Mirion Technologies (NYSE:MIR) Upgraded at Baird R W

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

MIR has been the topic of a number of other research reports. B. Riley started coverage on shares of Mirion Technologies in a research report on Thursday, September 26th. They issued a “buy” rating and a $14.00 price objective on the stock. Robert W. Baird began coverage on Mirion Technologies in a report on Thursday. They set an “outperform” rating and a $22.00 price target on the stock. The Goldman Sachs Group upped 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 lifted their price objective on Mirion Technologies from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Three investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $19.25.

Mirion Technologies Trading Up 1.8 %

NYSE MIR opened at $17.89 on Thursday. The stock has a 50-day moving average of $15.91 and a 200-day moving average of $12.47. 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 1-year low of $9.11 and a 1-year high of $18.81. 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 released its quarterly earnings data 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). Mirion Technologies had a negative net margin of 7.84% and a positive return on equity of 4.33%. The company had revenue of $206.80 million for the quarter, compared to analysts’ expectations of $203.67 million. During the same period last year, the company posted $0.03 EPS. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Mirion Technologies will post 0.33 EPS for the current year.

Insider Buying and Selling at Mirion Technologies

In related news, insider Emmanuelle Lee sold 3,405 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $14.27, for a total value of $48,589.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas D. Logan sold 7,500 shares of Mirion Technologies stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $10.47, for a total transaction of $78,525.00. Following the transaction, the chief executive officer now directly owns 1,544,017 shares of the company’s stock, valued at approximately $16,165,857.99. This trade represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,405 shares of company stock valued at $285,939. 2.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mirion Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Millennium Management LLC boosted its position in shares of Mirion Technologies by 509.8% in the 2nd quarter. Millennium Management LLC now owns 533,534 shares of the company’s stock worth $5,730,000 after purchasing an additional 446,034 shares in the last quarter. Corsair Capital Management L.P. raised 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 during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Mirion Technologies by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,559,576 shares of the company’s stock worth $17,265,000 after acquiring an additional 38,474 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in shares of Mirion Technologies in the second quarter worth $1,890,000. Finally, Telemark Asset Management LLC bought a new position in shares of Mirion Technologies during the third quarter valued at $4,428,000. 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.