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

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

A number of other brokerages have also recently commented on MIR. The Goldman Sachs Group upped their price target on shares of Mirion Technologies from $16.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Robert W. Baird started coverage on Mirion Technologies in a research report on Thursday. They set an “outperform” rating and a $22.00 target price on the stock. B. Riley initiated coverage on Mirion Technologies in a research report on Thursday, September 26th. They issued a “buy” rating and a $14.00 price target for the company. Finally, Citigroup boosted their price objective on Mirion Technologies from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Three equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $19.25.

Mirion Technologies Stock Performance

Shares of MIR opened at $17.89 on Thursday. Mirion Technologies has a 1 year low of $9.11 and a 1 year high of $18.81. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.16 and a quick ratio of 1.55. The stock’s fifty day moving average price is $15.91 and its two-hundred day moving average price is $12.47. The firm has a market cap of $4.16 billion, a PE ratio of -52.62 and a beta of 0.76.

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 during the quarter, compared to analysts’ expectations of $203.67 million. Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business posted $0.03 EPS. On average, equities research analysts forecast that Mirion Technologies will post 0.33 EPS for the current year.

Insider Transactions at Mirion Technologies

In other Mirion Technologies news, CEO Thomas D. Logan sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $14.11, for a total value of $105,825.00. Following the completion of the transaction, the chief executive officer now owns 1,544,017 shares of the company’s stock, valued at $21,786,079.87. The trade was a 0.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Emmanuelle Lee sold 3,405 shares of the firm’s stock in a transaction 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. Over the last quarter, insiders have sold 23,405 shares of company stock valued at $285,939. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in shares of Mirion Technologies by 61.9% in the 2nd quarter. American Century Companies Inc. now owns 3,942,571 shares of the company’s stock worth $42,343,000 after purchasing an additional 1,507,101 shares in the last quarter. Corsair Capital Management L.P. boosted its stake in Mirion Technologies by 83.9% in the third quarter. Corsair Capital Management L.P. now owns 3,160,850 shares of the company’s stock worth $34,991,000 after buying an additional 1,441,846 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Mirion Technologies by 20.3% during the second quarter. Dimensional Fund Advisors LP now owns 6,111,933 shares of the company’s stock valued at $65,642,000 after acquiring an additional 1,031,966 shares during the last quarter. Nicholas Investment Partners LP purchased a new position in shares of Mirion Technologies during the second quarter worth approximately $5,223,000. Finally, Millennium Management LLC raised its stake in shares of Mirion Technologies by 509.8% during the second quarter. Millennium Management LLC now owns 533,534 shares of the company’s stock worth $5,730,000 after acquiring an additional 446,034 shares in the last quarter. Institutional investors 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.