Truist Financial Reaffirms Their Buy Rating on Iron Mountain (IRM)

Truist Financial analyst Tobey Sommer maintained a Buy rating on Iron Mountain today and set a price target of $130.00.

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Sommer covers the Industrials sector, focusing on stocks such as V2X, Amentum Holdings, Inc., and Brink’s Company. According to TipRanks, Sommer has an average return of 4.7% and a 54.11% success rate on recommended stocks.

Iron Mountain has an analyst consensus of Strong Buy, with a price target consensus of $134.00.

Based on Iron Mountain’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.84 billion and a net profit of $89.27 million. In comparison, last year the company earned a revenue of $1.58 billion and had a net profit of $103.93 million

Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IRM in relation to earlier this year. Earlier this month, Jennifer Allerton, a Director at IRM sold 7,000.00 shares for a total of $762,160.00.