Citigroup Lowers Mirion Technologies (NYSE:MIR) Price Target to $33.00

Mirion Technologies (NYSE:MIR) had its price target reduced by research analysts at Citigroup from $35.00 to $33.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 31.26% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Northland Capmk raised shares of Mirion Technologies to a “strong-buy” rating in a research report on Sunday, August 24th. The Goldman Sachs Group boosted their target price on shares of Mirion Technologies from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Northland Securities raised their target price on Mirion Technologies from $26.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Evercore ISI started coverage on Mirion Technologies in a research report on Tuesday, November 25th. They set an “outperform” rating and a $29.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price objective on Mirion Technologies from $28.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $28.29.

Mirion Technologies Price Performance

Shares of NYSE:MIR traded up $0.12 on Monday, reaching $25.14. 1,374,445 shares of the company traded hands, compared to its average volume of 3,323,807. The stock has a market capitalization of $6.38 billion, a PE ratio of 228.61 and a beta of 0.94. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.83 and a quick ratio of 4.32. The company’s 50 day moving average is $25.14 and its 200-day moving average is $22.49. Mirion Technologies has a fifty-two week low of $12.00 and a fifty-two week high of $30.28.

Mirion Technologies (NYSE:MIR) last announced its earnings results on Tuesday, October 28th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Mirion Technologies had a return on equity of 7.09% and a net margin of 2.93%.The company had revenue of $223.10 million for the quarter, compared to analyst estimates of $222.17 million. During the same period in the previous year, the firm earned $0.08 earnings per share. Mirion Technologies’s revenue for the quarter was up 7.9% compared to the same quarter last year. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. As a group, analysts anticipate that Mirion Technologies will post 0.39 earnings per share for the current fiscal year.

Insider Transactions at Mirion Technologies

In other Mirion Technologies news, Director Lawrence D. Kingsley sold 300,000 shares of Mirion Technologies stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $23.83, for a total value of $7,149,000.00. Following the completion of the sale, the director directly owned 3,900,000 shares in the company, valued at $92,937,000. The trade was a 7.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Mirion Technologies

Several hedge funds and other institutional investors have recently modified their holdings of MIR. EverSource Wealth Advisors LLC increased its position in shares of Mirion Technologies by 25.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,056 shares of the company’s stock worth $48,000 after purchasing an additional 414 shares in the last quarter. US Bancorp DE grew its stake in Mirion Technologies by 6.6% during the third quarter. US Bancorp DE now owns 6,874 shares of the company’s stock worth $160,000 after buying an additional 425 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Mirion Technologies by 16.1% during the third quarter. Nisa Investment Advisors LLC now owns 3,909 shares of the company’s stock worth $91,000 after buying an additional 543 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Mirion Technologies by 1.7% in the third quarter. Oppenheimer & Co. Inc. now owns 32,062 shares of the company’s stock valued at $746,000 after acquiring an additional 550 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its holdings in shares of Mirion Technologies by 2.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 21,455 shares of the company’s stock worth $462,000 after acquiring an additional 557 shares in the last quarter. 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.