Mirion Technologies, Inc. (NYSE:MIR) Receives $27.25 Consensus Price Target from Brokerages

Mirion Technologies, Inc. (NYSE:MIR) has earned an average rating of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $27.25.

A number of equities analysts recently weighed in on the company. Citigroup decreased their price objective on Mirion Technologies from $32.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. JPMorgan Chase & Co. decreased their price objective on Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating on the stock in a report on Thursday, March 26th. Melius Research raised Mirion Technologies to a “strong-buy” rating in a report on Monday, March 23rd. The Goldman Sachs Group decreased their price objective on Mirion Technologies from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Finally, Morgan Stanley decreased their price objective on Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 11th.

Mirion Technologies Stock Performance

Shares of NYSE MIR opened at $19.30 on Thursday. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 175.50 and a beta of 1.09. The company has a current ratio of 2.83, a quick ratio of 2.34 and a debt-to-equity ratio of 0.62. Mirion Technologies has a 1-year low of $14.25 and a 1-year high of $30.28. The stock’s 50-day moving average is $20.10 and its 200 day moving average is $23.34.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The firm had revenue of $277.40 million for the quarter, compared to analysts’ expectations of $281.17 million. Mirion Technologies had a net margin of 3.11% and a return on equity of 6.97%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 earnings per share. Mirion Technologies has set its FY 2026 guidance at 0.500-0.570 EPS. On average, sell-side analysts anticipate that Mirion Technologies will post 0.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Mirion Technologies

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Mirion Technologies by 28.0% in the 3rd quarter. Vanguard Group Inc. now owns 30,418,327 shares of the company’s stock worth $707,530,000 after purchasing an additional 6,651,735 shares during the period. Tudor Investment Corp ET AL increased its stake in 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 worth $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% in 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 during the period. Cooperman Leon G increased its stake in Mirion Technologies by 17.7% in the 3rd quarter. Cooperman Leon G now owns 8,383,441 shares of the company’s stock worth $194,999,000 after purchasing an additional 1,258,441 shares during the period. Finally, Geode Capital Management LLC increased its stake in Mirion Technologies by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 5,786,596 shares of the company’s stock worth $135,545,000 after purchasing an additional 157,687 shares during the period. 78.51% of the stock is owned by hedge funds and other institutional investors.

About Mirion Technologies

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.