Mirion Technologies, Inc. (NYSE:MIR) Given Average Rating of “Moderate Buy” by Analysts

Mirion Technologies, Inc. (NYSE:MIR) has been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $28.3750.

A number of brokerages have issued reports on MIR. JPMorgan Chase & Co. raised their price target on shares of Mirion Technologies from $28.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Morgan Stanley assumed coverage on Mirion Technologies in a research note on Friday, January 23rd. They issued an “equal weight” rating and a $29.00 target price for the company. Citigroup lowered their price target on shares of Mirion Technologies from $35.00 to $33.00 and set a “buy” rating for the company in a research report on Monday, December 8th. Evercore ISI began coverage on Mirion Technologies in a report on Tuesday, November 25th. They issued an “outperform” rating and a $29.00 target price on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Mirion Technologies in a research note on Wednesday, October 8th.

Mirion Technologies Trading Down 1.6%

Shares of MIR stock opened at $24.89 on Friday. The company has a market capitalization of $6.32 billion, a PE ratio of 226.29 and a beta of 0.95. The company has a debt-to-equity ratio of 0.63, a quick ratio of 4.32 and a current ratio of 4.83. The business’s fifty day moving average is $25.07 and its 200 day moving average is $23.82. Mirion Technologies has a 52-week low of $12.00 and a 52-week high of $30.28.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. The company had revenue of $223.10 million for the quarter, compared to analysts’ expectations of $222.17 million. Mirion Technologies had a net margin of 2.93% and a return on equity of 7.09%. Mirion Technologies’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.08 earnings per share. On average, equities research analysts anticipate that Mirion Technologies will post 0.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other Mirion Technologies news, Director Lawrence D. Kingsley sold 350,000 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $24.73, for a total transaction of $8,655,500.00. Following the transaction, the director owned 3,509,075 shares in the company, valued at approximately $86,779,424.75. This represents a 9.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On Mirion Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in Mirion Technologies by 25.2% during the third quarter. EverSource Wealth Advisors LLC now owns 2,056 shares of the company’s stock valued at $48,000 after buying an additional 414 shares during the period. US Bancorp DE lifted its position in shares of Mirion Technologies by 6.6% in the third quarter. US Bancorp DE now owns 6,874 shares of the company’s stock valued at $160,000 after acquiring an additional 425 shares in the last quarter. Stratos Wealth Partners LTD. lifted its holdings in Mirion Technologies by 4.8% in the 4th quarter. Stratos Wealth Partners LTD. now owns 10,567 shares of the company’s stock worth $247,000 after purchasing an additional 484 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Mirion Technologies by 16.1% in 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. Finally, Oppenheimer & Co. Inc. lifted its stake in Mirion Technologies by 1.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 32,062 shares of the company’s stock worth $746,000 after purchasing an additional 550 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.