Mirion Technologies (NYSE:MIR) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Mirion Technologies (NYSE:MIR) had its target price raised by stock analysts at The Goldman Sachs Group from $13.00 to $16.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price suggests a potential upside of 9.22% from the company’s current price.

Separately, 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 on the stock.

Mirion Technologies Price Performance

NYSE MIR opened at $14.65 on Thursday. 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 debt-to-equity ratio of 0.44, a quick ratio of 1.55 and a current ratio of 2.18. The business’s fifty day moving average is $11.82 and its 200 day moving average is $11.02. Mirion Technologies has a fifty-two week low of $7.20 and a fifty-two 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. Mirion Technologies had a positive return on equity of 4.35% and a negative net margin of 7.84%. The business had revenue of $207.10 million for the quarter, compared to the consensus estimate of $210.77 million. During the same period in the previous year, the business earned $0.08 earnings per share. The business’s revenue was up 5.0% on a year-over-year basis. Sell-side analysts predict that Mirion Technologies will post 0.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Emmanuelle Lee sold 5,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 138,193 shares of the company’s stock, valued at approximately $1,464,845.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Thomas D. Logan sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $11.00, for a total transaction of $82,500.00. Following the transaction, the chief executive officer now owns 1,544,017 shares of the company’s stock, valued at approximately $16,984,187. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Emmanuelle Lee sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $10.60, for a total value of $53,000.00. Following the transaction, the insider now directly owns 138,193 shares in the company, valued at approximately $1,464,845.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,639 shares of company stock valued at $539,247 over the last ninety days. 2.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Essex Investment Management Co. LLC grew its stake in Mirion Technologies by 0.3% in the third quarter. Essex Investment Management Co. LLC now owns 351,478 shares of the company’s stock worth $3,891,000 after purchasing an additional 980 shares in the last quarter. Arizona State Retirement System grew its stake in Mirion Technologies by 2.2% in the second quarter. Arizona State Retirement System now owns 48,968 shares of the company’s stock worth $526,000 after purchasing an additional 1,045 shares in the last quarter. Rhumbline Advisers lifted its holdings in Mirion Technologies by 0.4% during the second quarter. Rhumbline Advisers now owns 325,569 shares of the company’s stock worth $3,497,000 after buying an additional 1,340 shares during the period. ProShare Advisors LLC lifted its holdings in Mirion Technologies by 8.5% during the first quarter. ProShare Advisors LLC now owns 36,017 shares of the company’s stock worth $410,000 after buying an additional 2,833 shares during the period. Finally, Innealta Capital LLC purchased a new stake in Mirion Technologies during the second quarter worth $39,000. 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.