Mirion Technologies (NYSE:MIR) Now Covered by Analysts at Robert W. Baird

Analysts at Robert W. Baird initiated coverage on shares of Mirion Technologies (NYSE:MIR - Get Free Report) in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The firm set an "outperform" rating and a $22.00 price target on the stock. Robert W. Baird's price objective points to a potential upside of 25.21% from the stock's current price.

MIR has been the topic of a number of other research reports. Citigroup upped their target price on Mirion Technologies from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. B. Riley assumed coverage on shares of Mirion Technologies in a report on Thursday, September 26th. They set a "buy" rating and a $14.00 target price for the company. Finally, The Goldman Sachs Group upped their price target 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 analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Mirion Technologies currently has an average rating of "Buy" and an average price target of $19.25.

Mirion Technologies Stock Up 0.7 %

NYSE MIR traded up $0.13 on Thursday, hitting $17.57. The stock had a trading volume of 2,493,190 shares, compared to its average volume of 1,437,613. Mirion Technologies has a 52-week low of $9.11 and a 52-week high of $18.81. The business's fifty day moving average price is $15.72 and its 200 day moving average price is $12.39. 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 stock has a market cap of $4.08 billion, a price-to-earnings ratio of -51.68 and a beta of 0.76.

Mirion Technologies (NYSE:MIR - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.02). Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. The company had revenue of $206.80 million during the quarter, compared to analyst estimates of $203.67 million. During the same quarter last year, the business earned $0.03 earnings per share. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. Equities research analysts anticipate that Mirion Technologies will post 0.33 earnings per share for the current year.

Insider Activity at Mirion Technologies

In other news, insider Emmanuelle Lee sold 3,405 shares of the company's stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas D. Logan sold 7,500 shares of Mirion Technologies stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $14.11, for a total transaction of $105,825.00. Following the completion of the sale, the chief executive officer now directly owns 1,544,017 shares in the company, valued at $21,786,079.87. This represents a 0.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,405 shares of company stock worth $285,939 in the last three months. Company insiders own 2.20% of the company's stock.

Institutional Investors Weigh In On Mirion Technologies

Several institutional investors have recently bought and sold shares of the company. Essex Investment Management Co. LLC grew its holdings 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 worth $3,891,000 after buying an additional 980 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Mirion Technologies by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 48,968 shares of the company's stock worth $526,000 after acquiring an additional 1,045 shares during the period. Rhumbline Advisers grew its holdings in shares of 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 purchasing an additional 1,340 shares during the period. Oppenheimer & Co. Inc. increased its position in Mirion Technologies by 4.7% during 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 purchased a new position in Mirion Technologies during the second quarter worth about $39,000. 78.51% of the stock is currently owned by institutional investors and hedge funds.

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.