Mirion Technologies (NYSE:MIR) Price Target Raised to $20.00 at Citigroup

Mirion Technologies (NYSE:MIR) had its price target upped by Citigroup from $18.00 to $20.00 in a research note published on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently commented on the company. The Goldman Sachs Group boosted their target price on Mirion Technologies from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. B. Riley assumed coverage on Mirion Technologies in a report on Thursday, September 26th. They issued a “buy” rating and a $14.00 price objective for the company.

Mirion Technologies Price Performance

Mirion Technologies stock opened at $17.08 on Wednesday. Mirion Technologies has a 52 week low of $9.01 and a 52 week high of $17.35. The business has a 50-day simple moving average of $14.41 and a 200 day simple moving average of $11.88. The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of -50.22 and a beta of 0.76.

Mirion Technologies (NYSE:MIR) last posted its earnings results on Tuesday, October 29th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). Mirion Technologies had a positive return on equity of 4.33% and a negative net margin of 7.84%. The business had revenue of $206.80 million for the quarter, compared to analysts’ expectations of $203.67 million. During the same quarter in the previous year, the firm earned $0.03 earnings per share. Mirion Technologies’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, research analysts forecast that Mirion Technologies will post 0.36 earnings per share for the current fiscal year.

Insider Activity at Mirion Technologies

In related news, insider Emmanuelle Lee sold 5,000 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $10.60, for a total transaction of $53,000.00. Following the completion of the sale, the insider now directly owns 138,193 shares in the company, valued at $1,464,845.80. This represents a 3.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Thomas D. Logan sold 7,500 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $14.11, for a total value of $105,825.00. Following the sale, the chief executive officer now owns 1,544,017 shares of the company’s stock, valued at $21,786,079.87. This represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,405 shares of company stock worth $285,939 in the last ninety days. 2.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Mirion Technologies

Several institutional investors have recently bought and sold shares of MIR. Sanctuary Advisors LLC bought a new position in Mirion Technologies during the 3rd quarter valued at approximately $170,000. SkyView Investment Advisors LLC bought a new position in Mirion Technologies during the 3rd quarter valued at approximately $111,000. Geode Capital Management LLC raised its position in shares of Mirion Technologies by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 4,502,455 shares of the company’s stock worth $49,851,000 after acquiring an additional 147,408 shares in the last quarter. Barclays PLC raised its position in shares of Mirion Technologies by 325.0% in the 3rd quarter. Barclays PLC now owns 307,680 shares of the company’s stock worth $3,405,000 after acquiring an additional 235,288 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Mirion Technologies in the 3rd quarter worth approximately $303,000. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

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.