Why Iron Mountain Incorporated (NYSE:IRM) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $41.50 on Iron Mountain Incorporated (NYSE:IRM) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.29 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Iron Mountain Incorporated (NYSE:IRM) stands at 103.14.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Iron Mountain Incorporated (Del, the PEG ratio for coming 3-5 years is 1.69.

Technical Analysis

The technical analysis highlights that Iron Mountain Incorporated (Del current is trading $-2.22 points away or -5.74% from its 50-day moving average of $38.63. Further it is trading $0.05 or +0.13% away its 200-day moving average of $36.36.

The 52-week high of Iron Mountain Incorporated (NYSE:IRM) was $41.50 while lowest point recorded in 52-week was $23.64. It implies if stock price makes a movement of over $-5.09, it will record a new 52-week high. In the case of +54.02% drop, it will touch a new 52-week low.

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