Mirion Technologies, Inc. (NYSE:MIR) Receives Consensus Rating of "Buy" from Brokerages

Key Points

• Mirion Technologies, Inc. (NYSE:MIR) has received an average recommendation of "Buy" from five ratings firms, with a 1-year price target averaging $22.25.
• Director Lawrence D. Kingsley sold 500,000 shares at $17.94 each, significantly reducing his stake in the company, which now consists of just over 61,000 shares.
• The company reported a Q2 EPS of $0.11, beating estimates of $0.10, alongside a revenue increase of 7.6% year-over-year, totaling $222.9 million.

Mirion Technologies, Inc. (NYSE:MIR - Get Free Report) has been given a consensus rating of "Buy" by the five research firms that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $22.25.

A number of research analysts have issued reports on MIR shares. Wall Street Zen downgraded shares of Mirion Technologies from a "buy" rating to a "hold" rating in a research report on Saturday. B. Riley restated a "buy" rating and set a $22.00 target price (up from $17.00) on shares of Mirion Technologies in a research report on Wednesday, July 23rd. Citigroup boosted their target price on Mirion Technologies from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, Robert W. Baird boosted their target price on Mirion Technologies from $20.00 to $22.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th.

Insider Activity at Mirion Technologies

In other news, Director Lawrence D. Kingsley sold 500,000 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $17.94, for a total transaction of $8,970,000.00. Following the sale, the director owned 61,287 shares of the company's stock, valued at $1,099,488.78. This trade represents a 89.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. KBC Group NV increased its position in shares of Mirion Technologies by 31.0% in the first quarter. KBC Group NV now owns 10,485 shares of the company's stock valued at $152,000 after acquiring an additional 2,483 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Mirion Technologies by 14.9% in the 1st quarter. Principal Financial Group Inc. now owns 14,057 shares of the company's stock valued at $204,000 after purchasing an additional 1,820 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in Mirion Technologies in the 4th quarter valued at about $480,000. Xponance Inc. grew its stake in Mirion Technologies by 5.7% in the 1st quarter. Xponance Inc. now owns 15,793 shares of the company's stock valued at $229,000 after buying an additional 851 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in Mirion Technologies by 3,556.6% in the 1st quarter. Victory Capital Management Inc. now owns 1,004,697 shares of the company's stock valued at $14,568,000 after buying an additional 977,221 shares during the last quarter. 78.51% of the stock is owned by institutional investors and hedge funds.

Mirion Technologies Price Performance

MIR traded down $0.73 during midday trading on Friday, hitting $21.56. The company had a trading volume of 406,754 shares, compared to its average volume of 2,529,945. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.01 and a current ratio of 2.54. The company has a market capitalization of $5.04 billion, a PE ratio of 719.83 and a beta of 0.83. Mirion Technologies has a twelve month low of $9.11 and a twelve month high of $22.80. The firm's 50-day simple moving average is $20.89 and its 200-day simple moving average is $17.45.

Mirion Technologies (NYSE:MIR - Get Free Report) last posted 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 net margin of 1.12% and a return on equity of 6.57%. The firm 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 posted $0.10 EPS. The company's quarterly revenue was up 7.6% compared to the same quarter last year. Equities research analysts predict that Mirion Technologies will post 0.39 EPS for the current fiscal year.

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.