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

Mirion Technologies, Inc. (NYSE:MIR) has received an average rating of “Buy” from the five ratings firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $19.25.

MIR has been the subject of a number of research analyst reports. 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. Citigroup lifted their price objective on Mirion Technologies from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. B. Riley assumed 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. The Goldman Sachs Group boosted their price target on shares of Mirion Technologies from $16.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Baird R W raised shares of Mirion Technologies to a “strong-buy” rating in a report on Thursday, December 19th.

Mirion Technologies Price Performance

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

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The business 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%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.03 earnings per share. Research analysts anticipate that Mirion Technologies will post 0.33 EPS for the current year.

Insiders Place Their Bets

In related news, insider Emmanuelle Lee sold 3,405 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $14.27, for a total transaction of $48,589.35. The transaction was disclosed in a document filed with the SEC, which is available 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 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. The trade was a 0.48 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Mirion Technologies

A number of hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its position in shares of Mirion Technologies by 509.8% during the second quarter. Millennium Management LLC now owns 533,534 shares of the company’s stock worth $5,730,000 after purchasing an additional 446,034 shares in the last quarter. Corsair Capital Management L.P. boosted its position in Mirion Technologies by 83.9% in the 3rd 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. Charles Schwab Investment Management Inc. increased its stake in shares of Mirion Technologies by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,559,576 shares of the company’s stock valued at $17,265,000 after buying an additional 38,474 shares during the period. State of New Jersey Common Pension Fund D bought a new stake in shares of Mirion Technologies during the second quarter worth $1,890,000. Finally, Intech Investment Management LLC acquired a new position in shares of Mirion Technologies during the third quarter valued at $583,000. 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.