Mirion Technologies (NYSE:MIR) Upgraded to Strong-Buy at Northland Capmk

Key Points

• Mirion Technologies has received an upgrade to a "strong-buy" rating from Northland Capital Markets, indicating increased confidence in the company's stock performance.
• Several research firms have raised their price targets for Mirion Technologies, with estimates now ranging from $22.00 to $26.00, reflecting positive sentiment among analysts.
• The company reported a quarterly earnings per share of $0.11, exceeding analysts' expectations, and achieved 7.6% revenue growth compared to the previous year.

Northland Capmk upgraded shares of Mirion Technologies (NYSE:MIR - Free Report) to a strong-buy rating in a research note published on Sunday, August 24th,Zacks.com reports.

A number of other research firms also recently commented on MIR. B. Riley reaffirmed a "buy" rating and set a $22.00 price objective (up from $17.00) on shares of Mirion Technologies in a report on Wednesday, July 23rd. Northland Securities initiated coverage on shares of Mirion Technologies in a research report on Monday, August 25th. They set an "outperform" rating and a $26.00 target price for the company. Wall Street Zen cut shares of Mirion Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Robert W. Baird raised their price objective on shares of Mirion Technologies from $20.00 to $22.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Finally, Citigroup raised their price objective on shares of Mirion Technologies from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $23.00.

Mirion Technologies Stock Performance

Mirion Technologies stock traded down $0.38 during mid-day trading on Friday, reaching $20.48. The company had a trading volume of 1,510,205 shares, compared to its average volume of 2,209,913. The company has a quick ratio of 2.01, a current ratio of 2.54 and a debt-to-equity ratio of 0.55. Mirion Technologies has a 52 week low of $9.11 and a 52 week high of $22.80. The company has a 50 day moving average of $21.06 and a 200-day moving average of $17.89. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 682.63 and a beta of 0.82.

Mirion Technologies (NYSE:MIR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. The firm had revenue of $222.90 million during 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%. The business's revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. On average, sell-side analysts expect that Mirion Technologies will post 0.39 EPS for the current fiscal year.

Insider Transactions at Mirion Technologies

In related news, CEO Thomas D. Logan sold 325,000 shares of the business'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 completion of the transaction, the chief executive officer owned 3,742,305 shares in the company, valued at approximately $79,748,519.55. The trade was a 7.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.20% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Munro Partners bought a new position in Mirion Technologies in the second quarter valued at approximately $2,624,000. Nomura Holdings Inc. bought a new stake in Mirion Technologies during the second quarter worth $3,056,000. FORA Capital LLC bought a new stake in Mirion Technologies during the second quarter worth $1,268,000. Tower Research Capital LLC TRC raised its position in Mirion Technologies by 613.9% during the second quarter. Tower Research Capital LLC TRC now owns 39,878 shares of the company's stock worth $859,000 after acquiring an additional 34,292 shares in the last quarter. Finally, Captrust Financial Advisors bought a new stake in Mirion Technologies during the second quarter worth $220,000. Institutional investors own 78.51% of the company's stock.

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.