Mirion Technologies, Inc. (NYSE:MIR) Receives $26.25 Consensus PT from Brokerages

Mirion Technologies, Inc. (NYSE:MIR) has earned a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $26.25.

Several research firms recently issued reports on MIR. Morgan Stanley cut their price target on shares of Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Monday, July 13th. The Goldman Sachs Group reissued a “buy” rating and set a $23.00 price objective on shares of Mirion Technologies in a report on Wednesday, July 29th. Weiss Ratings upgraded shares of Mirion Technologies from a “sell (d)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Citigroup cut their target price on shares of Mirion Technologies from $28.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Finally, B. Riley Financial reduced their price target on shares of Mirion Technologies from $29.00 to $27.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Nykredit A S acquired a new position in shares of Mirion Technologies in the 2nd quarter worth approximately $137,000. B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of Mirion Technologies during the 2nd quarter valued at approximately $2,597,000. Wellington Management Group LLP lifted its stake in Mirion Technologies by 31.2% during the second quarter. Wellington Management Group LLP now owns 1,098,987 shares of the company’s stock worth $19,705,000 after purchasing an additional 261,175 shares during the last quarter. Madison Asset Management LLC bought a new position in Mirion Technologies during the second quarter worth $3,407,000. Finally, Summit Creek Advisors LLC acquired a new position in Mirion Technologies in the second quarter worth $3,558,000. Institutional investors own 78.51% of the company’s stock.

Mirion Technologies Price Performance

MIR stock opened at $14.84 on Wednesday. The stock’s 50 day moving average is $16.50 and its two-hundred day moving average is $18.60. Mirion Technologies has a 52-week low of $14.11 and a 52-week high of $30.28. The company has a market capitalization of $3.70 billion, a PE ratio of 148.40 and a beta of 1.05. The company has a quick ratio of 2.63, a current ratio of 3.20 and a debt-to-equity ratio of 0.64.

Mirion Technologies (NYSE:MIR) last released its earnings results on Tuesday, July 28th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. Mirion Technologies had a return on equity of 6.59% and a net margin of 2.39%.The company had revenue of $266.80 million during the quarter, compared to analysts’ expectations of $269.32 million. During the same period in the prior year, the business posted $0.11 EPS. The business’s revenue was up 19.7% on a year-over-year basis. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. Analysts predict that Mirion Technologies will post 0.54 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.