Deutsche Bank Initiates Coverage On Iron Mountain Inc to Hold with Price Target $39

Deutsche Bank Initiates Coverage On Iron Mountain Inc(IRM). In a research note issued to the investors, the brokerage major Announces the price-target to $39 per share. The shares have been rated Hold. The rating by the stock financial advisor at Deutsche Bank was issued on Feb 22, 2017 in a research report to their Investors and Clients.

Iron Mountain Inc (IRM) shares turned negative on Wednesdays trading session with the shares closing down -0.57 points or -1.51% at a volume of 19,93,823. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $37.7. The peak price level was also seen at $37.7 while the days lowest was $37.04. Finally the shares closed at $37.14. The 52-week high of the shares is $41.5 while the 52-week low is $28.79. According to the latest information available, the market cap of the company is $9,784 M.

Iron Mountain Inc(IRM) last announced its earnings results on Nov 1, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $942.82M. Analysts had an estimated revenue of $933.49M. Earnings per share were $0.44. The reported EPS was above estimates by $0.13 or NaN%. Analysts had estimated an EPS of $0.57.

Several Insider Transactions has been reported to the SEC. On Feb 15, 2017, Anastasios Tsolakis (EVP, CIO, Global Svcs. Officer) sold 1,482 shares at $37.50 per share price.Also, On Feb 15, 2017, William L Meaney (President & CEO) sold 6,203 shares at $37.50 per share price.On Dec 5, 2016, Neil Chatfield (director) sold 954 shares at $32.74 per share price, according to the Form-4 filing with the securities and exchange commission.

Iron Mountain Inc. is a holding company which stores records primarily paper documents and data backup media and provide information management services. The Company has five segments: North American Records and Information Management Business North American Data Management Business Western European Business Other International Business and Corporate and Other Business. It offers records and information management services and data management services. Its customer base includes commercial legal banking healthcare accounting insurance entertainment and government organizations. As of December 31 2014 the Company’s courier fleet consisted of approximately 3600 owned or leased vehicles. Its other services include secure shredding document management solutions (DMS) compliant records management and consulting services health information storage and management solutions entertainment services energy data services discovery services and other ancillary services.

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