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

Key Points

• Mirion Technologies, Inc. has received a consensus "Buy" recommendation from nine brokerages, with an average twelve-month price target of $26.33.
• The company's stock opened at $23.34, reflecting a market cap of $5.46 billion and a price-to-earnings ratio of 777.83.
• CEO Thomas D. Logan recently sold 325,000 shares at an average price of $21.31, decreasing his ownership stake by approximately 8%.

Mirion Technologies, Inc. (NYSE:MIR - Get Free Report) has received a consensus recommendation of "Buy" from the nine ratings firms that are covering the company, Marketbeat Ratings reports. One equities research 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 twelve-month price objective among analysts that have issued a report on the stock in the last year is $26.3333.

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Mirion Technologies in a research report on Friday, September 26th. They set an "overweight" rating and a $28.00 price objective on the stock. Wall Street Zen cut shares of Mirion Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Weiss Ratings reiterated a "hold (c)" rating on shares of Mirion Technologies in a research report on Wednesday, October 8th. The Goldman Sachs Group boosted their price objective on shares of Mirion Technologies from $22.00 to $25.00 and gave the company a "buy" rating in a research report on Tuesday, September 16th. Finally, B. Riley reiterated a "buy" rating and set a $22.00 price objective (up previously from $17.00) on shares of Mirion Technologies in a research report on Wednesday, July 23rd.

Mirion Technologies Price Performance

Mirion Technologies stock opened at $23.34 on Thursday. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 777.83 and a beta of 0.88. The firm's fifty day moving average is $22.49 and its 200 day moving average is $19.98. The company has a quick ratio of 2.01, a current ratio of 2.54 and a debt-to-equity ratio of 0.55. Mirion Technologies has a 52-week low of $12.00 and a 52-week high of $25.54.

Mirion Technologies (NYSE:MIR - Get Free Report) last released 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. Mirion Technologies had a net margin of 1.12% and a return on equity of 6.57%. The company had revenue of $222.90 million for the quarter, compared to the consensus estimate of $216.78 million. During the same quarter in the prior year, the firm earned $0.10 earnings per share. Mirion Technologies's 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. Sell-side analysts forecast that Mirion Technologies will post 0.39 EPS for the current fiscal year.

Insider Activity at Mirion Technologies

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 transaction, the chief executive officer directly owned 3,742,305 shares in the company, valued at approximately $79,748,519.55. This represents a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 6.30% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. grew its holdings in shares of Mirion Technologies by 2.7% in the second quarter. Ameritas Investment Partners Inc. now owns 21,455 shares of the company's stock worth $462,000 after purchasing an additional 557 shares during the last quarter. Simon Quick Advisors LLC grew its holdings in shares of Mirion Technologies by 2.4% in the second quarter. Simon Quick Advisors LLC now owns 25,300 shares of the company's stock worth $545,000 after purchasing an additional 595 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Mirion Technologies by 24.0% in the second quarter. Nisa Investment Advisors LLC now owns 3,366 shares of the company's stock worth $72,000 after purchasing an additional 651 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Mirion Technologies by 96.5% in the third quarter. Farther Finance Advisors LLC now owns 1,651 shares of the company's stock worth $38,000 after purchasing an additional 811 shares during the last quarter. Finally, Xponance Inc. grew its holdings in shares of Mirion Technologies by 5.7% in the first quarter. Xponance Inc. now owns 15,793 shares of the company's stock worth $229,000 after purchasing an additional 851 shares during the last quarter. 78.51% of the stock is currently owned by 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.

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