Mirion Technologies (NYSE:MIR) Given New $22.00 Price Target at Robert W. Baird

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

Other analysts have also recently issued research reports about the company. Citigroup decreased their target price on Mirion Technologies from $20.00 to $17.00 and set a "buy" rating for the company in a report on Monday, April 14th. B. Riley reduced their price target on Mirion Technologies from $19.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $19.25.

Mirion Technologies Trading Down 1.6%

Shares of NYSE:MIR traded down $0.34 during trading on Wednesday, reaching $20.44. 1,696,830 shares of the stock were exchanged, compared to its average volume of 2,155,893. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.69 and a current ratio of 2.23. Mirion Technologies has a 12-month low of $9.11 and a 12-month high of $22.21. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of -340.67 and a beta of 0.83. The firm's 50-day moving average price is $19.07 and its 200 day moving average price is $16.73.

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

Insider Buying and Selling

In related news, Director Lawrence D. Kingsley sold 500,000 shares of the business'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 transaction, the director directly owned 61,287 shares of the company's stock, valued at approximately $1,099,488.78. The trade was a 89.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 6.30% of the company's stock.

Hedge Funds Weigh In On Mirion Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Xponance Inc. raised its position in shares of Mirion Technologies by 5.7% in the 1st quarter. Xponance Inc. now owns 15,793 shares of the company's stock valued at $229,000 after purchasing an additional 851 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Mirion Technologies by 4.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 19,386 shares of the company's stock valued at $338,000 after purchasing an additional 865 shares in the last quarter. Principal Financial Group Inc. raised its position 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 purchasing an additional 1,820 shares in the last quarter. Swiss National Bank raised its position in shares of Mirion Technologies by 0.5% in the 4th quarter. Swiss National Bank now owns 376,800 shares of the company's stock valued at $6,575,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Summit Investment Advisors Inc. raised its position in shares of Mirion Technologies by 10.4% in the 4th quarter. Summit Investment Advisors Inc. now owns 21,611 shares of the company's stock valued at $377,000 after purchasing an additional 2,031 shares in the last quarter. 78.51% of the stock is owned by institutional investors and hedge funds.

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.