Mirion Technologies (NYSE:MIR) Given New $34.00 Price Target at JPMorgan Chase & Co.

Mirion Technologies (NYSE:MIR) had its price objective upped by JPMorgan Chase & Co. from $28.00 to $34.00 in a research note issued to investors on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

MIR has been the subject of a number of other reports. B. Riley reaffirmed a “buy” rating and set a $22.00 price target (up from $17.00) on shares of Mirion Technologies in a report on Wednesday, July 23rd. Northland Capmk raised shares of Mirion Technologies to a “strong-buy” rating in a research report on Sunday, August 24th. The Goldman Sachs Group lifted their target price on Mirion Technologies from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Citigroup boosted their price target on Mirion Technologies from $23.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, October 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 research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $27.33.

Mirion Technologies Stock Performance

Shares of NYSE:MIR opened at $29.05 on Thursday. The business’s 50-day simple moving average is $23.20 and its 200 day simple moving average is $20.55. The company has a market cap of $6.80 billion, a P/E ratio of 264.13 and a beta of 0.88. 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 has a one year low of $12.00 and a one year high of $30.28.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $223.10 million during the quarter, compared to analysts’ expectations of $222.17 million. Mirion Technologies had a return on equity of 7.49% and a net margin of 2.93%.Mirion Technologies’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 EPS. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. On average, sell-side analysts forecast that Mirion Technologies will post 0.39 earnings per share for the current fiscal year.

Insider Transactions at Mirion Technologies

In other news, CEO Thomas D. Logan sold 325,000 shares of Mirion Technologies stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $21.31, for a total value of $6,925,750.00. Following the completion of the transaction, the chief executive officer owned 3,742,305 shares in the company, valued at approximately $79,748,519.55. This trade represents a 7.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Mirion Technologies

A number of hedge funds have recently added to or reduced their stakes in the business. Wolff Wiese Magana LLC acquired a new stake in shares of Mirion Technologies during the third quarter worth $26,000. Salomon & Ludwin LLC bought a new stake in shares of Mirion Technologies during the 3rd quarter valued at about $30,000. Fortress Investment Group LLC bought a new position in Mirion Technologies in the second quarter worth about $32,000. EverSource Wealth Advisors LLC lifted its holdings in Mirion Technologies by 470.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock worth $35,000 after acquiring an additional 1,354 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Mirion Technologies by 96.5% in the third quarter. Farther Finance Advisors LLC now owns 1,651 shares of the company’s stock valued at $38,000 after acquiring an additional 811 shares during the period. Institutional investors and hedge funds own 78.51% of the company’s stock.

Mirion Technologies Company Profile

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.