Mirion Technologies (NYSE:MIR) Coverage Initiated at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has initiated coverage of Mirion Technologies, assigning it an "overweight" rating with a price target of $28.00, suggesting a potential upside of approximately 31% from its previous close.
• Mirion Technologies has maintained a positive trajectory, reporting earnings of $0.11 per share for the last quarter, exceeding expectations, and projecting an EPS of 0.39 for the current fiscal year.
• Recent insider trading saw CEO Thomas D. Logan sell 325,000 shares of the company, which reflects a 7.99% decrease in his stock ownership.

Equities researchers at JPMorgan Chase & Co. initiated coverage on shares of Mirion Technologies (NYSE:MIR - Get Free Report) in a research note issued to investors on Friday, Marketbeat Ratings reports. The brokerage set an "overweight" rating and a $28.00 price target on the stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 30.91% from the stock's previous close.

Other analysts have also issued reports about the stock. Northland Securities assumed coverage on shares of Mirion Technologies in a research report on Monday, August 25th. They issued an "outperform" rating and a $26.00 price objective on the stock. Citigroup increased their price objective on shares of Mirion Technologies from $23.00 to $24.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Robert W. Baird raised their target price on shares of Mirion Technologies from $20.00 to $22.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Wall Street Zen downgraded shares of Mirion Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Northland Capmk raised shares of Mirion Technologies to a "strong-buy" rating in a report on Sunday, August 24th. Two investment analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, Mirion Technologies has an average rating of "Buy" and an average price target of $24.50.

Mirion Technologies Stock Down 2.6%

Shares of NYSE MIR opened at $21.39 on Friday. The firm's 50-day moving average price is $21.71 and its 200-day moving average price is $18.80. The company has a current ratio of 2.54, a quick ratio of 2.01 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of 712.93 and a beta of 0.82. Mirion Technologies has a 12-month low of $10.76 and a 12-month high of $25.16.

Mirion Technologies (NYSE:MIR - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. Mirion Technologies had a net margin of 1.12% and a return on equity of 6.57%. The firm had revenue of $222.90 million for the quarter, compared to analysts' expectations of $216.78 million. During the same period in the prior year, the company earned $0.10 EPS. The business's revenue was up 7.6% compared to the same quarter last year. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. On average, equities research analysts anticipate that Mirion Technologies will post 0.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other Mirion Technologies news, CEO Thomas D. Logan sold 325,000 shares of Mirion Technologies stock in a transaction on Monday, August 11th. The shares were sold at an average price of $21.31, for a total value of $6,925,750.00. Following the completion of the transaction, the chief executive officer owned 3,742,305 shares of the company's stock, valued at approximately $79,748,519.55. The trade was a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 6.30% of the company's stock.

Institutional Trading of Mirion Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. increased its stake in shares of Mirion Technologies by 1.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 20,710,389 shares of the company's stock worth $300,301,000 after purchasing an additional 322,243 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Mirion Technologies by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,363,954 shares of the company's stock valued at $106,779,000 after purchasing an additional 178,260 shares during the last quarter. Brown Advisory Inc. boosted its holdings in Mirion Technologies by 45.9% in the 1st quarter. Brown Advisory Inc. now owns 5,560,461 shares of the company's stock valued at $80,627,000 after purchasing an additional 1,748,437 shares during the last quarter. Alyeska Investment Group L.P. raised its stake in shares of Mirion Technologies by 10.3% in the 1st quarter. Alyeska Investment Group L.P. now owns 4,150,262 shares of the company's stock valued at $60,179,000 after acquiring an additional 388,947 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Mirion Technologies by 43.9% in the 1st quarter. American Century Companies Inc. now owns 3,432,814 shares of the company's stock valued at $49,776,000 after acquiring an additional 1,047,781 shares during the period. Hedge funds and other institutional investors own 78.51% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.