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

Mirion Technologies, Inc. (NYSE:MIR) has been assigned an average rating of “Buy” from the five brokerages that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $19.25.

Several analysts have commented on the company. Robert W. Baird initiated coverage on Mirion Technologies in a research note on Thursday, December 19th. They set an “outperform” rating and a $22.00 target price on the stock. B. Riley initiated coverage on Mirion Technologies in a research report on Thursday, September 26th. They set a “buy” rating and a $14.00 price objective on the stock. Baird R W raised Mirion Technologies to a “strong-buy” rating in a research report on Thursday, December 19th. The Goldman Sachs Group raised their price target on shares of Mirion Technologies from $16.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Citigroup boosted their price objective on shares of Mirion Technologies from $18.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, December 4th.

Insider Buying and Selling at Mirion Technologies

In related news, CEO Thomas D. Logan sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $14.11, for a total transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Emmanuelle Lee sold 3,405 shares of the 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 disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of Mirion Technologies

Several hedge funds have recently bought and sold shares of the stock. Schwartz Investment Counsel Inc. lifted its position in shares of Mirion Technologies by 1.3% during the 2nd quarter. Schwartz Investment Counsel Inc. now owns 1,519,300 shares of the company’s stock valued at $16,317,000 after buying an additional 20,000 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Mirion Technologies by 13.6% during the second quarter. Bank of New York Mellon Corp now owns 816,754 shares of the company’s stock valued at $8,772,000 after acquiring an additional 97,887 shares during the period. Legato Capital Management LLC lifted its position in shares of Mirion Technologies by 51.5% in the second quarter. Legato Capital Management LLC now owns 181,968 shares of the company’s stock valued at $1,954,000 after acquiring an additional 61,888 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Mirion Technologies in the second quarter worth about $39,000. Finally, Rhumbline Advisers grew its position in shares of Mirion Technologies by 0.4% during the second quarter. Rhumbline Advisers now owns 325,569 shares of the company’s stock worth $3,497,000 after purchasing an additional 1,340 shares in the last quarter. Institutional investors own 78.51% of the company’s stock.

Mirion Technologies Stock Performance

Shares of Mirion Technologies stock opened at $17.91 on Friday. Mirion Technologies has a 1 year low of $9.11 and a 1 year high of $18.81. The firm’s 50-day moving average is $15.99 and its 200 day moving average is $12.56. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of -52.68 and a beta of 0.76. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.16 and a quick ratio of 1.55.

Mirion Technologies (NYSE:MIR) last issued its 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 firm had revenue of $206.80 million during the quarter, compared to the consensus estimate of $203.67 million. Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.03 EPS. Sell-side analysts anticipate that Mirion Technologies will post 0.33 EPS for the current fiscal 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.