Citigroup Has Lowered Expectations for Mirion Technologies (NYSE:MIR) Stock Price

Mirion Technologies (NYSE:MIR - Free Report) had its target price decreased by Citigroup from $20.00 to $17.00 in a report published on Monday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

A number of other equities research analysts have also weighed in on the company. Baird R W raised Mirion Technologies to a "strong-buy" rating in a research note on Thursday, December 19th. Robert W. Baird cut their target price on shares of Mirion Technologies from $22.00 to $20.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Mirion Technologies presently has a consensus rating of "Buy" and a consensus price target of $18.75.

Mirion Technologies Price Performance

NYSE MIR traded down $0.05 during trading hours on Monday, reaching $13.79. 914,653 shares of the stock traded hands, compared to its average volume of 1,667,278. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.16 and a quick ratio of 1.55. The company has a market cap of $3.20 billion, a price-to-earnings ratio of -72.56 and a beta of 0.75. The stock has a 50 day simple moving average of $14.72 and a two-hundred day simple moving average of $15.49. Mirion Technologies has a 1 year low of $9.11 and a 1 year high of $18.81.

Mirion Technologies (NYSE:MIR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Mirion Technologies had a negative net margin of 4.21% and a positive return on equity of 4.78%. On average, analysts predict that Mirion Technologies will post 0.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Mirion Technologies by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 23,909,802 shares of the company's stock worth $417,226,000 after buying an additional 227,178 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Mirion Technologies by 1.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 20,388,146 shares of the company's stock valued at $355,774,000 after purchasing an additional 216,258 shares during the period. Janus Henderson Group PLC boosted its position in shares of Mirion Technologies by 2.8% during the fourth quarter. Janus Henderson Group PLC now owns 8,330,495 shares of the company's stock valued at $145,367,000 after purchasing an additional 229,718 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Mirion Technologies by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,185,694 shares of the company's stock valued at $125,391,000 after purchasing an additional 171,918 shares in the last quarter. Finally, State Street Corp raised its holdings in Mirion Technologies by 2.7% in the third quarter. State Street Corp now owns 5,365,728 shares of the company's stock worth $59,399,000 after purchasing an additional 138,648 shares in the last quarter. 78.51% of the stock is currently owned by 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.