Mirion Technologies (NYSE:MIR) Upgraded to Strong-Buy at Melius Research

Melius Research upgraded shares of Mirion Technologies (NYSE:MIR) to a strong-buy rating in a research note published on Monday morning,Zacks.com reports.

Several other equities research analysts have also commented on the stock. Evercore initiated coverage on shares of Mirion Technologies in a research note on Tuesday, November 25th. They issued an “outperform” rating and a $29.00 price objective for the company. JPMorgan Chase & Co. reduced their target price on Mirion Technologies from $33.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, March 9th. Morgan Stanley decreased their price target on Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 11th. Citigroup dropped their price target on Mirion Technologies from $32.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Finally, The Goldman Sachs Group cut their price objective on Mirion Technologies from $33.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.63.

Mirion Technologies Stock Performance

NYSE MIR opened at $18.83 on Monday. Mirion Technologies has a 1 year low of $12.00 and a 1 year high of $30.28. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.83 and a quick ratio of 2.34. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 171.23 and a beta of 0.99. The company has a fifty day moving average price of $22.53 and a 200-day moving average price of $23.89.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.15 earnings per share 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 for the quarter, compared to the consensus estimate of $281.17 million. During the same period in the previous year, the business earned $0.17 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. Mirion Technologies has set its FY 2026 guidance at 0.500-0.570 EPS. As a group, equities research analysts predict that Mirion Technologies will post 0.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MIR. EverSource Wealth Advisors LLC grew its stake in shares of Mirion Technologies by 25.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,056 shares of the company’s stock worth $48,000 after acquiring an additional 414 shares during the period. US Bancorp DE raised its stake in Mirion Technologies by 6.6% in the 3rd quarter. US Bancorp DE now owns 6,874 shares of the company’s stock valued at $160,000 after acquiring an additional 425 shares during the period. Stratos Wealth Partners LTD. lifted its holdings in Mirion Technologies by 4.8% during the fourth quarter. Stratos Wealth Partners LTD. now owns 10,567 shares of the company’s stock valued at $247,000 after purchasing an additional 484 shares during the last quarter. Kennedy Capital Management LLC boosted its position in Mirion Technologies by 0.4% during the fourth quarter. Kennedy Capital Management LLC now owns 125,076 shares of the company’s stock worth $2,929,000 after purchasing an additional 505 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in Mirion Technologies by 16.1% during the third quarter. Nisa Investment Advisors LLC now owns 3,909 shares of the company’s stock worth $91,000 after purchasing an additional 543 shares during the period. Hedge funds and other 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.