Mirion Technologies, Inc. (MIR) – What Are Researchers Thinking About This Stock?

Mirion Technologies, Inc. (NYSE:MIR) has been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $24.88.

MIR has been the topic of a number of analyst reports. Weiss Ratings downgraded shares of Mirion Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 30th. Morgan Stanley cut their price target on Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Monday, July 13th. The Goldman Sachs Group restated a “buy” rating and issued a $23.00 target price on shares of Mirion Technologies in a research report on Wednesday, July 29th. B. Riley Financial reiterated a “buy” rating and set a $25.00 price target (down from $27.00) on shares of Mirion Technologies in a research report on Thursday, October 29th. Finally, Citigroup reduced their price objective on Mirion Technologies from $28.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th.

Hedge Funds Weigh In On Mirion Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in shares of Mirion Technologies by 14.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,694,288 shares of the company’s stock worth $87,240,000 after buying an additional 591,730 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Mirion Technologies by 47.4% during the first quarter. Bank of New York Mellon Corp now owns 4,536,732 shares of the company’s stock valued at $84,338,000 after purchasing an additional 1,459,787 shares in the last quarter. Maverick Capital Ltd. purchased a new stake in Mirion Technologies in the 1st quarter worth approximately $49,261,000. William Blair Investment Management LLC purchased a new position in Mirion Technologies in the third quarter worth approximately $22,204,000. Finally, Emerald Advisers LLC lifted its stake in Mirion Technologies by 21.5% during the first quarter. Emerald Advisers LLC now owns 1,381,574 shares of the company’s stock worth $25,683,000 after purchasing an additional 244,428 shares during the last quarter. Institutional investors and hedge funds own 78.51% of the company’s stock.

Mirion Technologies Price Performance

Shares of NYSE MIR opened at $17.93 on Monday. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 38.92 and a beta of 1.07. Mirion Technologies has a 52 week low of $14.04 and a 52 week high of $28.28. The company’s 50-day moving average price is $16.02 and its 200 day moving average price is $18.15. The company has a current ratio of 3.02, a quick ratio of 2.49 and a debt-to-equity ratio of 0.65.

Mirion Technologies (NYSE:MIR) last posted its earnings results on Tuesday, October 27th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. Mirion Technologies had a net margin of 2.69% and a return on equity of 6.82%. The business had revenue of $277.80 million for the quarter, compared to analyst estimates of $275.35 million. During the same quarter in the prior year, the firm earned $0.01 EPS. The firm’s quarterly revenue was up 24.5% compared to the same quarter last year. As a group, research analysts forecast that Mirion Technologies will post 0.54 earnings per share for the current fiscal year.

About Mirion Technologies

Mirion Technologies, Inc develops, manufactures and supplies radiation detection, measurement and analysis technologies. Its products are designed to detect and measure ionizing radiation, monitor exposure and contamination, and support the safe management of radioactive materials and environments.

The company serves a range of end markets, including nuclear power, healthcare, defense and national security, scientific research, industrial operations and laboratories. Its offerings include radiation detectors, dosimetry systems, spectroscopy and monitoring equipment, radiation safety software, and related services.