Mirion Technologies (NYSE:MIR) Research Coverage Started at Robert W. Baird

Robert W. Baird began coverage on shares of Mirion Technologies (NYSE:MIR) in a research note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $22.00 price target on the stock.

Several other brokerages have also commented on MIR. B. Riley assumed coverage on shares of Mirion Technologies in a research note on Thursday, September 26th. They issued a “buy” rating and a $14.00 price target on the stock. The Goldman Sachs Group boosted their price target on Mirion Technologies from $16.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Citigroup raised their price target on Mirion Technologies from $18.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Three investment 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, the company has an average rating of “Buy” and an average target price of $19.25.

Mirion Technologies Stock Performance

MIR stock opened at $17.89 on Thursday. The company has a current ratio of 2.16, a quick ratio of 1.55 and a debt-to-equity ratio of 0.43. Mirion Technologies has a 12-month low of $9.11 and a 12-month high of $18.81. The stock’s 50 day simple moving average is $15.91 and its 200 day simple moving average is $12.49. The firm has a market cap of $4.16 billion, a P/E ratio of -52.62 and a beta of 0.76.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The company had revenue of $206.80 million for the quarter, compared to analyst estimates of $203.67 million. Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 earnings per share. As a group, equities research analysts predict that Mirion Technologies will post 0.33 EPS for the current year.

Insider Buying and Selling

In related news, CEO Thomas D. Logan sold 7,500 shares of the business’s 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 sale, the chief executive officer now directly owns 1,544,017 shares in the company, valued at $16,165,857.99. The trade was a 0.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Emmanuelle Lee sold 5,000 shares of Mirion Technologies 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 completion of the transaction, the insider now owns 138,193 shares in the company, valued at approximately $1,464,845.80. This trade represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,405 shares of company stock valued at $285,939 over the last quarter. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Mirion Technologies

Several large investors have recently modified their holdings of MIR. American Century Companies Inc. lifted its holdings in shares of Mirion Technologies by 61.9% during the second quarter. American Century Companies Inc. now owns 3,942,571 shares of the company’s stock valued at $42,343,000 after purchasing an additional 1,507,101 shares during the last quarter. Corsair Capital Management L.P. lifted its stake in Mirion Technologies by 83.9% during the third quarter. Corsair Capital Management L.P. now owns 3,160,850 shares of the company’s stock valued at $34,991,000 after buying an additional 1,441,846 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Mirion Technologies by 20.3% in the second quarter. Dimensional Fund Advisors LP now owns 6,111,933 shares of the company’s stock worth $65,642,000 after buying an additional 1,031,966 shares during the period. Nicholas Investment Partners LP purchased a new position in shares of Mirion Technologies in the second quarter worth approximately $5,223,000. Finally, Millennium Management LLC increased its position in shares of Mirion Technologies by 509.8% in 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. 78.51% of the stock is owned by institutional investors.

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.