Mirion Technologies, Inc. (NYSE:MIR) Given Average Recommendation of “Buy” by Analysts

Shares of Mirion Technologies, Inc. (NYSE:MIR) have earned an average rating of “Buy” from the five research firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $19.25.

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

Mirion Technologies Stock Performance

Shares of MIR stock opened at $18.10 on Friday. The stock has a market cap of $4.20 billion, a PE ratio of -53.24 and a beta of 0.76. The stock has a 50-day moving average of $16.14 and a 200-day moving average of $12.65. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.16 and a quick ratio of 1.55. Mirion Technologies has a one year low of $9.11 and a one year high of $18.81.

Mirion Technologies (NYSE:MIR) last issued its 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). The firm had revenue of $206.80 million during the quarter, compared to the consensus estimate of $203.67 million. Mirion Technologies had a negative net margin of 7.84% and a positive return on equity of 4.33%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.03 EPS. As a group, sell-side analysts expect that Mirion Technologies will post 0.33 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Trading of Mirion Technologies

Several institutional investors and hedge funds have recently bought and sold shares of MIR. Innealta Capital LLC acquired a new stake in shares of Mirion Technologies during the 2nd quarter worth about $39,000. Quest Partners LLC grew its stake 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 acquiring an additional 5,866 shares in the last quarter. SkyView Investment Advisors LLC bought a new position in Mirion Technologies during the third quarter worth about $111,000. Integrated Advisors Network LLC acquired a new stake in Mirion Technologies in the 3rd quarter worth about $120,000. Finally, Paloma Partners Management Co bought a new stake in Mirion Technologies in the 3rd quarter valued at about $122,000. 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.