Mirion Technologies, Inc. (NYSE:MIR) Stock Now Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Mirion Technologies has a “Moderate Buy” consensus rating from 10 analysts: seven recommend buying, one strongly recommends buying, and two rate it a hold. The average 12-month price target is $25.12 versus the stock’s $16.49 opening price.
• Institutional investors own 78.51% of the company, with several major funds increasing their positions, including Bank of New York Mellon and Dimensional Fund Advisors.
• Mirion exceeded quarterly EPS expectations, reporting $0.12 compared with the $0.10 consensus estimate, while revenue rose 19.7% year over year to $266.8 million, slightly below forecasts.

Mirion Technologies, Inc. (NYSE:MIR - Get Free Report) has received a consensus rating of "Moderate Buy" from the ten brokerages that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $25.12.

Several equities analysts have issued reports on the stock. Morgan Stanley lowered their target price on shares of Mirion Technologies from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Monday, July 13th. Jefferies Financial Group initiated coverage on shares of Mirion Technologies in a report on Thursday, September 3rd. They set a "buy" rating and a $20.00 price objective for the company. The Goldman Sachs Group restated a "buy" rating and set a $23.00 price objective on shares of Mirion Technologies in a research report on Wednesday, July 29th. Citigroup dropped their target price on shares of Mirion Technologies from $28.00 to $24.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Finally, B. Riley Financial cut their target price on shares of Mirion Technologies from $29.00 to $27.00 and set a "buy" rating for the company in a research report on Thursday, July 30th.

Institutional Investors Weigh In On Mirion Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MIR. Dimensional Fund Advisors LP grew its position in shares of Mirion Technologies by 14.4% during the first quarter. Dimensional Fund Advisors LP now owns 4,694,288 shares of the company's stock worth $87,240,000 after purchasing an additional 591,730 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Mirion Technologies by 47.4% during the 1st quarter. Bank of New York Mellon Corp now owns 4,536,732 shares of the company's stock valued at $84,338,000 after buying an additional 1,459,787 shares in the last quarter. Maverick Capital Ltd. purchased a new stake in Mirion Technologies during the 1st quarter valued at approximately $49,261,000. Emerald Advisers LLC raised its position in shares of Mirion Technologies by 21.5% during the first quarter. Emerald Advisers LLC now owns 1,381,574 shares of the company's stock valued at $25,683,000 after buying an additional 244,428 shares during the last quarter. Finally, Stephens Investment Management Group LLC lifted its holdings in shares of Mirion Technologies by 69.7% in the first quarter. Stephens Investment Management Group LLC now owns 1,374,876 shares of the company's stock worth $25,559,000 after buying an additional 564,933 shares in the last quarter. Institutional investors own 78.51% of the company's stock.

Mirion Technologies Stock Up 1.4%

Shares of Mirion Technologies stock opened at $16.49 on Thursday. Mirion Technologies has a 1 year low of $14.04 and a 1 year high of $30.28. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 164.91 and a beta of 1.10. The company has a 50-day moving average of $15.53 and a 200 day moving average of $17.16. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.20 and a quick ratio of 2.63.

Mirion Technologies (NYSE:MIR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. The company had revenue of $266.80 million during 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%.The firm's revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter last year, the company earned $0.11 EPS. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. As a group, sell-side analysts anticipate that Mirion Technologies will post 0.55 earnings per share for the current fiscal year.

Mirion Technologies Company Profile

Mirion Technologies, Inc provides radiation detection, measurement, and analysis solutions for customers operating in highly regulated and safety-sensitive environments. The company develops hardware, software, and services used to monitor radiation, protect personnel, manage nuclear materials, and support compliance with industry and government standards.

Its offerings include radiation detectors and spectrometers, personal dosimetry and health-physics systems, nuclear instrumentation and control equipment, contamination monitoring systems, and related data-management software.

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