Mirion Technologies (NYSE:MIR) Upgraded by Melius Research to Strong-Buy Rating

Key Points

• Melius Research upgraded Mirion Technologies to a "strong-buy", while the consensus among analysts remains a "Moderate Buy" with an average price target of $27.63 after several firms recently trimmed targets to roughly $27–$30.
• Shares opened at $18.83 (52‑week range $12.00–$30.28) and trade at a high P/E (~171); Mirion missed the most recent quarter (EPS $0.15 vs. $0.16 expected; revenue $277.4M vs. $281.17M) but issued FY2026 guidance of $0.50–$0.57 EPS.
• Institutional ownership is substantial (78.51%), with large investors such as Invesco, Rockefeller Capital and Montanaro increasing their stakes in the latest quarter.

Mirion Technologies (NYSE:MIR - Get Free Report) was upgraded by stock analysts at Melius Research to a "strong-buy" rating in a research report issued on Monday,Zacks.com reports.

MIR has been the topic of a number of other reports. Morgan Stanley decreased their price target on Mirion Technologies from $29.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 11th. Citigroup reduced their target price on Mirion Technologies from $32.00 to $29.00 and set a "buy" rating for the company in a report on Thursday, February 12th. The Goldman Sachs Group decreased their target price on shares of Mirion Technologies from $33.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, February 12th. Evercore initiated coverage on shares of Mirion Technologies in a research note on Tuesday, November 25th. They set an "outperform" rating and a $29.00 price target on the stock. Finally, JPMorgan Chase & Co. cut their price target on shares of Mirion Technologies from $33.00 to $30.00 and set an "overweight" rating for the company in a report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $27.63.

Mirion Technologies Price Performance

Shares of NYSE:MIR opened at $18.83 on Monday. Mirion Technologies has a 52 week low of $12.00 and a 52 week high of $30.28. The company has a 50-day moving average price of $22.53 and a 200 day moving average price of $23.89. The company has a market cap of $4.72 billion, a P/E ratio of 171.23 and a beta of 0.99. The company has a quick ratio of 2.34, a current ratio of 2.83 and a debt-to-equity ratio of 0.62.

Mirion Technologies (NYSE:MIR - Get Free Report) last released its earnings results on Tuesday, February 10th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). The business had revenue of $277.40 million for the quarter, compared to analyst estimates of $281.17 million. Mirion Technologies had a return on equity of 6.97% and a net margin of 3.11%.The business's revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.17 EPS. Mirion Technologies has set its FY 2026 guidance at 0.500-0.570 EPS. Research analysts predict that Mirion Technologies will post 0.39 earnings per share for the current year.

Hedge Funds Weigh In On Mirion Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of MIR. Rockefeller Capital Management L.P. grew its holdings in Mirion Technologies by 17.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,139,037 shares of the company's stock valued at $26,676,000 after purchasing an additional 167,454 shares during the last quarter. Montanaro Asset Management Ltd increased its position in shares of Mirion Technologies by 48.8% in the fourth quarter. Montanaro Asset Management Ltd now owns 255,400 shares of the company's stock valued at $5,981,000 after buying an additional 83,800 shares in the last quarter. Corient Private Wealth LLC raised its stake in shares of Mirion Technologies by 16.9% during the 4th quarter. Corient Private Wealth LLC now owns 14,510 shares of the company's stock worth $339,000 after buying an additional 2,099 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Mirion Technologies in the 4th quarter worth about $1,877,000. Finally, Invesco Ltd. boosted its position in shares of Mirion Technologies by 12.5% in the 4th quarter. Invesco Ltd. now owns 3,101,120 shares of the company's stock worth $72,628,000 after buying an additional 344,230 shares in the last quarter. 78.51% of the stock is owned by institutional investors and hedge funds.

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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