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

Research analysts at Robert W. Baird initiated coverage on shares of Mirion Technologies (NYSE:MIR) in a note issued to investors on Thursday, Marketbeat.com reports. The brokerage set an “outperform” rating and a $22.00 price target on the stock. Robert W. Baird’s target price points to a potential upside of 22.97% from the company’s previous close.

Several other research firms also recently weighed in on MIR. B. Riley began coverage on Mirion Technologies in a research report on Thursday, September 26th. They set a “buy” rating and a $14.00 target price for the company. Citigroup lifted 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. 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. Three equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Mirion Technologies currently has an average rating of “Buy” and a consensus target price of $19.25.

Mirion Technologies Price Performance

Mirion Technologies stock opened at $17.89 on Thursday. The firm has a market capitalization of $4.16 billion, a PE 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 firm has a 50-day moving average price of $15.91 and a 200-day moving average price of $12.47. 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 announced 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 business had revenue of $206.80 million for the quarter, compared to analysts’ expectations of $203.67 million. During the same quarter last year, the firm earned $0.03 EPS. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, equities research analysts forecast that Mirion Technologies will post 0.33 EPS for the current year.

Insider Buying and Selling

In other Mirion Technologies news, 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 transaction of $48,589.35. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 in the company, valued at $16,165,857.99. This represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,405 shares of company stock valued at $285,939 over the last three months. 2.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Mirion Technologies

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