Morgan Stanley Issues Pessimistic Forecast for Mirion Technologies (NYSE:MIR) Stock Price

Mirion Technologies (NYSE:MIR) had its price target decreased by research analysts at Morgan Stanley from $27.00 to $25.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 50.20% from the stock’s previous close.

MIR has been the subject of a number of other research reports. Melius Research upgraded shares of Mirion Technologies to a “strong-buy” rating in a research note on Monday, March 23rd. JPMorgan Chase & Co. reduced their price objective on shares of Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating for the company in a report on Thursday, March 26th. Robert W. Baird decreased their target price on shares of Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating for the company in a research report on Monday, March 30th. Citigroup lowered their target price on shares of Mirion Technologies from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Finally, Weiss Ratings cut shares of Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.38.

Mirion Technologies Stock Down 2.1%

NYSE:MIR traded down $0.35 on Monday, hitting $16.64. The stock had a trading volume of 374,564 shares, compared to its average volume of 3,652,800. The company has a quick ratio of 2.63, a current ratio of 3.19 and a debt-to-equity ratio of 0.63. Mirion Technologies has a 52 week low of $15.58 and a 52 week high of $30.28. The business’s fifty day moving average is $17.92 and its 200 day moving average is $20.55. The company has a market cap of $4.17 billion, a PE ratio of 166.35 and a beta of 1.03.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. Mirion Technologies had a return on equity of 6.44% and a net margin of 2.56%.The firm had revenue of $257.60 million during the quarter, compared to the consensus estimate of $244.78 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 27.5% on a year-over-year basis. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. On average, equities research analysts expect that Mirion Technologies will post 0.54 EPS for the current fiscal year.

Insider Activity

In other news, CAO Christopher A. Moore sold 8,400 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $19.64, for a total value of $164,976.00. Following the completion of the sale, the chief accounting officer owned 22,157 shares in the company, 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 SEC, which is available at this hyperlink. 6.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MIR. Tema ETFs LLC grew its position in Mirion Technologies by 45.4% in the 2nd quarter. Tema ETFs LLC now owns 226,408 shares of the company’s stock worth $4,059,000 after purchasing an additional 70,668 shares in the last quarter. Balefire LLC bought a new position in shares of Mirion Technologies during the 2nd quarter worth approximately $226,000. Altshuler Shaham Ltd boosted its stake in shares of Mirion Technologies by 12.3% in the 1st quarter. Altshuler Shaham Ltd now owns 13,147 shares of the company’s stock worth $244,000 after buying an additional 1,443 shares during the last quarter. Amundi boosted its stake in shares of Mirion Technologies by 198.3% in the 1st quarter. Amundi now owns 36,691 shares of the company’s stock worth $682,000 after buying an additional 24,391 shares during the last quarter. Finally, California State Teachers Retirement System grew its holdings in shares of Mirion Technologies by 22.2% in the first quarter. California State Teachers Retirement System now owns 274,096 shares of the company’s stock valued at $5,095,000 after acquiring an additional 49,751 shares in the last quarter. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

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.