Mirion Technologies (NYSE:MIR) Stock Rating Upgraded by Baird R W

Mirion Technologies (NYSE:MIR) was upgraded by investment analysts at Baird R W to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

MIR has been the subject of a number of other reports. Citigroup boosted their price target on Mirion Technologies from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. The Goldman Sachs Group upped their target price 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. B. Riley initiated coverage on shares of Mirion Technologies in a research report on Thursday, September 26th. They issued a “buy” rating and a $14.00 price target on the stock. Finally, Robert W. Baird assumed 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. Three analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $19.25.

Mirion Technologies Stock Up 0.7 %

MIR opened at $17.57 on Thursday. Mirion Technologies has a twelve month low of $9.11 and a twelve month high of $18.81. 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 has a 50 day moving average price of $15.81 and a 200-day moving average price of $12.42. The stock has a market capitalization of $4.08 billion, a price-to-earnings 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). Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. The firm had revenue of $206.80 million during the quarter, compared to analysts’ expectations of $203.67 million. During the same quarter last year, the business earned $0.03 earnings per share. The business’s quarterly revenue was up 8.2% on a year-over-year basis. Equities research analysts forecast that Mirion Technologies will post 0.33 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Thomas D. Logan sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $14.11, for a total value of $105,825.00. Following the transaction, the chief executive officer now directly owns 1,544,017 shares of the company’s stock, valued at approximately $21,786,079.87. The trade was a 0.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Emmanuelle Lee sold 3,405 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $14.27, for a total transaction of $48,589.35. The disclosure for this sale can be found here. Insiders sold a total of 23,405 shares of company stock worth $285,939 over the last three months. 2.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Mirion Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of MIR. Innealta Capital LLC bought a new stake in Mirion Technologies in the 2nd quarter valued at $39,000. Quest Partners LLC increased its holdings in shares of Mirion Technologies by 680.5% in the third quarter. Quest Partners LLC now owns 6,728 shares of the company’s stock worth $74,000 after purchasing an additional 5,866 shares during the last quarter. SkyView Investment Advisors LLC purchased a new stake in shares of Mirion Technologies in the third quarter worth about $111,000. Integrated Advisors Network LLC bought a new position in Mirion Technologies during the third quarter valued at approximately $120,000. Finally, Paloma Partners Management Co purchased a new position in Mirion Technologies during the 3rd quarter valued at approximately $122,000. Institutional investors 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.