Mirion Technologies (NYSE:MIR) Rating Increased to Strong-Buy at Baird R W

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

A number of other equities research analysts also recently issued reports on MIR. Robert W. Baird began coverage on shares of Mirion Technologies in a research report on Thursday. They set an “outperform” rating and a $22.00 price objective for the company. B. Riley initiated coverage on Mirion Technologies in a research note on Thursday, September 26th. They issued a “buy” rating and a $14.00 price objective on the stock. Citigroup increased their price objective on shares of Mirion Technologies from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Finally, The Goldman Sachs Group increased 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. Three investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Mirion Technologies has an average rating of “Buy” and a consensus target price of $19.25.

Mirion Technologies Stock Performance

Shares of NYSE MIR opened at $17.57 on Thursday. The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43. The firm’s 50-day moving average price is $15.81 and its 200-day moving average price is $12.42. Mirion Technologies has a 52-week low of $9.11 and a 52-week high of $18.81. The company has a market cap of $4.08 billion, a PE ratio of -51.68 and a beta of 0.76.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The firm had revenue of $206.80 million for the quarter, compared to the consensus estimate of $203.67 million. Mirion Technologies had a negative net margin of 7.84% and a positive return on equity of 4.33%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.03 earnings per share. As a group, analysts anticipate that Mirion Technologies will post 0.33 EPS for the current year.

Insiders Place Their Bets

In other Mirion Technologies news, insider Emmanuelle Lee sold 5,000 shares of the stock in a transaction on 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 owns 138,193 shares of the company’s stock, valued at approximately $1,464,845.80. This trade represents a 3.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas D. Logan sold 7,500 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was 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 directly 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 disclosure for this sale can be found here. Insiders sold 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

A number of large investors have recently made changes to their positions in the stock. American Century Companies Inc. lifted its position in Mirion Technologies by 61.9% during the second quarter. American Century Companies Inc. now owns 3,942,571 shares of the company’s stock valued at $42,343,000 after purchasing an additional 1,507,101 shares during the period. Corsair Capital Management L.P. boosted its position in shares of Mirion Technologies by 83.9% during the 3rd quarter. Corsair Capital Management L.P. now owns 3,160,850 shares of the company’s stock valued at $34,991,000 after acquiring an additional 1,441,846 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Mirion Technologies by 20.3% in the second quarter. Dimensional Fund Advisors LP now owns 6,111,933 shares of the company’s stock worth $65,642,000 after acquiring an additional 1,031,966 shares during the period. Nicholas Investment Partners LP acquired a new stake in shares of Mirion Technologies during the second quarter valued at about $5,223,000. Finally, Millennium Management LLC raised its holdings in shares of Mirion Technologies by 509.8% in the 2nd quarter. Millennium Management LLC now owns 533,534 shares of the company’s stock valued at $5,730,000 after buying an additional 446,034 shares during the period. 78.51% of the stock is 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.