Citigroup Forecasts Strong Price Appreciation for Mirion Technologies (NYSE:MIR) Stock

Mirion Technologies (NYSE:MIR) had its price objective raised by Citigroup from $17.00 to $18.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential upside of 22.87% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. The Goldman Sachs Group upped their price objective on Mirion Technologies from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday. B. Riley assumed coverage on Mirion Technologies in a report on Thursday, September 26th. They issued a “buy” rating and a $14.00 target price for the company.

Mirion Technologies Stock Performance

Shares of Mirion Technologies stock opened at $14.65 on Thursday. The stock’s fifty day moving average is $11.82 and its two-hundred day moving average is $11.02. The company has a market capitalization of $3.40 billion, a PE ratio of -43.09 and a beta of 0.79. The company has a quick ratio of 1.55, a current ratio of 2.18 and a debt-to-equity ratio of 0.44. Mirion Technologies has a 52 week low of $7.20 and a 52 week high of $15.17.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. The company had revenue of $207.10 million for the quarter, compared to the consensus estimate of $210.77 million. Mirion Technologies had a positive return on equity of 4.35% and a negative net margin of 7.84%. Mirion Technologies’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.08 EPS. As a group, analysts expect that Mirion Technologies will post 0.31 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Loic Eloy sold 22,139 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $9.91, for a total transaction of $219,397.49. Following the completion of the sale, the insider now directly owns 177,663 shares in the company, valued at $1,760,640.33. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Emmanuelle Lee sold 5,000 shares of the company’s 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 sale, the insider now directly owns 138,193 shares in the company, valued at $1,464,845.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Loic Eloy sold 22,139 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $9.91, for a total value of $219,397.49. Following the sale, the insider now owns 177,663 shares of the company’s stock, valued at $1,760,640.33. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,639 shares of company stock worth $539,247. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Innealta Capital LLC acquired a new position in Mirion Technologies during the 2nd quarter valued at about $39,000. Central Pacific Bank Trust Division acquired a new position in Mirion Technologies during the 1st quarter valued at about $85,000. Integrated Advisors Network LLC acquired a new position in Mirion Technologies during the 3rd quarter valued at about $120,000. Algert Global LLC acquired a new position in Mirion Technologies during the 2nd quarter valued at about $189,000. Finally, Bayesian Capital Management LP acquired a new position in Mirion Technologies during the 1st quarter valued at about $226,000. 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.