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

Shares of Mirion Technologies, Inc. (NYSE:MIR) have received a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $28.2857.

Several brokerages have weighed in on MIR. Evercore ISI began coverage on shares of Mirion Technologies in a report on Tuesday, November 25th. They set an “outperform” rating and a $29.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Mirion Technologies in a research report on Wednesday, October 8th. Citigroup lowered their target price on shares of Mirion Technologies from $35.00 to $33.00 and set a “buy” rating on the stock in a research note on Monday, December 8th. Robert W. Baird increased their price target on Mirion Technologies from $23.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Finally, Northland Securities raised their price target on Mirion Technologies from $26.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, September 29th.

Mirion Technologies Stock Performance

Shares of MIR opened at $24.16 on Friday. The company has a quick ratio of 4.32, a current ratio of 4.83 and a debt-to-equity ratio of 0.63. The business has a 50-day simple moving average of $25.42 and a two-hundred day simple moving average of $22.79. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of 219.61 and a beta of 0.94. Mirion Technologies has a 52 week low of $12.00 and a 52 week high of $30.28.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $223.10 million for the quarter, compared to analysts’ expectations of $222.17 million. Mirion Technologies had a return on equity of 7.09% and a net margin of 2.93%.The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.08 EPS. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. On average, analysts expect that Mirion Technologies will post 0.39 EPS for the current year.

Insider Transactions at Mirion Technologies

In related news, Director Lawrence D. Kingsley sold 350,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $24.73, for a total value of $8,655,500.00. Following the transaction, the director directly owned 3,509,075 shares of the company’s stock, valued at approximately $86,779,424.75. The trade was a 9.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Mirion Technologies

A number of hedge funds have recently made changes to their positions in the company. Tudor Investment Corp ET AL grew its holdings in Mirion Technologies by 174,900.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 17,500,000 shares of the company’s stock valued at $407,050,000 after buying an additional 17,490,000 shares in the last quarter. Swiss Life Asset Management Ltd bought a new position in shares of Mirion Technologies during the 3rd quarter valued at approximately $229,000. CIBC Bancorp USA Inc. purchased a new position in shares of Mirion Technologies in the third quarter valued at $583,000. Ovata Capital Management Ltd purchased a new position in shares of Mirion Technologies in the third quarter valued at $2,326,000. Finally, Maven Securities LTD bought a new stake in Mirion Technologies in the third quarter worth $6,396,000. 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.