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

Shares of Mirion Technologies, Inc. (NYSE:MIR) have been assigned an average recommendation of “Buy” from the five research firms that are currently covering the stock, Marketbeat reports. Three 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 objective among brokerages that have issued ratings on the stock in the last year is $19.25.

Several brokerages have commented on MIR. Robert W. Baird began coverage on Mirion Technologies in a research report on Thursday, December 19th. They issued an “outperform” rating and a $22.00 price target on the stock. Citigroup boosted their target price on shares of Mirion Technologies from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. B. Riley assumed coverage on shares of Mirion Technologies in a research report on Thursday, September 26th. They set 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 research 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 Trading Up 1.7 %

Mirion Technologies stock opened at $16.53 on Tuesday. The company has a 50 day moving average price of $16.90 and a 200 day moving average price of $13.40. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of -48.63 and a beta of 0.75. Mirion Technologies has a 52 week low of $9.11 and a 52 week high of $18.81. 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 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). 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 during the quarter, compared to analysts’ expectations of $203.67 million. During the same quarter last year, the firm earned $0.03 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. Research analysts forecast that Mirion Technologies will post 0.33 EPS for the current year.

Insiders Place Their Bets

In other news, 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 value of $48,589.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas D. Logan sold 7,500 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $14.11, for a total transaction of $105,825.00. Following the completion of the transaction, the chief executive officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MIR. Quest Partners LLC lifted its holdings in Mirion Technologies by 680.5% during the 3rd quarter. Quest Partners LLC now owns 6,728 shares of the company’s stock valued at $74,000 after purchasing an additional 5,866 shares during the last quarter. SkyView Investment Advisors LLC acquired a new stake in shares of Mirion Technologies during the 3rd quarter worth approximately $111,000. Integrated Advisors Network LLC bought a new stake in shares of Mirion Technologies during the 3rd quarter valued at approximately $120,000. Paloma Partners Management Co bought a new position in Mirion Technologies in the third quarter valued at about $122,000. Finally, Landscape Capital Management L.L.C. bought a new position in Mirion Technologies in the 3rd quarter valued at approximately $147,000. 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.