Mirion Technologies (NYSE:MIR) Now Covered by Robert W. Baird

Analysts at Robert W. Baird assumed coverage on shares of Mirion Technologies (NYSE:MIR) in a report released on Thursday,Benzinga reports. The firm set an “outperform” rating and a $22.00 price target on the stock. Robert W. Baird’s price target points to a potential upside of 26.15% from the stock’s previous close.

Several other research firms have also recently issued reports on MIR. The Goldman Sachs Group raised their target price on Mirion Technologies from $16.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. 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. Finally, B. Riley began coverage on Mirion Technologies in a report on Thursday, September 26th. They set a “buy” rating and a $14.00 target price for the company. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $19.25.

Mirion Technologies Price Performance

MIR opened at $17.44 on Thursday. 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 has a 1 year low of $9.11 and a 1 year high of $18.81. The stock’s 50 day simple moving average is $15.72 and its 200 day simple moving average is $12.39. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of -51.29 and a beta of 0.76.

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). Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. The firm had revenue of $206.80 million during the quarter, compared to the consensus estimate of $203.67 million. During the same quarter in the prior year, the business posted $0.03 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, analysts predict that Mirion Technologies will post 0.33 earnings per share for the current year.

Insider Buying and Selling at Mirion Technologies

In related news, CEO Thomas D. Logan sold 7,500 shares of Mirion Technologies stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $10.47, for a total transaction of $78,525.00. Following the sale, the chief executive officer now directly owns 1,544,017 shares in the company, valued at $16,165,857.99. The trade was a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Emmanuelle Lee sold 3,405 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $14.27, for a total value of $48,589.35. 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.

Institutional Investors Weigh In On Mirion Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC bought a new stake in shares of Mirion Technologies in the 3rd quarter worth approximately $170,000. SkyView Investment Advisors LLC purchased a new stake in shares of Mirion Technologies in the third quarter worth $111,000. Geode Capital Management LLC increased its holdings in shares of Mirion Technologies by 3.4% during the third quarter. Geode Capital Management LLC now owns 4,502,455 shares of the company’s stock valued at $49,851,000 after acquiring an additional 147,408 shares in the last quarter. Barclays PLC raised its position in shares of Mirion Technologies by 325.0% in the 3rd quarter. Barclays PLC now owns 307,680 shares of the company’s stock worth $3,405,000 after purchasing an additional 235,288 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in Mirion Technologies in the 3rd quarter worth about $303,000. Hedge funds and other 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.