Mirion Technologies (NYSE:MIR) Upgraded to Strong-Buy at Baird R W

Mirion Technologies (NYSE:MIR) was upgraded by equities researchers at Baird R W to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Several other research firms have also recently weighed in on MIR. Robert W. Baird assumed coverage on Mirion Technologies in a report on Thursday. They issued an “outperform” rating and a $22.00 price objective for the company. Citigroup raised their price target on Mirion Technologies from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. The Goldman Sachs Group boosted their price objective 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. Finally, B. Riley started coverage on shares of Mirion Technologies in a report on Thursday, September 26th. They issued a “buy” rating and a $14.00 price objective for the company. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Mirion Technologies has a consensus rating of “Buy” and a consensus target price of $19.25.

Mirion Technologies Stock Performance

Shares of MIR stock opened at $17.57 on Thursday. 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 has a fifty-two week low of $9.11 and a fifty-two week high of $18.81. The company has a market capitalization of $4.08 billion, a P/E ratio of -51.68 and a beta of 0.76. The stock has a 50 day moving average price of $15.81 and a two-hundred day moving average price of $12.42.

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

Insider Buying and Selling at Mirion Technologies

In other Mirion Technologies news, insider Emmanuelle Lee sold 5,000 shares of Mirion Technologies stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $10.60, for a total transaction of $53,000.00. Following the completion of the transaction, the insider now owns 138,193 shares in the company, valued at approximately $1,464,845.80. The trade was a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas D. Logan sold 7,500 shares of the business’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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,405 shares of company stock valued at $285,939. 2.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Mirion Technologies

Several large investors have recently modified their holdings of MIR. Dimensional Fund Advisors LP increased its stake in Mirion Technologies by 20.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,111,933 shares of the company’s stock valued at $65,642,000 after purchasing an additional 1,031,966 shares in the last quarter. State Street Corp increased its position in shares of 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 acquiring an additional 138,648 shares in the last quarter. Geode Capital Management LLC raised its holdings 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 acquiring an additional 147,408 shares during the last quarter. American Century Companies Inc. lifted its position in Mirion Technologies by 61.9% in the 2nd quarter. American Century Companies Inc. now owns 3,942,571 shares of the company’s stock valued at $42,343,000 after acquiring an additional 1,507,101 shares in the last quarter. Finally, Corsair Capital Management L.P. boosted its stake in Mirion Technologies by 83.9% during 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 purchasing an additional 1,441,846 shares during the last quarter. Hedge funds and other 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.