Mirion Technologies, Inc. (NYSE:MIR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Mirion Technologies, Inc. (NYSE:MIR) has been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $27.1250.

A number of analysts have recently commented on MIR shares. JPMorgan Chase & Co. cut their price target on Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating on the stock in a report on Thursday, March 26th. Citigroup cut their price target on Mirion Technologies from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Melius Research upgraded Mirion Technologies to a “strong-buy” rating in a report on Monday, March 23rd. Robert W. Baird cut their price target on Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Finally, Weiss Ratings lowered Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 4th.

Insider Transactions at Mirion Technologies

In related news, CAO Christopher A. Moore sold 8,400 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $19.64, for a total transaction of $164,976.00. Following the sale, the chief accounting officer owned 22,157 shares in the company, valued at approximately $435,163.48. This represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.20% of the company’s stock.

Institutional Trading of Mirion Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Altshuler Shaham Ltd raised its holdings in Mirion Technologies by 12.3% during the first quarter. Altshuler Shaham Ltd now owns 13,147 shares of the company’s stock worth $244,000 after acquiring an additional 1,443 shares in the last quarter. Amundi raised its holdings in Mirion Technologies by 198.3% during the first quarter. Amundi now owns 36,691 shares of the company’s stock worth $682,000 after acquiring an additional 24,391 shares in the last quarter. California State Teachers Retirement System raised its holdings in Mirion Technologies by 22.2% during the first quarter. California State Teachers Retirement System now owns 274,096 shares of the company’s stock worth $5,095,000 after acquiring an additional 49,751 shares in the last quarter. Maverick Capital Ltd. bought a new stake in Mirion Technologies during the first quarter worth about $49,261,000. Finally, Quantinno Capital Management LP raised its holdings in Mirion Technologies by 269.5% during the first quarter. Quantinno Capital Management LP now owns 41,705 shares of the company’s stock worth $775,000 after acquiring an additional 30,419 shares in the last quarter. Institutional investors own 78.51% of the company’s stock.

Mirion Technologies Stock Performance

Shares of Mirion Technologies stock opened at $17.42 on Tuesday. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of 174.21 and a beta of 1.03. The stock’s 50-day moving average is $18.33 and its 200-day moving average is $21.00. Mirion Technologies has a one year low of $15.58 and a one year high of $30.28. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.19 and a quick ratio of 2.63.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $257.60 million for the quarter, compared to analyst estimates of $244.78 million. Mirion Technologies had a return on equity of 6.44% and a net margin of 2.56%.The company’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 earnings per share. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. Equities analysts predict that Mirion Technologies will post 0.51 earnings per share for the current fiscal year.

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.