Mirion Technologies, Inc. (NYSE:MIR) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Mirion Technologies, Inc. (NYSE:MIR) have earned a consensus rating of “Buy” from the five research firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $19.25.

A number of analysts recently commented on the company. Robert W. Baird began coverage on Mirion Technologies in a research report on Thursday. They issued an “outperform” rating and a $22.00 price objective for the company. 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 upped their price objective on shares of Mirion Technologies from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Baird R W upgraded Mirion Technologies to a “strong-buy” rating in a report on Thursday. Finally, The Goldman Sachs Group upped their price target on shares of Mirion Technologies from $16.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, December 12th.

Mirion Technologies Trading Up 0.7 %

Shares of NYSE MIR opened at $17.57 on Friday. Mirion Technologies has a 52-week low of $9.11 and a 52-week high of $18.81. The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average price is $15.81 and its two-hundred day moving average price is $12.42. The stock has a market capitalization of $4.08 billion, a P/E ratio of -51.68 and a beta of 0.76.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $206.80 million for the quarter, compared to analyst estimates of $203.67 million. Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. Mirion Technologies’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.03 EPS. On average, analysts anticipate that Mirion Technologies will post 0.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Thomas D. Logan sold 7,500 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $10.47, for a total value of $78,525.00. Following the completion of the sale, the chief executive officer now directly owns 1,544,017 shares in the company, valued at $16,165,857.99. This trade represents a 0.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Emmanuelle Lee sold 5,000 shares of Mirion Technologies stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $10.60, for a total transaction of $53,000.00. Following the sale, the insider now owns 138,193 shares of the company’s stock, valued at $1,464,845.80. The trade was a 3.49 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,405 shares of company stock valued at $285,939. Insiders own 2.20% of the company’s stock.

Institutional Trading of Mirion Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of MIR. Innealta Capital LLC purchased a new position in Mirion Technologies in the 2nd quarter valued at $39,000. Quest Partners LLC raised its position in shares of Mirion Technologies by 680.5% in the third quarter. Quest Partners LLC now owns 6,728 shares of the company’s stock valued at $74,000 after buying an additional 5,866 shares during the last quarter. SkyView Investment Advisors LLC purchased a new position in shares of Mirion Technologies during the 3rd quarter worth about $111,000. Integrated Advisors Network LLC acquired a new stake in Mirion Technologies during the third quarter worth about $120,000. Finally, Paloma Partners Management Co purchased a new position in Mirion Technologies in the third quarter valued at about $122,000. 78.51% of the stock is owned by institutional investors and hedge funds.

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.