JPMorgan Chase & Co. Has Lowered Expectations for Mirion Technologies (NYSE:MIR) Stock Price

Mirion Technologies (NYSE:MIR) had its target price cut by stock analysts at JPMorgan Chase & Co. from $30.00 to $27.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 50.54% from the company’s previous close.

Several other equities research analysts have also commented on MIR. Melius Research upgraded shares of Mirion Technologies to a “strong-buy” rating in a research report on Monday, March 23rd. Morgan Stanley lowered their price objective on Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 11th. Citigroup dropped their price target on shares of Mirion Technologies from $32.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Finally, The Goldman Sachs Group dropped their price target on Mirion Technologies from $33.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.25.

Mirion Technologies Trading Down 1.7%

NYSE:MIR opened at $17.94 on Thursday. 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 0.62, a quick ratio of 2.34 and a current ratio of 2.83. The stock has a fifty day moving average price of $22.17 and a two-hundred day moving average price of $23.82. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 163.07 and a beta of 0.99.

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

Hedge Funds Weigh In On Mirion Technologies

A number of institutional investors have recently made changes to their positions in MIR. Vanguard Group Inc. boosted its stake in Mirion Technologies by 28.0% during the 3rd quarter. Vanguard Group Inc. now owns 30,418,327 shares of the company’s stock valued at $707,530,000 after acquiring an additional 6,651,735 shares during the last quarter. Tudor Investment Corp ET AL raised its position in shares of Mirion Technologies by 174,900.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 17,500,000 shares of the company’s stock worth $407,050,000 after purchasing an additional 17,490,000 shares during the period. State Street Corp lifted its stake in Mirion Technologies by 4.3% in the fourth quarter. State Street Corp now owns 9,198,795 shares of the company’s stock valued at $215,436,000 after buying an additional 382,449 shares during the last quarter. Cooperman Leon G boosted its holdings in shares of Mirion Technologies by 17.7% during the third quarter. Cooperman Leon G now owns 8,383,441 shares of the company’s stock valued at $194,999,000 after acquiring an additional 1,258,441 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Mirion Technologies by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 5,786,596 shares of the company’s stock worth $135,545,000 after acquiring an additional 157,687 shares during the last quarter. 78.51% of the stock is owned by institutional investors and hedge funds.

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.