Mirion Technologies (NYSE:MIR) Receives "Hold (C)" Rating from Weiss Ratings

Key Points

• Mirion Technologies received a "hold (c)" rating from Weiss Ratings, alongside varying ratings from other analysts, with a consensus rating of "Buy" and an average price target of $25.67.
• The company's stock opened at $23.91 and has a 52-week range between $12.00 and $25.16, indicating substantial growth potential.
• In recent insider trading, CEO Thomas D. Logan sold 325,000 shares at an average price of $21.31, decreasing his ownership in the company by nearly 8%.

Mirion Technologies (NYSE:MIR - Get Free Report)'s stock had its "hold (c)" rating reissued by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

MIR has been the topic of a number of other research reports. The Goldman Sachs Group upped their target price on shares of Mirion Technologies from $22.00 to $25.00 and gave the company a "buy" rating in a research note on Tuesday, September 16th. Northland Securities upped their target price on shares of Mirion Technologies from $26.00 to $29.00 and gave the company an "outperform" rating in a research note on Monday, September 29th. B. Riley reissued a "buy" rating and issued a $22.00 target price (up previously from $17.00) on shares of Mirion Technologies in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. started coverage on shares of Mirion Technologies in a research note on Friday, September 26th. They issued an "overweight" rating and a $28.00 target price on the stock. Finally, Northland Capmk raised shares of Mirion Technologies to a "strong-buy" rating in a research note on Sunday, August 24th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $25.67.

Mirion Technologies Stock Performance

NYSE MIR opened at $23.91 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.54 and a quick ratio of 2.01. The firm has a market capitalization of $5.59 billion, a price-to-earnings ratio of 797.00 and a beta of 0.88. The company's fifty day moving average is $21.94 and its two-hundred day moving average is $19.32. Mirion Technologies has a 52-week low of $12.00 and a 52-week high of $25.16.

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

Insider Activity

In other 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 transaction, the chief executive officer directly owned 3,742,305 shares in the company, valued at approximately $79,748,519.55. This represents a 7.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.30% of the company's stock.

Hedge Funds Weigh In On Mirion Technologies

A number of large investors have recently modified their holdings of MIR. Fortress Investment Group LLC acquired a new position in shares of Mirion Technologies during the second quarter worth approximately $32,000. EverSource Wealth Advisors LLC raised its stake in shares of Mirion Technologies by 470.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company's stock worth $35,000 after buying an additional 1,354 shares during the last quarter. AlphaQuest LLC raised 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 worth $52,000 after buying an additional 3,604 shares during the last quarter. FSC Wealth Advisors LLC bought a new stake in shares of Mirion Technologies during the second quarter worth approximately $59,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Mirion Technologies during the first quarter worth approximately $68,000. 78.51% of the stock is currently 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.

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