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

Mirion Technologies, Inc. (NYSE:MIR) has earned a consensus rating of “Buy” from the five ratings firms that are presently covering the stock, MarketBeat.com 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 1 year price target among brokers that have covered the stock in the last year is $19.25.

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

Mirion Technologies Trading Up 1.8 %

MIR stock opened at $17.89 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43. Mirion Technologies has a twelve month low of $9.11 and a twelve month high of $18.81. The company has a market cap of $4.16 billion, a P/E ratio of -52.62 and a beta of 0.76. The business has a fifty day moving average of $15.91 and a 200-day moving average of $12.51.

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

Insider Activity at Mirion Technologies

In other Mirion Technologies news, CEO Thomas D. Logan sold 7,500 shares of Mirion Technologies stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $10.47, for a total value of $78,525.00. Following the transaction, the chief executive officer now owns 1,544,017 shares of the company’s stock, valued at approximately $16,165,857.99. The trade was a 0.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Emmanuelle Lee sold 3,405 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $14.27, for a total transaction of $48,589.35. The disclosure for this sale can be found here. Insiders sold a total of 23,405 shares of company stock worth $285,939 in the last quarter. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of Mirion Technologies

Several hedge funds and other institutional investors have recently modified their holdings of MIR. Sanctuary Advisors LLC acquired a new stake in shares of Mirion Technologies in the third quarter valued at approximately $170,000. SkyView Investment Advisors LLC acquired a new stake in Mirion Technologies in the 3rd quarter valued at $111,000. Geode Capital Management LLC increased its stake 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 valued at $49,851,000 after buying an additional 147,408 shares during the last quarter. Barclays PLC increased its position in shares of Mirion Technologies by 325.0% during the 3rd quarter. Barclays PLC now owns 307,680 shares of the company’s stock worth $3,405,000 after purchasing an additional 235,288 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Mirion Technologies during the third quarter worth $303,000. Institutional investors and hedge funds 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.