Northland Securities Forecasts Strong Price Appreciation for Mirion Technologies (NYSE:MIR) Stock

Key Points

• Northland Securities has raised its target price for Mirion Technologies (NYSE:MIR) from $26.00 to $29.00, indicating a potential upside of 27.40% from the current stock price.
• The company reported a quarterly earnings per share of $0.11, surpassing estimates, and revenue of $222.90 million, which was above analysts' expectations.
• Overall, Mirion Technologies has received a consensus rating of "Buy" with a price target of $25.67 from various analysts, while 78.51% of its stock is owned by institutional investors and hedge funds.

Mirion Technologies (NYSE:MIR - Get Free Report) had its target price raised by investment analysts at Northland Securities from $26.00 to $29.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Northland Securities' target price would indicate a potential upside of 27.40% from the company's current price.

A number of other analysts have also weighed in on MIR. JPMorgan Chase & Co. assumed coverage on shares of Mirion Technologies in a research note on Friday. They issued an "overweight" rating and a $28.00 price target for the company. 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. B. Riley reissued a "buy" rating and set a $22.00 target price (up from $17.00) on shares of Mirion Technologies in a research note on Wednesday, July 23rd. Wall Street Zen lowered shares of Mirion Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Robert W. Baird increased their price objective on Mirion Technologies from $23.00 to $26.00 and gave the company an "outperform" rating in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $25.67.

Mirion Technologies Stock Performance

MIR traded down $1.00 during trading hours on Monday, hitting $22.76. The company's stock had a trading volume of 4,856,238 shares, compared to its average volume of 3,089,146. The company has a 50-day simple moving average of $21.75 and a 200 day simple moving average of $18.93. 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 firm has a market capitalization of $5.33 billion, a PE ratio of 758.47 and a beta of 0.82. Mirion Technologies has a fifty-two week low of $10.76 and a fifty-two week high of $25.16.

Mirion Technologies (NYSE:MIR - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $222.90 million for the quarter, compared to analysts' expectations of $216.78 million. Mirion Technologies had a net margin of 1.12% and a return on equity of 6.57%. The company's revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 earnings per share. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. As a group, sell-side analysts expect that Mirion Technologies will post 0.39 EPS for the current year.

Insider Buying and Selling at Mirion Technologies

In other news, CEO Thomas D. Logan sold 325,000 shares of Mirion Technologies stock in a transaction on Monday, August 11th. The stock was sold at an average price of $21.31, for a total transaction of $6,925,750.00. Following 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 filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.20% of the company's stock.

Hedge Funds Weigh In On Mirion Technologies

Several institutional investors and hedge funds have recently bought and sold shares of MIR. Fortress Investment Group LLC purchased a new stake in shares of Mirion Technologies in the second quarter worth approximately $32,000. EverSource Wealth Advisors LLC lifted its position in Mirion Technologies by 470.1% in the 2nd 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 in the last quarter. AlphaQuest LLC boosted 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 valued at $52,000 after buying an additional 3,604 shares during the period. FSC Wealth Advisors LLC purchased a new position in shares of Mirion Technologies during the 2nd quarter valued at $59,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Mirion Technologies in the first quarter worth $68,000. Hedge funds and other 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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