Jefferies Financial Group Initiates Coverage on Mirion Technologies (NYSE:MIR)

Key Points

• Jefferies initiated coverage of Mirion Technologies with a “buy” rating and a $20 price target, implying 28.43% upside from the stock’s cited price. Analysts overall rate the shares “Moderate Buy,” with an average target of $25.56.
• Mirion’s latest quarterly results showed adjusted EPS of $0.12, exceeding the $0.10 consensus estimate, while revenue rose 19.7% year over year to $266.8 million but fell short of expectations.
• The stock opened at $15.57 and trades near its 12-month low of $14.11, with a $3.88 billion market capitalization and a high P/E ratio of 155.73. Institutional investors own approximately 78.51% of the company.

Equities research analysts at Jefferies Financial Group assumed coverage on shares of Mirion Technologies (NYSE:MIR - Get Free Report) in a research note issued to investors on Thursday, Briefing.com reports. The firm set a "buy" rating and a $20.00 price target on the stock. Jefferies Financial Group's price target indicates a potential upside of 28.43% from the stock's current price.

A number of other research analysts also recently commented on the company. Weiss Ratings upgraded Mirion Technologies from a "sell (d)" rating to a "hold (c)" rating in a report on Monday, August 3rd. Morgan Stanley decreased their target price on Mirion Technologies from $27.00 to $25.00 and set an "equal weight" rating for the company in a research note on Monday, July 13th. Citigroup lowered their price target on Mirion Technologies from $28.00 to $24.00 and set a "buy" rating for the company in a report on Thursday, July 30th. The Goldman Sachs Group reiterated a "buy" rating and issued a $23.00 price target on shares of Mirion Technologies in a research note on Wednesday, July 29th. Finally, B. Riley Financial dropped their target price on shares of Mirion Technologies from $29.00 to $27.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $25.56.

Mirion Technologies Price Performance

Mirion Technologies stock opened at $15.57 on Thursday. The company has a current ratio of 3.20, a quick ratio of 2.63 and a debt-to-equity ratio of 0.64. The company has a fifty day simple moving average of $16.01 and a 200-day simple moving average of $18.08. The stock has a market cap of $3.88 billion, a P/E ratio of 155.73 and a beta of 1.05. Mirion Technologies has a 12-month low of $14.11 and a 12-month high of $30.28.

Mirion Technologies (NYSE:MIR - Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The firm had revenue of $266.80 million for the quarter, compared to analyst estimates of $269.32 million. Mirion Technologies had a return on equity of 6.59% and a net margin of 2.39%.Mirion Technologies's revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.11 earnings per share. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. Equities analysts expect that Mirion Technologies will post 0.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Stephens Investment Management Group LLC acquired a new position in shares of Mirion Technologies in the 4th quarter valued at $18,969,000. Tredje AP fonden acquired a new stake in Mirion Technologies during the 4th quarter worth $6,576,000. First National Advisers LLC acquired a new stake in Mirion Technologies during the 4th quarter worth $2,604,000. Rockefeller Capital Management L.P. grew its position in Mirion Technologies by 17.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,139,037 shares of the company's stock worth $26,676,000 after purchasing an additional 167,454 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Mirion Technologies by 3.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,248,506 shares of the company's stock worth $122,920,000 after purchasing an additional 193,914 shares during the last quarter. 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.

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