Truist Financial Keeps Buy Rating on Iron Mountain, Analyst Consensus at Strong Buy with $117.17 Target

Truist Financial analyst Tobey Sommer maintains a Buy rating on Iron Mountain (IRM), with a price target of $117.17. The company's market cap is $27.04B and has a P/E ratio of 666.86. Corporate insider sentiment is negative, with 59 insiders selling their shares over the past quarter. The analyst consensus is a Strong Buy, with a 29.40% upside from current levels.

Iron Mountain Incorporated (IRM) has been the subject of varying analyst opinions and recent investment activity, as highlighted by a recent filing with the Securities and Exchange Commission (SEC). Van Lanschot Kempen Investment Management N.V. acquired a new stake in Iron Mountain during the first quarter of 2025, purchasing 70,641 shares valued at approximately $6,078,000 [1].

Analysts from Barclays and JPMorgan have differing views on the stock. Barclays increased their price target from $118.00 to $121.00, maintaining an "overweight" rating, while JPMorgan lowered their target from $112.00 to $100.00, also maintaining an "overweight" rating [1]. Truist Financial analyst Tobey Sommer maintains a Buy rating on Iron Mountain with a price target of $117.17 [2]. The company's market capitalization stands at $27.04 billion, with a P/E ratio of 666.86 [1].

Corporate insider sentiment has been negative, with 59 insiders selling their shares over the past quarter. The analyst consensus is a Strong Buy, with a 29.40% upside from current levels [2]. Iron Mountain declared a quarterly dividend of $0.785 per share, resulting in a yield of 3.4% and an unusually high dividend payout ratio of 2,242.86% [1].

Several other hedge funds have also recently bought and sold shares of IRM. Whittier Trust Co. grew its position by 3.4% in the first quarter, owning 3,265 shares valued at $281,000. DoubleLine ETF Adviser LP boosted its stake by 0.5% in the fourth quarter, owning 21,064 shares valued at $2,214,000 [1]. Institutional investors and hedge funds own 80.13% of the company's stock [1].

Iron Mountain reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.19. The company's revenue was up 11.6% compared to the same quarter last year. On average, equities analysts anticipate that Iron Mountain Incorporated will post 4.54 EPS for the current fiscal year [1].

References:
[1] https://www.marketbeat.com/instant-alerts/filing-van-lanschot-kempen-investment-management-nv-invests-608-million-in-iron-mountain-incorporated-irm-2025-08-20/
[2] https://www.marketbeat.com/investing/stock/irm/