Robert W. Baird Begins Coverage on Mirion Technologies (NYSE:MIR)

Stock analysts at Robert W. Baird began coverage on shares of Mirion Technologies (NYSE:MIR) in a report released on Thursday, MarketBeat reports. The brokerage set an “outperform” rating and a $22.00 price target on the stock. Robert W. Baird’s price target would indicate a potential upside of 22.97% from the stock’s current price.

A number of other equities research analysts have also commented on MIR. Citigroup upped their target price on Mirion Technologies from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. The Goldman Sachs Group upped their price objective 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, B. Riley started coverage on shares of 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 two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $19.25.

Mirion Technologies Trading Up 1.8 %

Shares of Mirion Technologies stock opened at $17.89 on Thursday. The firm’s 50 day simple moving average is $15.91 and its two-hundred day simple moving average is $12.47. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of -52.62 and a beta of 0.76. Mirion Technologies has a 12-month low of $9.11 and a 12-month high of $18.81. The company has a current ratio of 2.16, a quick ratio of 1.55 and a debt-to-equity ratio of 0.43.

Mirion Technologies (NYSE:MIR) last released 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 negative net margin of 7.84% and a positive return on equity of 4.33%. The firm 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 company earned $0.03 earnings per share. Mirion Technologies’s revenue was up 8.2% on a year-over-year basis. Analysts predict that Mirion Technologies will post 0.33 EPS for the current year.

Insiders Place Their Bets

In other Mirion Technologies news, CEO Thomas D. Logan sold 7,500 shares of Mirion Technologies stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $10.47, for a total value of $78,525.00. Following the completion of the transaction, the chief executive officer now owns 1,544,017 shares of the company’s stock, valued at approximately $16,165,857.99. The trade was a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Emmanuelle Lee sold 5,000 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $10.60, for a total transaction of $53,000.00. Following the sale, the insider now directly owns 138,193 shares in the company, valued at approximately $1,464,845.80. The trade was a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,405 shares of company stock worth $285,939. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of Mirion Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC acquired a new stake in Mirion Technologies in the 3rd quarter valued at $170,000. SkyView Investment Advisors LLC purchased a new position in Mirion Technologies during the third quarter valued at $111,000. Geode Capital Management LLC grew its position in shares of Mirion Technologies by 3.4% in the third quarter. Geode Capital Management LLC now owns 4,502,455 shares of the company’s stock valued at $49,851,000 after purchasing an additional 147,408 shares during the period. Barclays PLC increased its stake in shares of Mirion Technologies by 325.0% during the third quarter. Barclays PLC now owns 307,680 shares of the company’s stock worth $3,405,000 after purchasing an additional 235,288 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Mirion Technologies during the 3rd quarter worth about $303,000. 78.51% of the stock is currently 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.