Robert W. Baird Cuts Mirion Technologies (NYSE:MIR) Price Target to $20.00

Mirion Technologies (NYSE:MIR) had its target price decreased by Robert W. Baird from $22.00 to $20.00 in a research report report published on Friday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Several other equities analysts also recently weighed in on MIR. The Goldman Sachs Group boosted their target price on Mirion Technologies from $16.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Baird R W raised shares of Mirion Technologies to a “strong-buy” rating in a research note on Thursday, December 19th. Three investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Mirion Technologies has an average rating of “Buy” and an average price target of $18.75.

Mirion Technologies Price Performance

Mirion Technologies stock opened at $12.71 on Friday. Mirion Technologies has a 52-week low of $9.11 and a 52-week high of $18.81. The company has a market cap of $2.95 billion, a price-to-earnings ratio of -66.87 and a beta of 0.75. The firm’s fifty day moving average is $15.23 and its 200 day moving average is $15.34. The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43.

Mirion Technologies (NYSE:MIR) last announced its earnings results on Tuesday, February 11th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Mirion Technologies had a negative net margin of 4.21% and a positive return on equity of 4.78%. Sell-side analysts forecast that Mirion Technologies will post 0.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Mirion Technologies

Hedge funds and other institutional investors have recently modified their holdings of the business. US Bancorp DE boosted its holdings in Mirion Technologies by 3,248.7% during the 4th quarter. US Bancorp DE now owns 6,262 shares of the company’s stock valued at $109,000 after acquiring an additional 6,075 shares during the period. SkyView Investment Advisors LLC purchased a new stake in shares of Mirion Technologies during the third quarter valued at $111,000. Tower Research Capital LLC TRC grew its holdings in shares of Mirion Technologies by 162.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,649 shares of the company’s stock worth $116,000 after purchasing an additional 4,120 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Mirion Technologies in the 4th quarter worth about $120,000. Finally, Paloma Partners Management Co bought a new stake in Mirion Technologies during the 3rd quarter valued at about $122,000. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

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.