Brokerages Set Mirion Technologies, Inc. (NYSE:MIR) Price Target at $28.38

Mirion Technologies, Inc. (NYSE:MIR) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $28.3750.

MIR has been the topic of several recent research reports. Evercore assumed coverage on Mirion Technologies in a report on Tuesday, November 25th. They issued an “outperform” rating and a $29.00 price target on the stock. Citigroup cut their target price on shares of Mirion Technologies from $32.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Morgan Stanley assumed coverage on shares of Mirion Technologies in a research note on Friday, January 23rd. They issued an “equal weight” rating and a $29.00 target price on the stock. Finally, The Goldman Sachs Group dropped their price target on shares of Mirion Technologies from $33.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, February 12th.

Insider Activity at Mirion Technologies

In other news, Director Lawrence D. Kingsley sold 350,000 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $24.73, for a total value of $8,655,500.00. Following the transaction, the director owned 3,509,075 shares of the company’s stock, valued at $86,779,424.75. This represents a 9.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Mirion Technologies by 28.0% in the third quarter. Vanguard Group Inc. now owns 30,418,327 shares of the company’s stock worth $707,530,000 after acquiring an additional 6,651,735 shares in the last quarter. Tudor Investment Corp ET AL grew its position in shares of Mirion Technologies by 174,900.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 17,500,000 shares of the company’s stock valued at $407,050,000 after purchasing an additional 17,490,000 shares during the period. State Street Corp increased its stake in Mirion Technologies by 4.3% during the 4th quarter. State Street Corp now owns 9,198,795 shares of the company’s stock worth $215,436,000 after purchasing an additional 382,449 shares in the last quarter. Cooperman Leon G raised its holdings in Mirion Technologies by 17.7% during the 3rd quarter. Cooperman Leon G now owns 8,383,441 shares of the company’s stock worth $194,999,000 after buying an additional 1,258,441 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Mirion Technologies by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 5,786,596 shares of the company’s stock valued at $135,545,000 after buying an additional 157,687 shares in the last quarter. 78.51% of the stock is currently owned by institutional investors.

Mirion Technologies Price Performance

Shares of MIR stock opened at $21.61 on Wednesday. Mirion Technologies has a 1 year low of $12.00 and a 1 year high of $30.28. The company has a current ratio of 2.83, a quick ratio of 2.34 and a debt-to-equity ratio of 0.62. The firm’s 50 day moving average is $24.09 and its 200-day moving average is $23.95. The firm has a market capitalization of $5.48 billion, a price-to-earnings ratio of 196.43 and a beta of 0.97.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). Mirion Technologies had a return on equity of 6.97% and a net margin of 3.11%.The company had revenue of $277.40 million during the quarter, compared to the consensus estimate of $281.17 million. During the same quarter last year, the firm earned $0.17 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Mirion Technologies has set its FY 2026 guidance at 0.500-0.570 EPS. Sell-side analysts forecast that Mirion Technologies will post 0.39 EPS for the current fiscal year.

Mirion Technologies Company Profile

Mirion Technologies Inc (NYSE: MIR) is a leading global provider of radiation detection, measurement and monitoring solutions. The company’s portfolio includes instrumentation, software and service offerings designed to detect, quantify and manage radiation in nuclear power, oil and gas, defense and homeland security, medical imaging and diagnostic applications. Mirion’s product suite spans personal and environmental dosimetry, area monitors, digital imaging detectors and turnkey solutions for decommissioning and environmental remediation projects.

Mirion traces its origins to the combination of several established radiation measurement businesses, including the former Canberra nuclear instrumentation division, and has been supported by private equity investors before completing its initial public offering on the New York Stock Exchange in 2023.