Mirion Technologies, Inc. (NYSE:MIR) Stock Has Consensus Target Price of $24.88 According to Analysts

Shares of Mirion Technologies, Inc. (NYSE:MIR) have earned a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $24.88.

Several brokerages have weighed in on MIR. Jefferies Financial Group began coverage on Mirion Technologies in a research report on Thursday, September 3rd. They set a “buy” rating and a $20.00 price target on the stock. Citigroup lowered their target price on Mirion Technologies from $28.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $23.00 target price on shares of Mirion Technologies in a report on Wednesday, July 29th. B. Riley Financial reiterated a “buy” rating and set a $25.00 price target (down from $27.00) on shares of Mirion Technologies in a research report on Thursday, October 29th. Finally, Weiss Ratings downgraded Mirion Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 30th.

Hedge Funds Weigh In On Mirion Technologies

Several institutional investors have recently made changes to their positions in MIR. Versant Capital Management Inc raised its position in Mirion Technologies by 42.8% during the third quarter. Versant Capital Management Inc now owns 2,505 shares of the company’s stock worth $35,000 after acquiring an additional 751 shares during the period. GAMMA Investing LLC lifted its holdings in Mirion Technologies by 65.1% during the third quarter. GAMMA Investing LLC now owns 2,579 shares of the company’s stock valued at $36,000 after purchasing an additional 1,017 shares in the last quarter. Altshuler Shaham Ltd grew its position in shares of Mirion Technologies by 12.3% in the first quarter. Altshuler Shaham Ltd now owns 13,147 shares of the company’s stock valued at $244,000 after purchasing an additional 1,443 shares during the period. Covestor Ltd grew its position in shares of Mirion Technologies by 64.0% in the third quarter. Covestor Ltd now owns 3,701 shares of the company’s stock valued at $52,000 after purchasing an additional 1,444 shares during the period. Finally, Pinnacle Wealth Planning Services Inc. grew its position in shares of Mirion Technologies by 30.7% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 7,096 shares of the company’s stock valued at $100,000 after purchasing an additional 1,667 shares during the period. 78.51% of the stock is owned by hedge funds and other institutional investors.

Mirion Technologies Stock Down 6.1%

MIR stock opened at $17.89 on Monday. The company has a market capitalization of $4.46 billion, a P/E ratio of 39.69 and a beta of 1.07. Mirion Technologies has a 12 month low of $14.04 and a 12 month high of $28.81. The firm’s fifty day simple moving average is $15.91 and its 200-day simple moving average is $18.24. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.02 and a quick ratio of 2.49.

Mirion Technologies (NYSE:MIR) last issued its earnings results on Tuesday, October 27th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $277.80 million during the quarter, compared to analysts’ expectations of $275.35 million. Mirion Technologies had a net margin of 2.69% and a return on equity of 6.82%. The firm’s revenue was up 24.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.01 earnings per share. As a group, equities research analysts forecast that Mirion Technologies will post 0.54 earnings per share for the current year.

Mirion Technologies Company Profile

Mirion Technologies, Inc develops, manufactures and supplies radiation detection, measurement and analysis technologies. Its products are designed to detect and measure ionizing radiation, monitor exposure and contamination, and support the safe management of radioactive materials and environments.

The company serves a range of end markets, including nuclear power, healthcare, defense and national security, scientific research, industrial operations and laboratories. Its offerings include radiation detectors, dosimetry systems, spectroscopy and monitoring equipment, radiation safety software, and related services.