Mirion Technologies (NYSE:MIR) Coverage Initiated by Analysts at Northland Securities

Key Points

• Analysts at Northland Securities initiated coverage on Mirion Technologies (NYSE:MIR), setting an "outperform" rating with a price target of $26.00, indicating a potential upside of nearly 25% from its previous close.
• Despite the positive outlook from Northland, Wall Street Zen downgraded the stock from "buy" to "hold," while other analysts have also revised their price targets upward, reflecting varied opinions on the stock's performance.
• Mirion Technologies reported earnings of $0.11 per share for the last quarter, exceeding analysts' expectations, with a year-over-year revenue increase of 7.6%.

Equities research analysts at Northland Securities initiated coverage on shares of Mirion Technologies (NYSE:MIR - Get Free Report) in a report released on Monday,Briefing.com Automated Import reports. The firm set an "outperform" rating and a $26.00 price target on the stock. Northland Securities' target price suggests a potential upside of 24.97% from the company's previous close.

A number of other research firms also recently weighed in on MIR. Wall Street Zen downgraded shares of Mirion Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. B. Riley reiterated a "buy" rating and set a $22.00 price target (up from $17.00) on shares of Mirion Technologies in a report on Wednesday, July 23rd. Robert W. Baird upped their price target on shares of Mirion Technologies from $20.00 to $22.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. Finally, Citigroup upped their price target on shares of Mirion Technologies from $23.00 to $24.00 and gave the company a "buy" rating in a report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $23.00.

Mirion Technologies Stock Performance

Shares of NYSE MIR opened at $20.8050 on Monday. 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 cap of $4.87 billion, a P/E ratio of 693.50 and a beta of 0.83. The firm's fifty day moving average is $20.99 and its two-hundred day moving average is $17.74. Mirion Technologies has a 52-week low of $9.11 and a 52-week high of $22.80.

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 company had revenue of $222.90 million for the quarter, compared to the consensus estimate of $216.78 million. Mirion Technologies had a net margin of 1.12% and a return on equity of 6.57%. Mirion Technologies's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 EPS. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. As a group, analysts anticipate that Mirion Technologies will post 0.39 EPS for the current fiscal year.

Insider Buying and Selling at Mirion Technologies

In other news, CEO Thomas D. Logan sold 325,000 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 3,742,305 shares of the company's stock, 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 2.20% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MIR. LPL Financial LLC bought a new position in shares of Mirion Technologies during the 4th quarter worth approximately $211,000. Envestnet Asset Management Inc. raised its stake in shares of Mirion Technologies by 4.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 19,386 shares of the company's stock worth $338,000 after acquiring an additional 865 shares in the last quarter. MetLife Investment Management LLC raised its stake in shares of Mirion Technologies by 5.9% during the 4th quarter. MetLife Investment Management LLC now owns 124,137 shares of the company's stock worth $2,166,000 after acquiring an additional 6,878 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Mirion Technologies by 162.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,649 shares of the company's stock worth $116,000 after acquiring an additional 4,120 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Mirion Technologies by 13.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 140,276 shares of the company's stock worth $2,448,000 after acquiring an additional 16,910 shares in the last quarter. Institutional investors own 78.51% of the company's stock.

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.