The Goldman Sachs Group Issues Pessimistic Forecast for Mirion Technologies (NYSE:MIR) Stock Price

Mirion Technologies (NYSE:MIR) had its price objective lowered by stock analysts at The Goldman Sachs Group from $33.00 to $29.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price suggests a potential upside of 28.68% from the company’s current price.

Other research analysts have also recently issued reports about the company. Citigroup decreased their price target on Mirion Technologies from $35.00 to $33.00 and set a “buy” rating on the stock in a research note on Monday, December 8th. Morgan Stanley started coverage on Mirion Technologies in a report on Friday, January 23rd. They set an “equal weight” rating and a $29.00 target price for the company. Evercore started 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. raised their price objective on shares of Mirion Technologies from $28.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Mirion Technologies has an average rating of “Moderate Buy” and an average target price of $28.38.

Mirion Technologies Stock Performance

NYSE MIR opened at $22.54 on Thursday. The stock has a market cap of $5.72 billion, a PE ratio of 204.89 and a beta of 0.97. Mirion Technologies has a twelve month low of $12.00 and a twelve month high of $30.28. The stock has a fifty day simple moving average of $24.68 and a 200-day simple moving average of $23.94. 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 announced its earnings results on Tuesday, February 10th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). The company had revenue of $277.40 million for the quarter, compared to analysts’ expectations of $281.17 million. Mirion Technologies had a return on equity of 6.97% and a net margin of 3.11%.The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business earned $0.17 EPS. Mirion Technologies has set its FY 2026 guidance at 0.500-0.570 EPS. Equities analysts anticipate that Mirion Technologies will post 0.39 earnings per share for the current year.

Insider Transactions at Mirion Technologies

In other Mirion Technologies news, Director Lawrence D. Kingsley sold 350,000 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were 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 in the company, valued at $86,779,424.75. This represents a 9.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Mirion Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new stake in shares of Mirion Technologies in the fourth quarter valued at approximately $176,000. The Manufacturers Life Insurance Company boosted its stake in Mirion Technologies by 3.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 115,541 shares of the company’s stock worth $2,706,000 after purchasing an additional 3,418 shares during the period. Segall Bryant & Hamill LLC increased its stake in Mirion Technologies by 4.8% in the fourth quarter. Segall Bryant & Hamill LLC now owns 1,169,689 shares of the company’s stock valued at $27,394,000 after purchasing an additional 53,591 shares during the period. Bridgewater Associates LP purchased a new stake in shares of Mirion Technologies in the fourth quarter valued at about $11,474,000. Finally, UMB Bank n.a. boosted its stake in shares of Mirion Technologies by 175.4% during the fourth quarter. UMB Bank n.a. now owns 1,344 shares of the company’s stock worth $31,000 after buying an additional 856 shares during the period. Hedge funds and other institutional investors own 78.51% of the company’s stock.

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.