Mirion Technologies (NYSE:MIR) Price Target Raised to $25.00 at The Goldman Sachs Group

Mirion Technologies (NYSE:MIR) had its price objective upped by The Goldman Sachs Group from $22.00 to $25.00 in a research report released on Tuesday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Several other brokerages have also weighed in on MIR. B. Riley restated a “buy” rating and issued a $22.00 price target (up previously from $17.00) on shares of Mirion Technologies in a research note on Wednesday, July 23rd. Northland Securities began coverage on Mirion Technologies in a research note on Monday, August 25th. They issued an “outperform” rating and a $26.00 price target for the company. Northland Capmk upgraded Mirion Technologies to a “strong-buy” rating in a research note on Sunday, August 24th. Robert W. Baird lifted their price target on Mirion Technologies from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Wednesday, July 9th. Finally, Wall Street Zen lowered Mirion Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Two investment analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $23.80.

Mirion Technologies Stock Performance

NYSE MIR opened at $23.92 on Tuesday. The stock has a 50-day simple moving average of $21.35 and a two-hundred day simple moving average of $18.39. The firm has a market capitalization of $5.60 billion, a P/E ratio of 797.33 and a beta of 0.82. Mirion Technologies has a fifty-two week low of $9.58 and a fifty-two week high of $23.94. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.01 and a current ratio of 2.54.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Mirion Technologies had a return on equity of 6.57% and a net margin of 1.12%.The business had revenue of $222.90 million during the quarter, compared to analyst estimates of $216.78 million. During the same quarter last year, the business posted $0.10 EPS. The company’s 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, equities analysts forecast that Mirion Technologies will post 0.39 earnings per share for the current year.

Insider Buying and Selling at Mirion Technologies

In other news, CEO Thomas D. Logan sold 325,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 3,742,305 shares in the company, valued at $79,748,519.55. The trade was a 7.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fortress Investment Group LLC acquired a new position in shares of Mirion Technologies during the 2nd quarter worth approximately $32,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Mirion Technologies by 470.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock worth $35,000 after purchasing an additional 1,354 shares during the last quarter. FSC Wealth Advisors LLC acquired a new position in shares of Mirion Technologies during the 2nd quarter worth approximately $59,000. Nisa Investment Advisors LLC boosted its holdings in shares of Mirion Technologies by 24.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,366 shares of the company’s stock worth $72,000 after purchasing an additional 651 shares during the last quarter. Finally, AlphaQuest LLC boosted its holdings in shares of Mirion Technologies by 360,400.0% during the 1st quarter. AlphaQuest LLC now owns 3,605 shares of the company’s stock worth $52,000 after purchasing an additional 3,604 shares during the last quarter. 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.