Robert W. Baird Forecasts Strong Price Appreciation for Mirion Technologies (NYSE:MIR) Stock

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

Several other research firms have also issued reports on MIR. Citigroup lowered their price objective on Mirion Technologies from $20.00 to $17.00 and set a "buy" rating for the company in a research note on Monday, April 14th. B. Riley lowered their price objective on Mirion Technologies from $19.00 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $19.25.

Mirion Technologies Price Performance

NYSE MIR traded down $0.02 during trading on Wednesday, hitting $20.41. 1,440,811 shares of the stock traded hands, compared to its average volume of 2,159,758. The company has a market capitalization of $4.73 billion, a P/E ratio of -340.08 and a beta of 0.83. The firm has a 50-day simple moving average of $19.25 and a 200-day simple moving average of $16.76. The company has a quick ratio of 1.69, a current ratio of 2.23 and a debt-to-equity ratio of 0.44. Mirion Technologies has a 12-month low of $9.11 and a 12-month high of $22.21.

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. The business had revenue of $202.00 million during the quarter, compared to analysts' expectations of $199.34 million. Mirion Technologies had a positive return on equity of 6.07% and a negative net margin of 1.16%. The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 EPS. As a group, analysts predict that Mirion Technologies will post 0.39 EPS for the current year.

Insider Activity

In related news, Director Lawrence D. Kingsley sold 500,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $17.94, for a total transaction of $8,970,000.00. Following the completion of the sale, the director directly owned 61,287 shares of the company's stock, valued at approximately $1,099,488.78. This trade represents a 89.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.30% of the company's stock.

Institutional Investors Weigh In On Mirion Technologies

A number of institutional investors and hedge funds have recently modified their holdings of MIR. AlphaQuest LLC lifted its stake in shares of Mirion Technologies by 360,400.0% during the 1st quarter. AlphaQuest LLC now owns 3,605 shares of the company's stock worth $52,000 after acquiring an additional 3,604 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Mirion Technologies during the 1st quarter worth approximately $68,000. Smartleaf Asset Management LLC lifted its stake in shares of Mirion Technologies by 582.2% during the 1st quarter. Smartleaf Asset Management LLC now owns 5,205 shares of the company's stock worth $76,000 after acquiring an additional 4,442 shares during the last quarter. CWM LLC lifted its stake in shares of Mirion Technologies by 1,026.3% during the 1st quarter. CWM LLC now owns 6,431 shares of the company's stock worth $93,000 after acquiring an additional 5,860 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Mirion Technologies by 2,310.3% during the 1st quarter. GAMMA Investing LLC now owns 7,279 shares of the company's stock worth $106,000 after acquiring an additional 6,977 shares during the last quarter. 78.51% of the stock is 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.