Mirion Technologies, Inc. (NYSE:MIR) Receives Average Recommendation of “Moderate Buy” from Brokerages

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

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

Hedge Funds Weigh In On Mirion Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of 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 purchasing an additional 382,449 shares during the period. Geode Capital Management LLC lifted its holdings 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 purchasing an additional 157,687 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Mirion Technologies by 3.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,248,506 shares of the company’s stock worth $122,920,000 after purchasing an additional 193,914 shares during the period. UBS Group AG boosted its position in Mirion Technologies by 1.2% in the fourth quarter. UBS Group AG now owns 4,852,587 shares of the company’s stock valued at $113,648,000 after buying an additional 55,754 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in Mirion Technologies by 1,649.8% in the second quarter. California State Teachers Retirement System now owns 4,796,078 shares of the company’s stock valued at $85,994,000 after buying an additional 4,521,982 shares during the last quarter. Hedge funds and other institutional investors own 78.51% of the company’s stock.

Mirion Technologies Price Performance

NYSE MIR opened at $14.69 on Wednesday. The firm’s fifty day simple moving average is $16.41 and its two-hundred day simple moving average is $18.42. The firm has a market capitalization of $3.66 billion, a P/E ratio of 146.92 and a beta of 1.05. The company has a current ratio of 3.20, a quick ratio of 2.63 and a debt-to-equity ratio of 0.64. Mirion Technologies has a 12-month low of $14.11 and a 12-month high of $30.28.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Mirion Technologies had a return on equity of 6.59% and a net margin of 2.39%.The firm had revenue of $266.80 million during the quarter, compared to analysts’ expectations of $269.32 million. During the same quarter last year, the firm earned $0.11 EPS. The business’s quarterly 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 forecast that Mirion Technologies will post 0.54 EPS 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.