Mirion Technologies (NYSE:MIR) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Mirion Technologies (NYSE:MIR - Free Report) had its price target hoisted by Robert W. Baird from $20.00 to $22.00 in a report published on Wednesday,Benzinga reports. The firm currently has an outperform rating on the stock.

MIR has been the subject of several other research reports. Citigroup decreased their target price on Mirion Technologies from $20.00 to $17.00 and set a "buy" rating for the company in a research report on Monday, April 14th. B. Riley cut their price objective on shares of Mirion Technologies from $19.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Mirion Technologies currently has an average rating of "Buy" and a consensus target price of $19.25.

Mirion Technologies Trading Up 3.0%

NYSE:MIR traded up $0.60 during mid-day trading on Wednesday, reaching $20.82. 2,416,752 shares of the company's stock traded hands, compared to its average volume of 2,151,492. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.23 and a quick ratio of 1.69. Mirion Technologies has a 12-month low of $9.11 and a 12-month high of $22.21. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of 51.85 and a beta of 0.83. The company has a 50 day moving average price of $18.97 and a 200-day moving average price of $16.70.

Mirion Technologies (NYSE:MIR - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.02. Mirion Technologies had a negative net margin of 1.16% and a positive return on equity of 6.07%. The business had revenue of $202.00 million for the quarter, compared to analysts' expectations of $199.34 million. During the same quarter in the previous year, the business posted $0.06 earnings per share. The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. On average, sell-side analysts predict that Mirion Technologies will post 0.39 earnings per share for the current year.

Insider Buying and Selling at Mirion Technologies

In other news, Director Lawrence D. Kingsley sold 500,000 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were 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 in the company, valued at $1,099,488.78. This represents a 89.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 6.30% of the stock is owned by insiders.

Institutional Trading of Mirion Technologies

A number of institutional investors and hedge funds have recently modified their holdings of MIR. AlphaQuest LLC increased its holdings in Mirion Technologies by 360,400.0% in the 1st quarter. AlphaQuest LLC now owns 3,605 shares of the company's stock worth $52,000 after buying an additional 3,604 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Mirion Technologies during the first quarter valued at approximately $68,000. Smartleaf Asset Management LLC lifted its position in Mirion Technologies by 582.2% during the first quarter. Smartleaf Asset Management LLC now owns 5,205 shares of the company's stock valued at $76,000 after purchasing an additional 4,442 shares during the period. US Bancorp DE lifted its position in Mirion Technologies by 3,248.7% during the fourth quarter. US Bancorp DE now owns 6,262 shares of the company's stock valued at $109,000 after purchasing an additional 6,075 shares during the period. Finally, CWM LLC boosted its holdings in Mirion Technologies by 1,026.3% in the first quarter. CWM LLC now owns 6,431 shares of the company's stock worth $93,000 after purchasing an additional 5,860 shares during 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.