Citigroup Lowers Mirion Technologies (NYSE:MIR) Price Target to $33.00

Mirion Technologies (NYSE:MIR) had its target price decreased by analysts at Citigroup from $35.00 to $33.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 30.90% from the company’s current price.

A number of other brokerages have also weighed in on MIR. Northland Capmk upgraded shares of Mirion Technologies to a “strong-buy” rating in a report on Sunday, August 24th. Evercore ISI started coverage on Mirion Technologies in a research note on Tuesday, November 25th. They issued an “outperform” rating and a $29.00 price target for the company. JPMorgan Chase & Co. upped their price target on Mirion Technologies from $28.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mirion Technologies in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group upped their target price on shares of Mirion Technologies from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $28.29.

Mirion Technologies Price Performance

MIR opened at $25.21 on Monday. The firm has a market cap of $6.40 billion, a PE ratio of 229.20 and a beta of 0.94. The stock has a 50-day moving average price of $25.23 and a 200-day moving average price of $22.58. Mirion Technologies has a 1 year low of $12.00 and a 1 year high of $30.28. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.83 and a quick ratio of 4.32.

Mirion Technologies (NYSE:MIR) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The company had revenue of $223.10 million for the quarter, compared to the consensus estimate of $222.17 million. Mirion Technologies had a net margin of 2.93% and a return on equity of 7.09%. Mirion Technologies’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 EPS. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. Sell-side analysts predict that Mirion Technologies will post 0.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Mirion Technologies

In other news, Director Lawrence D. Kingsley sold 300,000 shares of the stock in a transaction on Friday, November 21st. The shares were sold at an average price of $23.83, for a total value of $7,149,000.00. Following the completion of the sale, the director directly owned 3,900,000 shares of the company’s stock, valued at $92,937,000. This represents a 7.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mirion Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tudor Investment Corp ET AL increased its holdings in Mirion Technologies by 174,900.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 17,500,000 shares of the company’s stock valued at $407,050,000 after acquiring an additional 17,490,000 shares during the last quarter. Swiss Life Asset Management Ltd bought a new stake in shares of Mirion Technologies in the third quarter worth about $229,000. CIBC Bancorp USA Inc. purchased a new stake in shares of Mirion Technologies in the third quarter worth about $583,000. Ovata Capital Management Ltd bought a new position in Mirion Technologies during the third quarter valued at approximately $2,326,000. Finally, Maven Securities LTD bought a new position in Mirion Technologies during the third quarter valued at approximately $6,396,000. Institutional investors own 78.51% of the company’s stock.

Mirion Technologies Company Profile

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.