Mirion Technologies, Inc. (NYSE:MIR) Receives $19.25 Consensus PT from Analysts

Shares of Mirion Technologies, Inc. (NYSE:MIR) have been given an average rating of “Buy” by the five ratings firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $19.25.

Several brokerages recently commented on MIR. The Goldman Sachs Group raised their price objective on Mirion Technologies from $16.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Baird R W raised shares of Mirion Technologies to a “strong-buy” rating in a report on Thursday, December 19th. B. Riley initiated coverage on shares of Mirion Technologies in a report on Thursday, September 26th. They issued a “buy” rating and a $14.00 price target on the stock. Citigroup increased their price objective on shares of Mirion Technologies from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Finally, Robert W. Baird started coverage on Mirion Technologies in a research report on Thursday, December 19th. They issued an “outperform” rating and a $22.00 target price for the company.

Mirion Technologies Trading Up 1.7 %

Shares of MIR opened at $16.53 on Tuesday. Mirion Technologies has a 52-week low of $9.11 and a 52-week high of $18.81. The company has a market cap of $3.84 billion, a price-to-earnings ratio of -48.63 and a beta of 0.75. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.55 and a current ratio of 2.16. The stock has a fifty day moving average price of $16.93 and a two-hundred day moving average price of $13.46.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. The business had revenue of $206.80 million for the quarter, compared to analyst estimates of $203.67 million. During the same quarter in the prior year, the firm earned $0.03 EPS. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. Analysts predict that Mirion Technologies will post 0.33 EPS for the current fiscal year.

Insider Activity at Mirion Technologies

In other news, insider Emmanuelle Lee sold 3,405 shares of Mirion Technologies stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $14.27, for a total transaction of $48,589.35. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Thomas D. Logan sold 7,500 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $14.11, for a total value of $105,825.00. Following the completion of the transaction, the chief executive officer now owns 1,544,017 shares of the company’s stock, valued at approximately $21,786,079.87. This trade represents a 0.48 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Mirion Technologies

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in shares of Mirion Technologies by 20.3% in the second quarter. Dimensional Fund Advisors LP now owns 6,111,933 shares of the company’s stock worth $65,642,000 after acquiring an additional 1,031,966 shares during the period. State Street Corp lifted its holdings in Mirion Technologies by 2.7% during the third quarter. State Street Corp now owns 5,365,728 shares of the company’s stock valued at $59,399,000 after purchasing an additional 138,648 shares in the last quarter. Geode Capital Management LLC increased its stake in Mirion Technologies by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 4,502,455 shares of the company’s stock worth $49,851,000 after buying an additional 147,408 shares in the last quarter. American Century Companies Inc. raised its stake in Mirion Technologies by 61.9% during the 2nd quarter. American Century Companies Inc. now owns 3,942,571 shares of the company’s stock valued at $42,343,000 after purchasing an additional 1,507,101 shares during the period. Finally, Corsair Capital Management L.P. raised its position in shares of Mirion Technologies by 83.9% during the third quarter. Corsair Capital Management L.P. now owns 3,160,850 shares of the company’s stock valued at $34,991,000 after buying an additional 1,441,846 shares during the last quarter. Institutional investors own 78.51% of the company’s stock.

About Mirion Technologies

Mirion Technologies, Inc provides radiation detection, measurement, analysis, and monitoring products and services in the United States, Canada, the United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia, South Korea, and Japan. It operates through two segments, Medical and Technologies.