Robert W. Baird Issues Positive Forecast for Mirion Technologies (NYSE:MIR) Stock Price

Mirion Technologies (NYSE:MIR) had its price objective boosted by Robert W. Baird from $23.00 to $26.00 in a report published on Monday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

MIR has been the subject of several other research reports. Northland Securities assumed coverage on Mirion Technologies in a report on Monday, August 25th. They issued an “outperform” rating and a $26.00 price target for the company. JPMorgan Chase & Co. started coverage on shares of Mirion Technologies in a research note on Friday. They issued an “overweight” rating and a $28.00 target price for the company. Wall Street Zen downgraded shares of Mirion Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Northland Capmk raised shares of Mirion Technologies to a “strong-buy” rating in a report on Sunday, August 24th. Finally, Citigroup lifted their price objective on shares of Mirion Technologies from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $25.67.

Mirion Technologies Stock Down 5.4%

Shares of Mirion Technologies stock opened at $22.47 on Monday. Mirion Technologies has a 52-week low of $10.76 and a 52-week high of $25.16. The firm’s 50 day moving average price is $21.77 and its 200-day moving average price is $18.98. The company has a quick ratio of 2.01, a current ratio of 2.54 and a debt-to-equity ratio of 0.55. The company has a market cap of $5.26 billion, a P/E ratio of 749.07 and a beta of 0.82.

Mirion Technologies (NYSE:MIR) last announced its earnings results on Thursday, July 31st. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. The company 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%. Mirion Technologies’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the firm earned $0.10 earnings per share. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. On average, sell-side analysts predict that Mirion Technologies will post 0.39 EPS for the current fiscal year.

Insider Buying and Selling

In other Mirion Technologies news, CEO Thomas D. Logan sold 325,000 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 3,742,305 shares of the company’s stock, valued at approximately $79,748,519.55. This trade represents a 7.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Mirion Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in MIR. Osaic Holdings Inc. lifted its stake in shares of Mirion Technologies by 803.7% in the 2nd quarter. Osaic Holdings Inc. now owns 5,802 shares of the company’s stock valued at $125,000 after purchasing an additional 5,160 shares during the period. FSC Wealth Advisors LLC acquired a new position in shares of Mirion Technologies in the second quarter worth about $59,000. Munro Partners purchased a new stake in shares of Mirion Technologies during the 2nd quarter worth about $2,624,000. Nomura Holdings Inc. acquired a new stake in shares of Mirion Technologies during the 2nd quarter valued at about $3,056,000. Finally, FORA Capital LLC purchased a new position in shares of Mirion Technologies in the 2nd quarter valued at about $1,268,000. Institutional investors and hedge funds 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.