J.P. Morgan analyst Andrew Steinerman maintained a Buy rating on Iron Mountain (NYSE:IRM) Inc. on Friday, setting a price target of $50, which is approximately 6.02% above the present share price of $47.16.
Steinerman expects Iron Mountain Inc . to post earnings per share (EPS) of $0.23 for the fourth quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Iron Mountain, with an average price target of $50.75.
The analysts price targets range from a high of $56 to a low of $43.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $1.13 billion and a net profit of $232.07 million. The company's market cap is $13.66 billion.
According to TipRanks.com, J.P. Morgan analyst Andrew Steinerman is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 16.9% and a 75.32% success rate.
Iron Mountain, Inc. engages in the provision of storage and information management solutions. It operates through the following business segments: North American Records & Information Management Business, North American Data Management Business, Western European Business, Other International Business, Global Data Center Business and Corporate & Other Business. The North American Records & Information Management Business segment offers record management, destruction, and fulfilment services throughout U.S. and Canada. The North American Data Management Business segment handles data protection and recovery, server and computer backup services, and safeguarding of electronic and physical media in U.S. and Canada. The Western European Business segment offers records management, data protection and recovery services, and document management solutions throughout the United Kingdom, Ireland, Austria, Belgium, France, Germany, Netherlands, Spain, and Switzerland. The Other International Business segment offers storage and information management services throughout the remaining European countries, Latin America, the Middle East and Africa. The Global Data Center Business segment provides data center facilities to protect mission-critical assets and ensure the continued operation of its customers IT infrastructures, with secure and reliable colocation and wholesale options. The Corporate & Other Business segment consists of the storage, safeguarding and electronic or physical deliveries of physical media of all types and digital content repository systems to house, distribute, and archive key media assets, primarily for entertainment and media industry clients. The company was founded by Herman Knaust in 1951 and is headquartered in Boston, MA.