Baird R W Upgrades Mirion Technologies (NYSE:MIR) to “Strong-Buy”

Baird R W upgraded shares of Mirion Technologies (NYSE:MIR) to a strong-buy rating in a research note published on Thursday morning,Zacks.com reports.

Several other analysts also recently weighed in on the stock. Citigroup lifted their target price 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. The Goldman Sachs Group boosted their price target on Mirion Technologies from $16.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Robert W. Baird began coverage on Mirion Technologies in a research note on Thursday. They issued an “outperform” rating and a $22.00 price objective for the company. Finally, B. Riley assumed coverage on Mirion Technologies in a research note on Thursday, September 26th. They set a “buy” rating and a $14.00 price target for the company. Three research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Mirion Technologies has an average rating of “Buy” and a consensus target price of $19.25.

Mirion Technologies Stock Up 0.7 %

MIR stock opened at $17.57 on Thursday. Mirion Technologies has a twelve month low of $9.11 and a twelve month high of $18.81. The stock has a market cap of $4.08 billion, a P/E ratio of -51.68 and a beta of 0.76. The company has a current ratio of 2.16, a quick ratio of 1.55 and a debt-to-equity ratio of 0.43. The company’s 50 day moving average is $15.81 and its two-hundred day moving average is $12.42.

Mirion Technologies (NYSE:MIR) last announced its earnings results on Tuesday, October 29th. The company reported $0.08 EPS 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 business had revenue of $206.80 million during the quarter, compared to analyst estimates of $203.67 million. During the same period in the previous year, the firm earned $0.03 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. Research analysts expect that Mirion Technologies will post 0.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Mirion Technologies

In other Mirion Technologies news, insider Emmanuelle Lee sold 3,405 shares of Mirion Technologies stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $14.27, for a total transaction of $48,589.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas D. Logan sold 7,500 shares of the stock in a transaction on Thursday, October 24th. The stock was 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 of the company’s stock, valued at $21,786,079.87. The trade was a 0.48 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,405 shares of company stock worth $285,939. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MIR. Essex Investment Management Co. LLC lifted its holdings in Mirion Technologies by 0.3% during the 3rd quarter. Essex Investment Management Co. LLC now owns 351,478 shares of the company’s stock worth $3,891,000 after buying an additional 980 shares during the last quarter. Arizona State Retirement System lifted its holdings in Mirion Technologies by 2.2% in the second quarter. Arizona State Retirement System now owns 48,968 shares of the company’s stock worth $526,000 after acquiring an additional 1,045 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Mirion Technologies by 0.4% in the 2nd quarter. Rhumbline Advisers now owns 325,569 shares of the company’s stock worth $3,497,000 after purchasing an additional 1,340 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in Mirion Technologies by 4.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 58,260 shares of the company’s stock valued at $645,000 after purchasing an additional 2,595 shares during the period. Finally, Innealta Capital LLC bought a new position in Mirion Technologies during the 2nd quarter worth $39,000. Institutional investors and hedge funds 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.