Mirion Technologies (NYSE:MIR) Price Target Raised to $34.00

Mirion Technologies (NYSE:MIR) had its price target upped by JPMorgan Chase & Co. from $28.00 to $34.00 in a research report report published on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages have also weighed in on MIR. Wall Street Zen lowered Mirion Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. The Goldman Sachs Group boosted their price target on Mirion Technologies from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Northland Capmk upgraded Mirion Technologies to a “strong-buy” rating in a research note on Sunday, August 24th. Robert W. Baird boosted their price target on Mirion Technologies from $23.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mirion Technologies in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $28.50.

Mirion Technologies Price Performance

MIR opened at $29.31 on Thursday. The business’s 50-day moving average is $23.37 and its two-hundred day moving average is $20.71. 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 0.63, a current ratio of 4.83 and a quick ratio of 2.01. The firm has a market capitalization of $6.86 billion, a PE ratio of 266.49 and a beta of 0.88.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Mirion Technologies had a return on equity of 7.09% and a net margin of 2.93%.The business had revenue of $223.10 million for the quarter, compared to analyst estimates of $222.17 million. During the same quarter in the previous year, the firm earned $0.08 earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. Research analysts anticipate that Mirion Technologies will post 0.39 earnings per share for the current fiscal year.

Insider Activity at Mirion Technologies

In related news, CEO Thomas D. Logan sold 325,000 shares of Mirion Technologies stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $21.31, for a total transaction of $6,925,750.00. Following the completion of the sale, the chief executive officer owned 3,742,305 shares of the company’s stock, valued at $79,748,519.55. The trade was a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MIR. Allspring Global Investments Holdings LLC lifted its holdings in Mirion Technologies by 14.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 596,100 shares of the company’s stock valued at $8,554,000 after acquiring an additional 75,408 shares during the period. KBC Group NV lifted its holdings in Mirion Technologies by 31.0% in the first quarter. KBC Group NV now owns 10,485 shares of the company’s stock valued at $152,000 after acquiring an additional 2,483 shares during the period. Vontobel Holding Ltd. acquired a new position in Mirion Technologies in the first quarter valued at approximately $868,000. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in Mirion Technologies in the first quarter valued at approximately $1,272,000. Finally, Teacher Retirement System of Texas lifted its holdings in Mirion Technologies by 86.7% in the first quarter. Teacher Retirement System of Texas now owns 29,565 shares of the company’s stock valued at $429,000 after acquiring an additional 13,733 shares during the period. 78.51% of the stock is owned by institutional investors and hedge funds.

About Mirion Technologies

Mirion Technologies, Inc provides radiation detection, measurement, analysis, and monitoring products and services in the United States, Canada, the United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia, South Korea, and Japan. It operates through two segments, Medical and Technologies.