Mirion Technologies, Inc. (NYSE:MIR) Receives $19.25 Average Target Price from Brokerages

Shares of Mirion Technologies, Inc. (NYSE:MIR - Get Free Report) have been assigned an average recommendation of "Buy" from the five ratings firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $19.25.

A number of analysts have recently issued reports on MIR shares. The Goldman Sachs Group increased their price target on shares of Mirion Technologies from $16.00 to $21.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Citigroup increased their price objective on Mirion Technologies from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Baird R W upgraded Mirion Technologies to a "strong-buy" rating in a report on Thursday, December 19th. Finally, Robert W. Baird started coverage on Mirion Technologies in a report on Thursday, December 19th. They issued an "outperform" rating and a $22.00 price objective on the stock.

Mirion Technologies Trading Down 0.9 %

MIR stock traded down $0.15 during mid-day trading on Friday, reaching $16.16. 2,083,548 shares of the stock traded hands, compared to its average volume of 2,032,644. 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 has a 52-week low of $9.11 and a 52-week high of $18.81. The company has a market cap of $3.75 billion, a P/E ratio of -47.51 and a beta of 0.73. The stock's fifty day moving average is $17.02 and its 200-day moving average is $14.03.

Mirion Technologies (NYSE:MIR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Mirion Technologies had a negative net margin of 7.84% and a positive return on equity of 4.33%. As a group, sell-side analysts expect that Mirion Technologies will post 0.33 earnings per share for the current year.

Hedge Funds Weigh In On Mirion Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Mirion Technologies by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 23,909,802 shares of the company's stock valued at $417,226,000 after purchasing an additional 227,178 shares during the last quarter. State Street Corp grew its holdings in Mirion Technologies by 2.7% during the third quarter. State Street Corp now owns 5,365,728 shares of the company's stock valued at $59,399,000 after purchasing an additional 138,648 shares during the last quarter. Geode Capital Management LLC grew its holdings in Mirion Technologies by 3.4% during 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 last quarter. Corsair Capital Management L.P. grew its holdings in Mirion Technologies by 83.9% during the third quarter. Corsair Capital Management L.P. now owns 3,160,850 shares of the company's stock valued at $34,991,000 after purchasing an additional 1,441,846 shares during the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in shares of Mirion Technologies in the fourth quarter worth $53,066,000. Institutional investors and hedge funds own 78.51% of the company's stock.

About Mirion Technologies

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.