Mirion Technologies, Inc. (NYSE:MIR) Receives Average Rating of “Moderate Buy” from Brokerages

Mirion Technologies, Inc. (NYSE:MIR) has earned a consensus rating of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $28.3750.

Several brokerages have recently issued reports on MIR. Evercore initiated coverage on Mirion Technologies in a research note on Tuesday, November 25th. They issued an “outperform” rating and a $29.00 price target on the stock. Citigroup decreased their target price on Mirion Technologies from $32.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. The Goldman Sachs Group lowered their target price on Mirion Technologies from $33.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Finally, Morgan Stanley started coverage on shares of Mirion Technologies in a research note on Friday, January 23rd. They issued an “equal weight” rating and a $29.00 price target on the stock.

Mirion Technologies Price Performance

MIR stock opened at $21.92 on Wednesday. The company’s 50-day moving average price is $24.02 and its two-hundred day moving average price is $23.99. The firm has a market cap of $5.49 billion, a P/E ratio of 199.29 and a beta of 0.99. The company has a quick ratio of 2.34, a current ratio of 2.83 and a debt-to-equity ratio of 0.62. Mirion Technologies has a 12 month low of $12.00 and a 12 month high of $30.28.

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

Insider Buying and Selling at Mirion Technologies

In other Mirion Technologies news, Director Lawrence D. Kingsley sold 350,000 shares of the business’s stock in a transaction on 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 sale, the director owned 3,509,075 shares of the company’s stock, valued at approximately $86,779,424.75. The trade was a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Mirion Technologies

Several hedge funds have recently modified their holdings of MIR. Advisory Services Network LLC acquired a new position in Mirion Technologies in the 3rd quarter worth about $25,000. Wolff Wiese Magana LLC acquired a new position in shares of Mirion Technologies in the third quarter valued at approximately $26,000. Salomon & Ludwin LLC bought a new position in Mirion Technologies in the 3rd quarter valued at approximately $30,000. UMB Bank n.a. boosted its position in Mirion Technologies by 175.4% during the 4th quarter. UMB Bank n.a. now owns 1,344 shares of the company’s stock worth $31,000 after buying an additional 856 shares during the period. Finally, Fortress Investment Group LLC bought a new stake in Mirion Technologies during the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 78.51% of the company’s stock.

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.