Mirion Technologies, Inc. (NYSE:MIR) Receives $27.12 Average PT from Analysts

Mirion Technologies, Inc. (NYSE:MIR) has earned a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $27.1250.

Several research firms recently issued reports on MIR. JPMorgan Chase & Co. cut their target price on Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating on the stock in a research note on Thursday, March 26th. Morgan Stanley dropped their price objective on Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, March 11th. Weiss Ratings lowered Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Melius Research raised Mirion Technologies to a “strong-buy” rating in a research note on Monday, March 23rd. Finally, Robert W. Baird decreased their price objective on shares of Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating for the company in a report on Monday, March 30th.

Mirion Technologies Price Performance

Shares of Mirion Technologies stock opened at $17.37 on Tuesday. Mirion Technologies has a 52-week low of $15.58 and a 52-week high of $30.28. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 173.70 and a beta of 1.03. The company has a fifty day moving average of $18.18 and a 200-day moving average of $20.82. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.63 and a current ratio of 3.19.

Mirion Technologies (NYSE:MIR) last issued its earnings results on Tuesday, April 28th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. Mirion Technologies had a net margin of 2.56% and a return on equity of 6.44%. The company had revenue of $257.60 million for the quarter, compared to the consensus estimate of $244.78 million. During the same period in the previous year, the firm earned $0.10 earnings per share. The firm’s revenue for the quarter was up 27.5% on a year-over-year basis. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. Equities research analysts expect that Mirion Technologies will post 0.51 EPS for the current year.

Insider Buying and Selling at Mirion Technologies

In related news, CAO Christopher A. Moore sold 8,400 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $19.64, for a total value of $164,976.00. Following the sale, the chief accounting officer directly owned 22,157 shares of the company’s stock, valued at $435,163.48. This represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mirion Technologies

Several hedge funds have recently added to or reduced their stakes in the stock. Tudor Investment Corp ET AL grew its position in Mirion Technologies by 174,900.0% during 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 last quarter. 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 valued at $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% in the third 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 last quarter. Geode Capital Management LLC raised its holdings 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 worth $135,545,000 after buying an additional 157,687 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Mirion Technologies by 3.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,248,506 shares of the company’s stock worth $122,920,000 after buying an additional 193,914 shares in the last quarter. 78.51% of the stock is owned by 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.