Mirion Technologies, Inc. (NYSE:MIR) Given Consensus Recommendation of "Buy" by Analysts

Key Points

• Mirion Technologies, Inc. has received a consensus recommendation of "Buy" from eight analysts, with an average 1-year price target of $24.50.
• CEO Thomas D. Logan sold 325,000 shares at an average price of $21.31, reducing his ownership stake by nearly 8% to approximately 3.74 million shares.
• In its most recent quarter, Mirion Technologies reported an EPS of $0.11, surpassing expectations and indicating a 7.6% year-over-year revenue growth.

Mirion Technologies, Inc. (NYSE:MIR - Get Free Report) has earned an average recommendation of "Buy" from the eight analysts that are currently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $24.50.

MIR has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their price objective on shares of Mirion Technologies from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Tuesday, September 16th. Northland Capmk upgraded shares of Mirion Technologies to a "strong-buy" rating in a research note on Sunday, August 24th. Wall Street Zen lowered shares of Mirion Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Robert W. Baird upped their target price on shares of Mirion Technologies from $20.00 to $22.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Finally, Citigroup upped their target price on shares of Mirion Technologies from $23.00 to $24.00 and gave the company a "buy" rating in a research note on Monday, July 14th.

Insider Activity

In other news, CEO Thomas D. Logan sold 325,000 shares of the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $21.31, for a total value of $6,925,750.00. Following the sale, the chief executive officer owned 3,742,305 shares in the company, valued at approximately $79,748,519.55. This represents a 7.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 6.30% of the company's stock.

Institutional Investors Weigh In On Mirion Technologies

Several institutional investors and hedge funds have recently bought and sold shares of MIR. Ameriprise Financial Inc. acquired a new stake in Mirion Technologies during the fourth quarter worth about $1,628,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Mirion Technologies by 36.5% in the 4th 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 last quarter. Mackenzie Financial Corp grew its position in Mirion Technologies by 73.6% in the 4th quarter. Mackenzie Financial Corp now owns 21,908 shares of the company's stock worth $382,000 after purchasing an additional 9,291 shares during the last quarter. GAMMA Investing LLC grew its position in Mirion Technologies by 2,310.3% in the 1st quarter. GAMMA Investing LLC now owns 7,279 shares of the company's stock worth $106,000 after purchasing an additional 6,977 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its position in Mirion Technologies by 50.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 134,005 shares of the company's stock worth $1,943,000 after purchasing an additional 45,175 shares during the last quarter. Institutional investors and hedge funds own 78.51% of the company's stock.

Mirion Technologies Stock Performance

Shares of MIR stock opened at $23.81 on Friday. Mirion Technologies has a 12 month low of $10.76 and a 12 month 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 firm has a market capitalization of $5.57 billion, a P/E ratio of 793.50 and a beta of 0.82. The company's fifty day moving average price is $21.75 and its two-hundred day moving average price is $18.89.

Mirion Technologies (NYSE:MIR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $216.78 million. During the same quarter in the previous year, the business posted $0.10 EPS. The firm's revenue 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, research analysts anticipate that Mirion Technologies will post 0.39 earnings per share for the current fiscal year.

Mirion Technologies Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.