Mirion Technologies, Inc. (NYSE:MIR) Receives $19.25 Consensus Target Price from Brokerages

Shares of Mirion Technologies, Inc. (NYSE:MIR) have received an average recommendation of “Buy” from the five analysts that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $19.25.

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

Mirion Technologies Trading Up 1.7 %

NYSE MIR opened at $16.53 on Tuesday. The stock has a market cap of $3.84 billion, a PE ratio of -48.63 and a beta of 0.75. The company’s 50-day moving average price is $16.93 and its 200-day moving average price is $13.46. Mirion Technologies has a 12 month low of $9.11 and a 12 month high of $18.81. The company has a current ratio of 2.16, a quick ratio of 1.55 and a debt-to-equity ratio of 0.43.

Mirion Technologies (NYSE:MIR) last posted its earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $206.80 million for the quarter, compared to analysts’ expectations of $203.67 million. During the same quarter in the prior year, the company earned $0.03 EPS. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. Equities research analysts forecast that Mirion Technologies will post 0.33 earnings per share for the current year.

Insider Buying and Selling at Mirion Technologies

In other news, CEO Thomas D. Logan sold 7,500 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $14.11, for a total transaction of $105,825.00. Following the transaction, the chief executive officer now directly owns 1,544,017 shares in the company, valued at $21,786,079.87. This represents a 0.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $48,589.35. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mirion Technologies

Several large investors have recently modified their holdings of MIR. Essex Investment Management Co. LLC grew its position in Mirion Technologies by 0.3% in the 3rd quarter. Essex Investment Management Co. LLC now owns 351,478 shares of the company’s stock valued at $3,891,000 after buying an additional 980 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Mirion Technologies by 2.2% during the second quarter. Arizona State Retirement System now owns 48,968 shares of the company’s stock valued at $526,000 after acquiring an additional 1,045 shares during the period. Rhumbline Advisers lifted its holdings in shares of Mirion Technologies by 0.4% in the second quarter. Rhumbline Advisers now owns 325,569 shares of the company’s stock valued at $3,497,000 after purchasing an additional 1,340 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in Mirion Technologies by 4.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 58,260 shares of the company’s stock valued at $645,000 after acquiring an additional 2,595 shares in the last quarter. Finally, Royce & Associates LP lifted its position in Mirion Technologies by 0.8% in the 3rd quarter. Royce & Associates LP now owns 484,000 shares of the company’s stock worth $5,358,000 after buying an additional 4,000 shares in the last quarter. Institutional investors own 78.51% of the company’s stock.

Mirion Technologies Company Profile

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.