Brokerages Set Mirion Technologies, Inc. (NYSE:MIR) Price Target at $19.25

Shares of Mirion Technologies, Inc. (NYSE:MIR) have been given a consensus recommendation of “Buy” by the five analysts that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $19.25.

MIR has been the subject of a number of recent analyst reports. B. Riley initiated coverage on shares of Mirion Technologies in a research report on Thursday, September 26th. They issued a “buy” rating and a $14.00 target price for the company. Robert W. Baird began coverage on Mirion Technologies in a report on Thursday, December 19th. They set an “outperform” rating and a $22.00 target price on the stock. Baird R W upgraded Mirion Technologies to a “strong-buy” rating in a research report on Thursday, December 19th. The Goldman Sachs Group lifted their price target on Mirion Technologies from $16.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Citigroup raised their target price on Mirion Technologies from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th.

Insider Transactions at Mirion Technologies

In other Mirion Technologies news, insider Emmanuelle Lee sold 3,405 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $14.27, for a total transaction of $48,589.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas D. Logan sold 7,500 shares of the firm’s stock in a transaction dated 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 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. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Mirion Technologies

Several hedge funds have recently made changes to their positions in MIR. Dimensional Fund Advisors LP grew its position in Mirion Technologies by 20.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,111,933 shares of the company’s stock worth $65,642,000 after purchasing an additional 1,031,966 shares in the last quarter. State Street Corp boosted its position in shares of Mirion Technologies by 2.7% in the third quarter. State Street Corp now owns 5,365,728 shares of the company’s stock worth $59,399,000 after buying an additional 138,648 shares during the period. Geode Capital Management LLC grew its holdings in shares of Mirion Technologies by 3.4% during the third quarter. Geode Capital Management LLC now owns 4,502,455 shares of the company’s stock valued at $49,851,000 after buying an additional 147,408 shares in the last quarter. American Century Companies Inc. raised its position in 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 buying an additional 1,507,101 shares during the period. Finally, Corsair Capital Management L.P. lifted its stake in Mirion Technologies by 83.9% in the 3rd quarter. Corsair Capital Management L.P. now owns 3,160,850 shares of the company’s stock worth $34,991,000 after acquiring an additional 1,441,846 shares in the last quarter. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Mirion Technologies Price Performance

Shares of NYSE:MIR opened at $16.24 on Tuesday. The firm’s 50 day moving average is $16.88 and its two-hundred day moving average is $13.34. The firm has a market capitalization of $3.77 billion, a P/E ratio of -47.77 and a beta of 0.75. 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 52 week low of $9.11 and a 52 week high of $18.81.

Mirion Technologies (NYSE:MIR) last announced its earnings results 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). Mirion Technologies had a negative net margin of 7.84% and a positive return on equity of 4.33%. The business had revenue of $206.80 million for the quarter, compared to the consensus estimate of $203.67 million. During the same period in the previous year, the firm earned $0.03 EPS. The firm’s revenue was up 8.2% on a year-over-year basis. Analysts anticipate that Mirion Technologies will post 0.33 earnings per share for the current year.

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.