Mirion Technologies (NYSE:MIR) Price Target Raised to $29.00

Mirion Technologies (NYSE:MIR) had its price objective raised by Northland Securities from $26.00 to $29.00 in a research report report published on Monday,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other equities analysts have also recently weighed in on MIR. Northland Capmk raised shares of Mirion Technologies to a “strong-buy” rating in a research note on Sunday, August 24th. JPMorgan Chase & Co. began coverage on Mirion Technologies in a report on Friday, September 26th. They set an “overweight” rating and a $28.00 price target for the company. Robert W. Baird upped their price objective on shares of Mirion Technologies from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Monday. B. Riley reissued a “buy” rating and issued a $22.00 price target (up from $17.00) on shares of Mirion Technologies in a report on Wednesday, July 23rd. Finally, Wall Street Zen cut Mirion Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Two analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $25.67.

Mirion Technologies Trading Down 0.6%

Shares of NYSE:MIR opened at $23.13 on Monday. The company’s 50-day moving average price is $21.84 and its two-hundred day moving average price is $19.04. Mirion Technologies has a one year low of $10.83 and a one year high of $25.16. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.54 and a quick ratio of 2.01. The stock has a market capitalization of $5.41 billion, a PE ratio of 770.83 and a beta of 0.88.

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

Insider Transactions at Mirion Technologies

In other Mirion Technologies news, CEO Thomas D. Logan sold 325,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer owned 3,742,305 shares in the company, valued at $79,748,519.55. This trade represents a 7.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Mirion Technologies by 36.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 399,610 shares of the company’s stock worth $6,973,000 after purchasing an additional 106,773 shares during the period. Mackenzie Financial Corp raised its position in shares of Mirion Technologies by 73.6% in the 4th quarter. Mackenzie Financial Corp now owns 21,908 shares of the company’s stock valued at $382,000 after buying an additional 9,291 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Mirion Technologies by 2,310.3% during the 1st quarter. GAMMA Investing LLC now owns 7,279 shares of the company’s stock worth $106,000 after acquiring an additional 6,977 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of Mirion Technologies by 50.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 134,005 shares of the company’s stock worth $1,943,000 after acquiring an additional 45,175 shares in the last quarter. Finally, Register Financial Advisors LLC bought a new position in Mirion Technologies in the first quarter valued at approximately $425,000. 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.