Citigroup Has Lowered Expectations for Mirion Technologies (NYSE:MIR) Stock Price

Mirion Technologies (NYSE:MIR) had its price objective lowered by stock analysts at Citigroup from $20.00 to $17.00 in a report released on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 22.15% from the stock’s current price.

MIR has been the subject of several other reports. Robert W. Baird decreased their price objective on shares of Mirion Technologies from $22.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday, April 4th. Baird R W raised Mirion Technologies to a “strong-buy” rating in a report on Thursday, December 19th. Three analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $18.00.

Mirion Technologies Stock Up 1.6 %

Shares of NYSE MIR opened at $13.92 on Monday. The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $14.87 and its two-hundred day moving average is $15.46. Mirion Technologies has a 52-week low of $9.11 and a 52-week high of $18.81. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of -73.25 and a beta of 0.75.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Mirion Technologies had a positive return on equity of 4.78% and a negative net margin of 4.21%. Research analysts predict that Mirion Technologies will post 0.39 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MIR. GAMMA Investing LLC lifted its position in Mirion Technologies by 2,310.3% in the first quarter. GAMMA Investing LLC now owns 7,279 shares of the company’s stock valued at $106,000 after acquiring an additional 6,977 shares during the last quarter. Integrated Advisors Network LLC lifted its holdings in shares of Mirion Technologies by 70.5% in the 4th quarter. Integrated Advisors Network LLC now owns 18,491 shares of the company’s stock valued at $323,000 after purchasing an additional 7,647 shares during the last quarter. Polar Asset Management Partners Inc. acquired a new stake in shares of Mirion Technologies in the 4th quarter valued at about $3,052,000. Mackenzie Financial Corp grew its stake in Mirion Technologies by 73.6% during the 4th quarter. Mackenzie Financial Corp now owns 21,908 shares of the company’s stock worth $382,000 after buying an additional 9,291 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Mirion Technologies by 36.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 399,610 shares of the company’s stock worth $6,973,000 after buying an additional 106,773 shares during the period. 78.51% of the stock is owned by hedge funds and other 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.