B. Riley Financial Has Lowered Expectations for Mirion Technologies (NYSE:MIR) Stock Price

Mirion Technologies (NYSE:MIR) had its price target lowered by stock analysts at B. Riley Financial from $29.00 to $27.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley Financial’s target price points to a potential upside of 82.91% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Weiss Ratings downgraded Mirion Technologies from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, July 20th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $23.00 price target on shares of Mirion Technologies in a report on Wednesday. Citigroup decreased their price objective on shares of Mirion Technologies from $29.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Finally, Morgan Stanley reduced their price objective on Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $26.75.

Mirion Technologies Trading Up 1.3%

MIR stock traded up $0.19 during trading on Thursday, reaching $14.76. The company had a trading volume of 2,631,694 shares, compared to its average volume of 3,701,611. Mirion Technologies has a 52 week low of $14.11 and a 52 week high of $30.28. The company has a market cap of $3.70 billion, a P/E ratio of 148.70 and a beta of 1.03. The business has a 50 day moving average of $17.21 and a 200 day moving average of $19.84. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.19 and a quick ratio of 2.63.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. Mirion Technologies had a return on equity of 6.57% and a net margin of 2.39%.The company had revenue of $266.80 million for the quarter, compared to analyst estimates of $269.32 million. During the same period in the previous year, the company posted $0.11 earnings per share. The firm’s revenue was up 19.7% on a year-over-year basis. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. As a group, sell-side analysts forecast that Mirion Technologies will post 0.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CAO Christopher A. Moore sold 8,400 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $435,163.48. This represents a 27.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 6.30% of the company’s stock.

Institutional Trading of Mirion Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC acquired a new position in shares of Mirion Technologies in the third quarter valued at about $25,000. UMB Bank n.a. boosted its stake 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 purchasing an additional 856 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Mirion Technologies by 470.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock worth $35,000 after purchasing an additional 1,354 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Mirion Technologies by 58.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,709 shares of the company’s stock valued at $40,000 after acquiring an additional 631 shares during the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of Mirion Technologies by 78.4% during the 4th quarter. Global Retirement Partners LLC now owns 2,018 shares of the company’s stock worth $47,000 after purchasing an additional 887 shares during the last quarter. Institutional investors own 78.51% of the company’s stock.

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.