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

Mirion Technologies, Inc. (NYSE:MIR) has been assigned a consensus rating of “Buy” from the nine ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $28.2857.

Several equities analysts recently weighed in on the company. Evercore ISI began coverage on Mirion Technologies in a research note on Tuesday, November 25th. They issued an “outperform” rating and a $29.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of Mirion Technologies in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on Mirion Technologies from $28.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Northland Securities lifted their price target on shares of Mirion Technologies from $26.00 to $29.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Finally, The Goldman Sachs Group upped their price objective on shares of Mirion Technologies from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th.

Mirion Technologies Trading Up 7.2%

Mirion Technologies stock opened at $26.02 on Tuesday. The firm has a market cap of $6.60 billion, a PE ratio of 236.53 and a beta of 0.95. Mirion Technologies has a 12 month low of $12.00 and a 12 month high of $30.28. The stock’s 50 day simple moving average is $25.02 and its two-hundred day simple moving average is $23.28. The company has a current ratio of 4.83, a quick ratio of 4.32 and a debt-to-equity ratio of 0.63.

Mirion Technologies (NYSE:MIR) last posted its earnings results on Tuesday, October 28th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. Mirion Technologies had a net margin of 2.93% and a return on equity of 7.09%. The firm had revenue of $223.10 million during the quarter, compared to analysts’ expectations of $222.17 million. During the same period in the previous year, the business posted $0.08 EPS. The business’s revenue was up 7.9% compared to the same quarter last year. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. Analysts anticipate that Mirion Technologies will post 0.39 earnings per share for the current year.

Insider Buying and Selling at Mirion Technologies

In related news, Director Lawrence D. Kingsley sold 350,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $86,779,424.75. This trade represents a 9.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Mirion Technologies

Hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC purchased a new stake in shares of Mirion Technologies during the third quarter worth approximately $25,000. Wolff Wiese Magana LLC purchased a new stake in shares of Mirion Technologies during the third quarter worth $26,000. Salomon & Ludwin LLC acquired a new stake in shares of Mirion Technologies in the third quarter valued at about $30,000. Fortress Investment Group LLC purchased a new position in shares of Mirion Technologies in the second quarter worth about $32,000. Finally, EverSource Wealth Advisors LLC boosted its position in Mirion Technologies by 470.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock worth $35,000 after acquiring an additional 1,354 shares during the last quarter. Institutional investors and hedge funds 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.