Mirion Technologies, Inc. (NYSE:MIR) Receives Average Rating of “Moderate Buy” from Analysts

Mirion Technologies, Inc. (NYSE:MIR) has been given an average recommendation of “Moderate Buy” by the ten analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $27.1250.

Several research analysts have weighed in on MIR shares. Citigroup lowered their target price on shares of Mirion Technologies from $29.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Robert W. Baird reduced their price target on shares of Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Weiss Ratings lowered shares of Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 4th. JPMorgan Chase & Co. lowered their price objective on shares of Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating for the company in a research report on Thursday, March 26th. Finally, Melius Research upgraded shares of Mirion Technologies to a “strong-buy” rating in a report on Monday, March 23rd.

Mirion Technologies Trading Down 4.9%

NYSE:MIR traded down $0.82 on Tuesday, reaching $16.09. The company’s stock had a trading volume of 633,730 shares, compared to its average volume of 3,647,828. Mirion Technologies has a 12-month low of $15.58 and a 12-month high of $30.28. The stock has a 50 day moving average price of $18.12 and a 200 day moving average price of $20.74. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 161.21 and a beta of 1.03. 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 (NYSE:MIR) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $257.60 million during the quarter, compared to analysts’ expectations of $244.78 million. Mirion Technologies had a return on equity of 6.44% and a net margin of 2.56%.The company’s revenue was up 27.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 EPS. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. On average, equities analysts anticipate that Mirion Technologies will post 0.51 EPS for the current fiscal year.

Insider Activity at Mirion Technologies

In other news, CAO Christopher A. Moore sold 8,400 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $19.64, for a total transaction of $164,976.00. Following the completion of the transaction, the chief accounting officer directly owned 22,157 shares in the company, valued at $435,163.48. This trade represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mirion Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of MIR. Tudor Investment Corp ET AL grew its holdings in shares of Mirion Technologies by 174,900.0% in the third quarter. Tudor Investment Corp ET AL now owns 17,500,000 shares of the company’s stock valued at $407,050,000 after purchasing an additional 17,490,000 shares in the last quarter. Two Creeks Capital Management LP purchased a new stake in Mirion Technologies during the 3rd quarter worth approximately $83,707,000. UBS Group AG lifted its holdings in Mirion Technologies by 181.4% during the 3rd quarter. UBS Group AG now owns 4,796,833 shares of the company’s stock worth $111,574,000 after buying an additional 3,092,136 shares in the last quarter. Maverick Capital Ltd. acquired a new stake in Mirion Technologies during the 1st quarter worth approximately $49,261,000. Finally, TCW Group Inc. purchased a new position in Mirion Technologies in the 4th quarter valued at approximately $57,439,000. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

About Mirion Technologies

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.