Brokerages Set Mirion Technologies, Inc. (NYSE:MIR) PT at $28.38

Shares of Mirion Technologies, Inc. (NYSE:MIR) have been given an average rating of “Moderate Buy” by the nine analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $28.3750.

Several equities research analysts have recently commented on MIR shares. Evercore ISI began coverage on Mirion Technologies in a report on Tuesday, November 25th. They issued an “outperform” rating and a $29.00 price objective for the company. Citigroup dropped their price target on shares of Mirion Technologies from $35.00 to $33.00 and set a “buy” rating on the stock in a research report on Monday, December 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Mirion Technologies in a research report on Wednesday, October 8th. Morgan Stanley initiated coverage on shares of Mirion Technologies in a research note on Friday, January 23rd. They set an “equal weight” rating and a $29.00 price objective on the stock. Finally, JPMorgan Chase & Co. upped their target price on shares of Mirion Technologies from $28.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, October 30th.

Insider Transactions at Mirion Technologies

In other news, Director Lawrence D. Kingsley sold 350,000 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $24.73, for a total transaction of $8,655,500.00. Following the transaction, the director owned 3,509,075 shares in the company, valued at approximately $86,779,424.75. This trade represents a 9.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MIR. Advisory Services Network LLC bought a new stake in Mirion Technologies during the third quarter worth about $25,000. Wolff Wiese Magana LLC bought a new position in Mirion Technologies in the 3rd quarter valued at about $26,000. Salomon & Ludwin LLC acquired a new position in shares of Mirion Technologies in the 3rd quarter valued at approximately $30,000. Fortress Investment Group LLC bought a new stake in shares of Mirion Technologies during the 2nd quarter worth approximately $32,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Mirion Technologies by 470.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock worth $35,000 after acquiring an additional 1,354 shares in the last quarter. Institutional investors own 78.51% of the company’s stock.

Mirion Technologies Stock Down 5.5%

Shares of MIR stock opened at $24.02 on Friday. The firm’s fifty day moving average price is $25.03 and its two-hundred day moving average price is $23.90. The company has a current ratio of 4.83, a quick ratio of 4.32 and a debt-to-equity ratio of 0.63. Mirion Technologies has a 1 year low of $12.00 and a 1 year high of $30.28. The firm has a market capitalization of $6.10 billion, a P/E ratio of 218.38 and a beta of 0.97.

About Mirion Technologies

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.