Mirion Technologies, Inc. (NYSE:MIR) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Mirion Technologies, with seven buy ratings, two holds and one strong buy. The average 12-month price target is $26.25, well above the stock’s reported $15.29 price.
• Institutional investors own 78.51% of the company, with major holders including State Street, Geode Capital Management, Goldman Sachs and Dimensional Fund Advisors increasing their positions.
• Mirion exceeded quarterly EPS expectations, reporting $0.12 versus the $0.10 consensus, while revenue rose 19.7% year over year to $266.8 million. Analysts project approximately $0.54 in EPS for the current fiscal year.

Mirion Technologies, Inc. (NYSE:MIR - Get Free Report) has been assigned an average rating of "Moderate Buy" from the ten ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $26.25.

MIR has been the topic of a number of recent research reports. Morgan Stanley reduced 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 report on Monday, July 13th. The Goldman Sachs Group reiterated a "buy" rating and set a $23.00 price target on shares of Mirion Technologies in a report on Wednesday, July 29th. B. Riley Financial cut their price objective 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. Citigroup reduced their price objective on shares of Mirion Technologies from $28.00 to $24.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Finally, Weiss Ratings upgraded shares of Mirion Technologies from a "sell (d)" rating to a "hold (c)" rating in a research report on Monday, August 3rd.

Institutional Investors Weigh In On Mirion Technologies

Several hedge funds have recently made changes to their positions in the business. State Street Corp increased its stake in Mirion Technologies by 4.3% in the fourth quarter. State Street Corp now owns 9,198,795 shares of the company's stock valued at $215,436,000 after purchasing an additional 382,449 shares during the last quarter. Geode Capital Management LLC boosted its stake in Mirion Technologies by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 5,786,596 shares of the company's stock worth $135,545,000 after buying an additional 157,687 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Mirion Technologies by 3.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,248,506 shares of the company's stock worth $122,920,000 after buying an additional 193,914 shares during the last quarter. UBS Group AG grew its holdings in Mirion Technologies by 1.2% in the 4th quarter. UBS Group AG now owns 4,852,587 shares of the company's stock valued at $113,648,000 after buying an additional 55,754 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Mirion Technologies by 14.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,694,288 shares of the company's stock valued at $87,240,000 after buying an additional 591,730 shares during the period. Institutional investors and hedge funds own 78.51% of the company's stock.

Mirion Technologies Stock Performance

NYSE MIR opened at $15.29 on Wednesday. Mirion Technologies has a fifty-two week low of $14.11 and a fifty-two week high of $30.28. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 152.85 and a beta of 1.05. The business has a fifty day moving average of $16.57 and a 200-day moving average of $18.77. The company has a quick ratio of 2.63, a current ratio of 3.20 and a debt-to-equity ratio of 0.64.

Mirion Technologies (NYSE:MIR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. The business 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%.The business's revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 earnings per share. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. As a group, analysts predict that Mirion Technologies will post 0.54 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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