Mirion Technologies, Inc. (NYSE:MIR) Receives Average Rating of “Buy” from Brokerages

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

A number of research analysts have issued reports on the company. Citigroup lifted their price objective on Mirion Technologies from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Robert W. Baird assumed coverage on shares of Mirion Technologies in a research note on Thursday, December 19th. They issued an “outperform” rating and a $22.00 price target on the stock. Baird R W upgraded shares of Mirion Technologies to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group upped their target price on shares of Mirion Technologies from $16.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th.

Mirion Technologies Price Performance

MIR stock opened at $16.51 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.55 and a current ratio of 2.16. The firm has a 50 day moving average price of $17.03 and a 200-day moving average price of $13.91. Mirion Technologies has a 52-week low of $9.11 and a 52-week high of $18.81. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of -48.56 and a beta of 0.73.

Hedge Funds Weigh In On Mirion Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of MIR. Raymond James Financial Inc. purchased a new position in shares of Mirion Technologies during the fourth quarter valued at approximately $17,164,000. Charles Schwab Investment Management Inc. raised its stake in Mirion Technologies by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,599,211 shares of the company’s stock valued at $27,906,000 after buying an additional 39,635 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Mirion Technologies by 3,248.7% during the 4th quarter. US Bancorp DE now owns 6,262 shares of the company’s stock valued at $109,000 after buying an additional 6,075 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Mirion Technologies by 2.0% in the 4th quarter. Bank of New York Mellon Corp now owns 661,429 shares of the company’s stock worth $11,542,000 after buying an additional 13,248 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Mirion Technologies in the fourth quarter worth $394,000. 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.