Mirion Technologies, Inc. (NYSE:MIR) Given Average Recommendation of “Buy” by Analysts

Shares of Mirion Technologies, Inc. (NYSE:MIR) have been given a consensus rating of “Buy” by the nine analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $26.3333.

A number of research firms recently commented on MIR. Northland Capmk raised Mirion Technologies to a “strong-buy” rating in a report on Sunday, August 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Mirion Technologies in a report on Wednesday, October 8th. Citigroup boosted their price target on Mirion Technologies from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. The Goldman Sachs Group boosted their price target on Mirion Technologies from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Finally, Northland Securities boosted their price target on Mirion Technologies from $26.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, September 29th.

Mirion Technologies Stock Down 1.2%

MIR stock opened at $24.50 on Thursday. Mirion Technologies has a twelve month low of $12.00 and a twelve month high of $25.54. The company has a quick ratio of 2.01, a current ratio of 2.54 and a debt-to-equity ratio of 0.55. The stock has a market cap of $5.73 billion, a P/E ratio of 816.80 and a beta of 0.88. The business’s 50-day moving average price is $22.72 and its 200-day moving average price is $20.30.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Mirion Technologies had a return on equity of 6.57% and a net margin of 1.12%.The firm had revenue of $222.90 million for the quarter, compared to analysts’ expectations of $216.78 million. During the same period in the previous year, the firm earned $0.10 EPS. The business’s quarterly revenue was up 7.6% on a year-over-year basis. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. On average, equities research analysts forecast that Mirion Technologies will post 0.39 EPS for the current year.

Insider Activity

In other news, CEO Thomas D. Logan sold 325,000 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $21.31, for a total transaction of $6,925,750.00. Following the sale, the chief executive officer directly owned 3,742,305 shares of the company’s stock, valued at $79,748,519.55. This represents a 7.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is owned by company insiders.

Institutional Trading of Mirion Technologies

Several hedge funds have recently modified their holdings of the company. T. Rowe Price Investment Management Inc. raised its holdings in shares of Mirion Technologies by 1.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 20,710,389 shares of the company’s stock worth $300,301,000 after acquiring an additional 322,243 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Mirion Technologies by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,363,954 shares of the company’s stock worth $106,779,000 after acquiring an additional 178,260 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of Mirion Technologies by 45.9% during the 1st quarter. Brown Advisory Inc. now owns 5,560,461 shares of the company’s stock worth $80,627,000 after acquiring an additional 1,748,437 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in shares of Mirion Technologies by 10.3% during the 1st quarter. Alyeska Investment Group L.P. now owns 4,150,262 shares of the company’s stock worth $60,179,000 after acquiring an additional 388,947 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Mirion Technologies by 43.9% during the 1st quarter. American Century Companies Inc. now owns 3,432,814 shares of the company’s stock valued at $49,776,000 after purchasing an additional 1,047,781 shares during the last quarter. 78.51% of the stock is owned by hedge funds and other institutional investors.

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.