IRM stock: buy or sell?

IRM stock price: $30.58 0.56% At close on July 16th, 2019

Updated on:
July 16th, 2019

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Iron Mountain ended today at $30.58 and inched a slightly fine 0.56%. On Thursday IRM plunged a dreadful -8.09%. Counting Tuesday, it's been 3 climbing days in a row, gaining $0.91 or 2.84%.

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?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, Iron Mountain stock doesn't match any of these trading strategies, so our recommendation is not to buy.

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 fall 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 publish stock ratings everyday. At Stocks2.com, we detected 4 ratings published for IRM stock in the last 30 days.

The general sentiment of these ratings is bearish for IRM stock, with 2 negative ratings.
Is IRM a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
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 ended today at $30.58 and inched a slightly fine 0.56%.

Shares of Iron Mountain inched a slightly fine 0.56% and closed at $30.58. Since last April when IRM stock price broke down the SMA200d line, it slid $-4.58 per share (-13.03%). Since SMA100d and SMA200d crossed up on March, IRM price slid a -10.06%.

IRM stock chart (daily)

Weekly outlook

Iron Mountain shares inched 1.36% this week, ending at $30.58.

Since late April, when IRM stock price broke down the 40-weeks moving avarage line, it slid $-4.68 per share (-13.27%). Trading stocks that are below the 40-weeks (that is, 200-days) moving average line is not recommended by many experts, as it indicates that the stock has not enough institutional support.

IRM stock chart (weekly)

IRM stock price history

IRM stock went public on February 1st, 1996 with a price of $1.631. Since then, IRM stock grew a 1,776.10%, with a yearly average of 77.20%. If you had invested right after IRM's IPO a $1,000 in IRM stock in 1996, it would worth $17,761.00 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 $35.97, and all-time highs 2017-11-21 with a price of 36.79.

IRM stock price target is $31.00

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We have 2 price predictions for IRM stock published in the last 30 days:
IRM stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
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$31.00-6.0%
The price target for Iron Mountain stock is $31.00, moving in a range between $37.00 and $25.00. In average, analysts' outlook on IRM price forecast is negative, downsizing the target by a -6.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Iron Mountain presented nice results for 2018-Q4 on February. Iron Mountain appreciated Earnings per Share (EPS) by 7.70%, beating experts consensus 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 sales report draw a wonderful growth of 9.89% to $4,225.76 M USD. When comparing 2018 vs 2017, slightly worse, profit margin (that is, the net income divided by revenues) stepped up 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 M in revenues for 2018-Q4, a 0.05% improvement compared to previous quarter. Reported quarter earnings marked $158.12 M with a profit margin of 14.90%. Profit margin escalated a 8.57% compared to previous quarter when profit margin was 6.33%. When comparing turnover to same quarter last year, Iron Mountain sales marked a very good increase and soared 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 stock, it's worth to have a look 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.

The following table compares ownership indicators for other stocks related to Iron Mountain:

IRMADPEFXFISV
Market cap$8.8 B$71.8 B$16.6 B$38.8 B
Total shares286.8 M435.2 M120.8 M409.4 M
Float shares284.0 M434.6 M120.1 M391.7 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

Tuesday, July 16th, 2019
Open$30.30
Close$30.58
Day range$30.26 - $30.93
Previous close$30.41
Session gain0.56%
Average true range$0.78
50d mov avg$31.05
100d mov avg$32.62
200d mov avg$32.43
Daily pattern
Weekly pattern

Iron Mountain performance

To better understand Iron Mountain performance you must becnhmark its gains with other related stocks in same sector or industry. We compared Iron Mountain against Automatic Data Processing, Equifax and Fiserv in the following table:
Stock3m6m12m
IRMIron Mountain-13.27%-11.00%-6.11%
ADPAutomatic Data Pr...2.07%23.29%22.63%
EFXEquifax9.69%32.74%10.12%
FISVFiserv11.39%21.76%22.50%

Iron Mountain competitors

We chose a few stocks to conform a list of Iron Mountain competitors to check if you are interested in investing in IRM:

Latest IRM stock news