Mirion Technologies (NYSE:MIR) Receives “Hold (C)” Rating from Weiss Ratings

Mirion Technologies (NYSE:MIR)‘s stock had its “hold (c)” rating restated by stock analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other equities research analysts also recently commented on the stock. JPMorgan Chase & Co. initiated coverage on shares of Mirion Technologies in a research note on Friday, September 26th. They issued an “overweight” rating and a $28.00 target price for the company. Robert W. Baird upped their target price on shares of Mirion Technologies from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Northland Capmk raised shares of Mirion Technologies to a “strong-buy” rating in a research note on Sunday, August 24th. Wall Street Zen downgraded shares of Mirion Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Citigroup increased their price objective on shares of Mirion Technologies from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $25.67.

Mirion Technologies Trading Up 3.4%

MIR opened at $23.91 on Wednesday. Mirion Technologies has a fifty-two week low of $12.00 and a fifty-two week high of $25.16. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.54 and a quick ratio of 2.01. The company has a market cap of $5.59 billion, a price-to-earnings ratio of 797.00 and a beta of 0.88. The firm has a 50 day simple moving average of $21.94 and a 200 day simple moving average of $19.32.

Mirion Technologies (NYSE:MIR) last issued its earnings results on Thursday, July 31st. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. Mirion Technologies had a net margin of 1.12% and a return on equity of 6.57%. The firm had revenue of $222.90 million during the quarter, compared to the consensus estimate of $216.78 million. During the same quarter in the prior year, the firm earned $0.10 earnings per share. The business’s quarterly revenue was up 7.6% on a year-over-year basis. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. On average, sell-side analysts anticipate that Mirion Technologies will post 0.39 earnings per share for the current year.

Insider Activity

In other news, CEO Thomas D. Logan sold 325,000 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $21.31, for a total transaction of $6,925,750.00. Following the completion of the sale, the chief executive officer owned 3,742,305 shares of the company’s stock, valued at $79,748,519.55. This represents a 7.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. KBC Group NV grew its position in Mirion Technologies by 31.0% in the first quarter. KBC Group NV now owns 10,485 shares of the company’s stock valued at $152,000 after purchasing an additional 2,483 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Mirion Technologies by 169.4% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 236,340 shares of the company’s stock valued at $5,088,000 after purchasing an additional 148,619 shares in the last quarter. Principal Financial Group Inc. grew its position in Mirion Technologies by 14.9% in the first quarter. Principal Financial Group Inc. now owns 14,057 shares of the company’s stock valued at $204,000 after purchasing an additional 1,820 shares in the last quarter. Intech Investment Management LLC grew its position in Mirion Technologies by 38.0% in the first quarter. Intech Investment Management LLC now owns 127,952 shares of the company’s stock valued at $1,855,000 after purchasing an additional 35,218 shares in the last quarter. Finally, Xponance Inc. grew its position in Mirion Technologies by 5.7% in the first quarter. Xponance Inc. now owns 15,793 shares of the company’s stock valued at $229,000 after purchasing an additional 851 shares in the last quarter. Institutional investors own 78.51% of the company’s stock.

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.