M2.7%||-67.08%|
|2017-Q4||$991 M||2.65%||$23 M2.3%||-12.75%|
|2018-Q1||$1,042 M||5.17%||$45 M4.3%||96.66%|
|2018-Q2||$1,061 M||1.76%||$93 M8.8%||109.03%|
|2018-Q3||$1,061 M||0.02%||$67 M6.3%||-28.11%|
|2018-Q4||$1,061 M||0.05%||$158 M14.9%||135.48%|
|2019-Q1||$1,054 M||-0.72%||$30 M2.8%||-81.30%|
Iron Mountain ownershipWhen you are planning to invest in a company, it's always worth to overview its ownership structure.
Iron Mountain shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.93% of all shares.
Bearish positions for IRM stock account 0.00%, no big difference from last month.
For a better understanding, the next table shows ownership data compared to other related companies:
|Market cap||$9.2 B||$69.1 B||$17.1 B||$71.3 B|
|Total shares||287.1 M||433.9 M||120.9 M||679.7 M|
|Float shares||284.0 M||433.0 M||120.0 M||327.6 M|
|- Institutional holdings (%)||91.3%||81.8%||88.7%||91.1%|
|- Insider holdings (%)||0.9%||0.2%||0.4%||0.3%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%|
|Friday, September 20th, 2019|
|Day range||$31.94 - $32.34|
|Average true range||$0.55|
|50d mov avg||$30.89|
|100d mov avg||$30.71|
|200d mov avg||$31.99|
Iron Mountain performanceTo better understand Iron Mountain performance you must becnhmark its gains with other related stocks in same sector or industry. For Iron Mountain, the comparison is made against Automatic Data Processing, Equifax and Fiserv.
|ADPAutomatic Data Pr...||-4.77%||4.62%||7.95%|
Iron Mountain competitorsWe selected a few stocks to conform a list of Iron Mountain competitors to watch if you are interested in investing in IRM:
Latest IRM stock news
- InvestorPlaceIron Mountain News: Why IRM Stock Is Sliding Lower TodayJuly 11, 2019
- InvestorPlace3 Big Stock Charts for Thursday: General Mills, Iron Mountain and PaypalMay 30, 2019
- InvestorPlace3 Big Stock Charts for Monday: Caterpillar, PPL Corp and Iron MountainJune 25, 2018