Mirion Technologies (NYSE:MIR) Price Target Raised to $26.00 at Robert W. Baird

Key Points

• Robert W. Baird has raised the price target for Mirion Technologies from $23.00 to $26.00, indicating a potential upside of 9.22% from previous closing prices.
• Mirion Technologies reported a quarterly EPS of $0.11, beating expectations, with revenue increasing by 7.6% year-over-year to $222.90 million.
• CEO Thomas D. Logan sold 325,000 shares of the company's stock for approximately $6.93 million, leading to a 7.99% decrease in his ownership stake.

Mirion Technologies (NYSE:MIR - Get Free Report) had its target price upped by Robert W. Baird from $23.00 to $26.00 in a research note issued on Monday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Robert W. Baird's target price points to a potential upside of 9.22% from the stock's previous close.

MIR has been the topic of several other reports. Citigroup boosted their target price 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. Northland Capmk raised Mirion Technologies to a "strong-buy" rating in a research note on Sunday, August 24th. JPMorgan Chase & Co. started coverage on Mirion Technologies in a research report on Friday. They set an "overweight" rating and a $28.00 target price on the stock. Wall Street Zen lowered Mirion Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Northland Securities began coverage on Mirion Technologies in a report on Monday, August 25th. They set an "outperform" rating and a $26.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to data from MarketBeat, Mirion Technologies presently has an average rating of "Buy" and an average target price of $25.17.

Mirion Technologies Stock Up 11.1%

Shares of NYSE MIR opened at $23.81 on Monday. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 793.50 and a beta of 0.82. The company has a current ratio of 2.54, a quick ratio of 2.01 and a debt-to-equity ratio of 0.55. The stock has a 50-day moving average price of $21.75 and a two-hundred day moving average price of $18.93. Mirion Technologies has a 12 month low of $10.76 and a 12 month high of $25.16.

Mirion Technologies (NYSE:MIR - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. Mirion Technologies had a return on equity of 6.57% and a net margin of 1.12%.The firm had revenue of $222.90 million for the quarter, compared to analyst estimates of $216.78 million. During the same period last year, the firm posted $0.10 earnings per share. The business's revenue for the quarter was up 7.6% on a year-over-year basis. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. As a group, analysts forecast that Mirion Technologies will post 0.39 earnings per share for the current fiscal year.

Insider Activity

In related 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 transaction of $6,925,750.00. Following 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mirion Technologies

Several hedge funds have recently added to or reduced their stakes in the company. Fortress Investment Group LLC bought a new stake in shares of Mirion Technologies in the 2nd quarter valued at about $32,000. EverSource Wealth Advisors LLC lifted its position in Mirion Technologies by 470.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company's stock valued at $35,000 after purchasing an additional 1,354 shares during the last quarter. AlphaQuest LLC boosted its stake in shares of Mirion Technologies by 360,400.0% during the first quarter. AlphaQuest LLC now owns 3,605 shares of the company's stock valued at $52,000 after purchasing an additional 3,604 shares during the period. FSC Wealth Advisors LLC bought a new position in shares of Mirion Technologies in the second quarter worth approximately $59,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Mirion Technologies in the first quarter worth approximately $68,000. 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.

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