Mirion Technologies, Inc. (NYSE:MIR) Given Average Recommendation of “Buy” by Analysts

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

A number of brokerages recently issued reports on MIR. Citigroup increased their price target on shares of Mirion Technologies from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. The Goldman Sachs Group raised their target price on Mirion Technologies from $16.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Robert W. Baird started coverage on Mirion Technologies in a research report on Thursday, December 19th. They set an “outperform” rating and a $22.00 price target on the stock. Baird R W raised Mirion Technologies to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, 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.

Insider Transactions at Mirion Technologies

In other news, CEO Thomas D. Logan sold 7,500 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,544,017 shares in the company, valued at $21,786,079.87. This represents a 0.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. American Century Companies Inc. increased its holdings in shares of Mirion Technologies by 61.9% in 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. increased its stake in shares of 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 during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of 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 acquiring an additional 1,031,966 shares during the period. Millennium Management LLC boosted its position in shares of Mirion Technologies by 509.8% during the 2nd quarter. Millennium Management LLC now owns 533,534 shares of the company’s stock valued at $5,730,000 after acquiring an additional 446,034 shares during the last quarter. Finally, Telemark Asset Management LLC purchased a new stake in shares of Mirion Technologies in the third quarter valued at about $4,428,000. 78.51% of the stock is owned by hedge funds and other institutional investors.

Mirion Technologies Stock Performance

Shares of NYSE:MIR opened at $15.89 on Tuesday. The company has a quick ratio of 1.55, a current ratio of 2.16 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. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of -46.74 and a beta of 0.75. The business has a 50-day moving average price of $16.82 and a 200-day moving average price of $13.26.

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

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.