IRM stock: buy or sell?

IRM stock price: $31.99 -0.50% At close on September 20th, 2019

Updated on:
September 20th, 2019

4

Iron Mountain closed today at $31.99 and declined a bad -0.50%.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean IRM will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

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.
Is IRM a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-12Credit Suisse Groupn/aSell
2019-8-2Robert W. BairdUnderperformNeutral
2019-7-11Bank of AmericaNeutralUnderperform
2019-7-10Wells Fargo & Con/aOutperform
2019-2-20Mitsubishi UFJ Financial Groupn/aNeutral
2019-2-19Credit Suisse Groupn/aUnderperform

IRM stock analysis

Daily outlook

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.

IRM stock chart (daily)

Weekly outlook

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 chart (weekly)

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 $28.00

How 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:
IRM stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-12Credit Suisse GroupReiteratesn/a$21.00-
2019-8-2Robert W. BairdUpgradesn/a$29.00-
2019-7-11Bank of AmericaDowngrades$33.00$25.00-24.2%
2019-2-20Mitsubishi UFJ Financial GroupRaises Targetn/a$37.00-
(in average)$33.00$28.00-15.0%
Moving in a range from $37.00 and $21.00, the price target for Iron Mountain stock is $28.00. In average, analysts' outlook on IRM price forecast is negative, downsizing the target by a -15.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Iron 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.
IRM earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/an/an/a
2017-Q32017-10-240.290.316.9%
2017-Q42018-02-160.310.29-6.5%
2018-Q12018-04-260.50.49-2.0%
2018-Q22018-07-270.530.565.7%
2018-Q32018-10-250.540.551.9%
2018-Q42019-02-140.520.567.7%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared 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%.

IRM annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$3,030 M-$96 M3.2%-
2014$3,118 M2.89%$326 M10.5%238.19%
2015$3,008 M-3.52%$123 M4.1%-62.21%
2016$3,511 M16.74%$105 M3.0%-14.94%
2017$3,846 M9.52%$184 M4.8%75.36%
2018$4,226 M9.89%$363 M8.6%97.67%

Quarterly financial results

Iron 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.
IRM quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$950 M-$79 M8.3%-
2017-Q3$966 M1.67%$26 M2.7%-67.08%
2017-Q4$991 M2.65%$23 M2.3%-12.75%
2018-Q1$1,042 M5.17%$45 M4.3%96.66%
2018-Q2$1,061 M1.76%$93 M8.8%109.03%
2018-Q3$1,061 M0.02%$67 M6.3%-28.11%
2018-Q4$1,061 M0.05%$158 M14.9%135.48%
2019-Q1$1,054 M-0.72%$30 M2.8%-81.30%

Iron Mountain ownership

When 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:

IRMADPEFXFISV
Market cap$9.2 B$69.1 B$17.1 B$71.3 B
Total shares287.1 M433.9 M120.9 M679.7 M
Float shares284.0 M433.0 M120.0 M327.6 M
  - Institutional holdings (%)91.3%81.8%88.7%91.1%
  - Insider holdings (%)0.9%0.2%0.4%0.3%
Shares in short selling0.0%0.0%0.0%0.0%

IRM summary

Friday, September 20th, 2019
Open$32.23
Close$31.99
Day range$31.94 - $32.34
Previous close$32.15
Session gain-0.50%
Average true range$0.55
50d mov avg$30.89
100d mov avg$30.71
200d mov avg$31.99
Daily patternlb03a
Weekly pattern lt06a

Iron Mountain performance

To 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.
Stock3m6m12m
IRMIron Mountain1.59%-5.44%-4.22%
ADPAutomatic Data Pr...-4.77%4.62%7.95%
EFXEquifax5.56%25.78%7.22%
FISVFiserv14.68%22.59%28.82%

Iron Mountain competitors

We 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