Citigroup Forecasts Strong Price Appreciation for Mirion Technologies (NYSE:MIR) Stock

Mirion Technologies (NYSE:MIR) had its target price upped by investment analysts at Citigroup from $23.00 to $28.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 21.26% from the stock’s previous close.

Several other research firms have also commented on MIR. JPMorgan Chase & Co. assumed coverage on shares of Mirion Technologies in a research report on Friday, September 26th. They issued an “overweight” rating and a $28.00 price target on the stock. Wall Street Zen downgraded shares of Mirion Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Mirion Technologies in a research note on Wednesday. B. Riley reissued a “buy” rating and issued a $22.00 target price (up previously from $17.00) on shares of Mirion Technologies in a research note on Wednesday, July 23rd. Finally, The Goldman Sachs Group lifted their price target on shares of Mirion Technologies from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $26.33.

Mirion Technologies Price Performance

Shares of NYSE:MIR opened at $23.09 on Thursday. The company has a 50-day simple moving average of $22.03 and a 200-day simple moving average of $19.43. Mirion Technologies has a one year low of $12.00 and a one year high of $25.16. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.01 and a current ratio of 2.54. The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of 769.70 and a beta of 0.88.

Mirion Technologies (NYSE:MIR) last announced its earnings results on Thursday, July 31st. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Mirion Technologies had a net margin of 1.12% and a return on equity of 6.57%. The business had revenue of $222.90 million during the quarter, compared to analysts’ expectations of $216.78 million. During the same period in the prior year, the company earned $0.10 earnings per share. The business’s revenue was up 7.6% compared to the same quarter last year. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. On average, analysts predict that Mirion Technologies will post 0.39 EPS for the current year.

Insider Activity at Mirion Technologies

In other Mirion Technologies news, CEO Thomas D. Logan sold 325,000 shares of the business’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $21.31, for a total transaction of $6,925,750.00. Following the sale, the chief executive officer directly owned 3,742,305 shares in the company, valued at approximately $79,748,519.55. The trade was a 7.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.30% of the company’s stock.

Institutional Trading of Mirion Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Zevenbergen Capital Investments LLC raised its position in shares of Mirion Technologies by 2,169.6% during the 3rd quarter. Zevenbergen Capital Investments LLC now owns 231,500 shares of the company’s stock worth $5,385,000 after buying an additional 221,300 shares in the last quarter. Osaic Holdings Inc. raised its position in shares of Mirion Technologies by 803.7% during the 2nd quarter. Osaic Holdings Inc. now owns 5,802 shares of the company’s stock worth $125,000 after buying an additional 5,160 shares in the last quarter. FSC Wealth Advisors LLC bought a new stake in shares of Mirion Technologies during the 2nd quarter worth about $59,000. Munro Partners bought a new stake in shares of Mirion Technologies during the 2nd quarter worth about $2,624,000. Finally, Nomura Holdings Inc. bought a new stake in shares of Mirion Technologies in the 2nd quarter worth approximately $3,056,000. 78.51% of the stock is currently owned by institutional investors.

Mirion Technologies Company Profile

Mirion Technologies, Inc provides radiation detection, measurement, analysis, and monitoring products and services in the United States, Canada, the United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia, South Korea, and Japan. It operates through two segments, Medical and Technologies.