Citigroup Cuts Mirion Technologies (NYSE:MIR) Price Target to $17.00

Mirion Technologies (NYSE:MIR) had its price target cut by Citigroup from $20.00 to $17.00 in a research report released on Monday,Benzinga reports. They currently have a buy rating on the stock.

Other research analysts also recently issued research reports about the stock. Robert W. Baird cut their price objective on shares of Mirion Technologies from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th. Baird R W upgraded shares of Mirion Technologies to a “strong-buy” rating in a research note on Thursday, December 19th. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $18.00.

Mirion Technologies Stock Up 0.1 %

Shares of NYSE MIR opened at $13.73 on Monday. Mirion Technologies has a 12-month low of $9.11 and a 12-month high of $18.81. The stock’s fifty day simple moving average is $14.92 and its two-hundred day simple moving average is $15.47. The stock has a market capitalization of $3.19 billion, a PE ratio of -72.26 and a beta of 0.75. The company has a current ratio of 2.16, a quick ratio of 1.55 and a debt-to-equity ratio of 0.43.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Mirion Technologies had a positive return on equity of 4.78% and a negative net margin of 4.21%. As a group, analysts expect that Mirion Technologies will post 0.39 EPS for the current fiscal year.

Institutional Trading of Mirion Technologies

A number of institutional investors have recently bought and sold shares of MIR. Geode Capital Management LLC lifted its stake in shares of Mirion Technologies by 3.4% during the third quarter. Geode Capital Management LLC now owns 4,502,455 shares of the company’s stock worth $49,851,000 after buying an additional 147,408 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Mirion Technologies by 1,532.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 520,692 shares of the company’s stock worth $8,810,000 after acquiring an additional 488,790 shares during the last quarter. FMR LLC lifted its position in Mirion Technologies by 258.4% during the 3rd quarter. FMR LLC now owns 17,957 shares of the company’s stock worth $199,000 after acquiring an additional 12,947 shares during the period. Exchange Traded Concepts LLC grew its stake in Mirion Technologies by 291.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 88,830 shares of the company’s stock valued at $1,550,000 after purchasing an additional 66,132 shares during the last quarter. Finally, Artemis Investment Management LLP acquired a new position in shares of Mirion Technologies in the fourth quarter valued at about $38,155,000. 78.51% of the stock is currently owned by institutional investors and hedge funds.

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.