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

Shares of Mirion Technologies, Inc. (NYSE:MIR) have been assigned a consensus rating of “Buy” from the five ratings firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $19.25.

A number of brokerages have commented on MIR. The Goldman Sachs Group lifted their price target on Mirion Technologies from $16.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. B. Riley began coverage on shares of Mirion Technologies in a research note on Thursday, September 26th. They issued a “buy” rating and a $14.00 target price on the stock. Robert W. Baird initiated coverage on shares of Mirion Technologies in a research report on Thursday, December 19th. They set an “outperform” rating and a $22.00 price target for the company. Baird R W upgraded shares of Mirion Technologies to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, Citigroup upped their price objective 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.

Mirion Technologies Price Performance

Shares of Mirion Technologies stock opened at $17.91 on Friday. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of -52.68 and a beta of 0.76. The company has a fifty day moving average of $15.99 and a 200-day moving average of $12.56. 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 posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The business had revenue of $206.80 million for the quarter, compared to analysts’ expectations of $203.67 million. Mirion Technologies had a negative net margin of 7.84% and a positive return on equity of 4.33%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.03 earnings per share. Equities research analysts expect that Mirion Technologies will post 0.33 EPS for the current year.

Insiders Place Their Bets

In related news, insider Emmanuelle Lee sold 3,405 shares of Mirion Technologies stock in a transaction that occurred on Thursday, October 31st. The stock was 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 SEC, which can be accessed through this link. 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 value of $105,825.00. Following the completion of the sale, the chief executive officer now directly owns 1,544,017 shares in the company, 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 Trading of Mirion Technologies

A number of hedge funds have recently modified their holdings of MIR. Innealta Capital LLC bought a new position in shares of Mirion Technologies in the 2nd quarter worth about $39,000. Quest Partners LLC increased its stake in shares of Mirion Technologies by 680.5% during the third 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 in the last quarter. SkyView Investment Advisors LLC purchased a new position in shares of Mirion Technologies during the third quarter valued at approximately $111,000. Integrated Advisors Network LLC bought a new stake in shares of Mirion Technologies in the 3rd quarter worth approximately $120,000. Finally, Paloma Partners Management Co bought a new stake in shares of Mirion Technologies in the 3rd quarter worth approximately $122,000. 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.