Citigroup Lowers Mirion Technologies (NYSE:MIR) Price Target to $29.00

Mirion Technologies (NYSE:MIR) had its price target cut by equities research analysts at Citigroup from $32.00 to $29.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target points to a potential upside of 28.68% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley started coverage on shares of Mirion Technologies in a report on Friday, January 23rd. They set an “equal weight” rating and a $29.00 price objective on the stock. The Goldman Sachs Group lowered their price target 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. Evercore began coverage on shares of Mirion Technologies in a report on Tuesday, November 25th. They issued an “outperform” rating and a $29.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted 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. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.38.

Mirion Technologies Price Performance

Mirion Technologies stock opened at $22.54 on Thursday. The business’s 50 day simple moving average is $24.68 and its 200 day simple moving average is $23.94. Mirion Technologies has a 12 month low of $12.00 and a 12 month high of $30.28. The company has a market cap of $5.72 billion, a price-to-earnings ratio of 204.89 and a beta of 0.97. The company has a current ratio of 2.84, a quick ratio of 4.32 and a debt-to-equity ratio of 0.62.

Mirion Technologies (NYSE:MIR) last released its earnings results on Tuesday, February 10th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Mirion Technologies had a return on equity of 6.97% and a net margin of 3.11%.The firm had revenue of $277.40 million during the quarter, compared to analysts’ expectations of $281.17 million. During the same period in the prior year, the business earned $0.17 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. Mirion Technologies has set its FY 2026 guidance at 0.500-0.570 EPS. Sell-side analysts forecast that Mirion Technologies will post 0.39 EPS for the current year.

Insiders Place Their Bets

In other Mirion Technologies news, Director Lawrence D. Kingsley sold 350,000 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $24.73, for a total value of $8,655,500.00. Following the transaction, the director directly owned 3,509,075 shares of the company’s stock, 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 SEC, which is accessible through this hyperlink. Corporate insiders own 6.30% of the company’s stock.

Hedge Funds Weigh In On Mirion Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in MIR. Tudor Investment Corp ET AL grew its position in Mirion Technologies by 174,900.0% during the third quarter. Tudor Investment Corp ET AL now owns 17,500,000 shares of the company’s stock valued at $407,050,000 after buying an additional 17,490,000 shares during the period. Vanguard Group Inc. boosted its stake in shares of Mirion Technologies by 28.0% during the 3rd quarter. Vanguard Group Inc. now owns 30,418,327 shares of the company’s stock worth $707,530,000 after acquiring an additional 6,651,735 shares during the last quarter. Two Creeks Capital Management LP purchased a new position in shares of Mirion Technologies during the 3rd quarter worth $83,707,000. UBS Group AG grew its position in shares of Mirion Technologies by 181.4% during the 3rd quarter. UBS Group AG now owns 4,796,833 shares of the company’s stock valued at $111,574,000 after acquiring an additional 3,092,136 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Mirion Technologies by 713.2% in the 2nd quarter. Invesco Ltd. now owns 2,617,252 shares of the company’s stock worth $56,349,000 after purchasing an additional 2,295,414 shares in the last quarter. Hedge funds and other institutional investors own 78.51% of the company’s stock.

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.