Brokerages Set Mirion Technologies, Inc. (NYSE:MIR) PT at $23.00

Mirion Technologies, Inc. (NYSE:MIR - Get Free Report) has earned a consensus recommendation of "Buy" from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $23.00.

A number of brokerages have commented on MIR. Northland Securities began coverage on Mirion Technologies in a research report on Monday, August 25th. They set an "outperform" rating and a $26.00 price target for the company. Robert W. Baird lifted their price target on Mirion Technologies from $20.00 to $22.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. B. Riley reaffirmed a "buy" rating and set a $22.00 price target (up previously from $17.00) on shares of Mirion Technologies in a research report on Wednesday, July 23rd. Northland Capmk raised Mirion Technologies to a "strong-buy" rating in a research report on Sunday, August 24th. Finally, Wall Street Zen cut Mirion Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th.

Insider Activity

In other news, CEO Thomas D. Logan sold 325,000 shares of the business's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $21.31, for a total value of $6,925,750.00. Following the completion of the transaction, the chief executive officer owned 3,742,305 shares of the company's stock, valued at $79,748,519.55. The trade was a 7.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 6.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Mirion Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. KBC Group NV lifted its holdings in shares of Mirion Technologies by 31.0% in the 1st quarter. KBC Group NV now owns 10,485 shares of the company's stock valued at $152,000 after buying an additional 2,483 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of 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 buying an additional 1,820 shares during the period. BNP Paribas Financial Markets purchased a new position in shares of Mirion Technologies in the 4th quarter valued at about $480,000. Xponance Inc. raised its holdings in Mirion Technologies by 5.7% in the 1st quarter. Xponance Inc. now owns 15,793 shares of the company's stock worth $229,000 after purchasing an additional 851 shares during the period. Finally, Victory Capital Management Inc. raised its holdings 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 worth $14,568,000 after purchasing an additional 977,221 shares during the period. Institutional investors and hedge funds own 78.51% of the company's stock.

Mirion Technologies Trading Up 9.7%

MIR traded up $2.03 during trading on Wednesday, hitting $23.02. 10,782,182 shares of the stock were exchanged, compared to its average volume of 2,540,089. Mirion Technologies has a 1 year low of $9.11 and a 1 year high of $23.10. The firm has a 50 day simple moving average of $21.05 and a 200 day simple moving average of $17.99. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of 767.20 and a beta of 0.82. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.01 and a current ratio of 2.54.

Mirion Technologies (NYSE:MIR - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. The business had revenue of $222.90 million for the quarter, compared to the consensus estimate of $216.78 million. Mirion Technologies had a return on equity of 6.57% and a net margin of 1.12%.The business's revenue was up 7.6% compared to the same quarter last year. During the same period last year, the business posted $0.10 EPS. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. As a group, equities analysts expect that Mirion Technologies will post 0.39 EPS for the current 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.