Mirion Technologies (NYSE:MIR) Price Target Cut to $25.00 by Analysts at The Goldman Sachs Group

Mirion Technologies (NYSE:MIR) had its price target decreased by The Goldman Sachs Group from $28.00 to $25.00 in a report released on Friday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Several other research firms have also issued reports on MIR. Citigroup dropped their target price on shares of 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 raised Mirion Technologies to a “strong-buy” rating in a research report on Monday, March 23rd. JPMorgan Chase & Co. dropped their price objective on Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating on the stock in a research note on Thursday, March 26th. Robert W. Baird cut their target price on Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating on the stock in a research report on Monday, March 30th. Finally, Weiss Ratings downgraded Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Mirion Technologies has an average rating of “Moderate Buy” and a consensus target price of $26.62.

Mirion Technologies Trading Up 2.5%

MIR stock traded up $0.41 during trading on Friday, hitting $17.00. The company had a trading volume of 3,380,397 shares, compared to its average volume of 4,100,274. The stock has a market cap of $4.26 billion, a PE ratio of 170.04 and a beta of 1.03. The business has a 50-day moving average of $17.92 and a 200-day moving average of $20.57. The company has a current ratio of 3.19, a quick ratio of 2.63 and a debt-to-equity ratio of 0.63. Mirion Technologies has a one year low of $15.58 and a one year high of $30.28.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. Mirion Technologies had a net margin of 2.56% and a return on equity of 6.44%. The firm had revenue of $257.60 million during the quarter, compared to analyst estimates of $244.78 million. During the same quarter last year, the business earned $0.10 EPS. The company’s revenue was up 27.5% compared to the same quarter last year. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. Research analysts predict that Mirion Technologies will post 0.54 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Christopher A. Moore sold 8,400 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $19.64, for a total value of $164,976.00. Following the completion of the sale, the chief accounting officer directly owned 22,157 shares in the company, valued at $435,163.48. This trade represents a 27.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 6.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Tema ETFs LLC raised its position in shares of Mirion Technologies by 45.4% during the second quarter. Tema ETFs LLC now owns 226,408 shares of the company’s stock worth $4,059,000 after purchasing an additional 70,668 shares during the period. Balefire LLC acquired a new stake in Mirion Technologies in the 2nd quarter valued at $226,000. Altshuler Shaham Ltd increased its stake in Mirion Technologies by 12.3% during the 1st quarter. Altshuler Shaham Ltd now owns 13,147 shares of the company’s stock valued at $244,000 after purchasing an additional 1,443 shares in the last quarter. Amundi increased its stake in Mirion Technologies by 198.3% during the 1st quarter. Amundi now owns 36,691 shares of the company’s stock valued at $682,000 after purchasing an additional 24,391 shares in the last quarter. Finally, 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 buying an additional 49,751 shares during the last quarter. 78.51% of the stock is owned by institutional investors and hedge funds.

Mirion Technologies Company Profile

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.