JPMorgan Chase & Co. Has Lowered Expectations for Mirion Technologies (NYSE:MIR) Stock Price

Mirion Technologies (NYSE:MIR) had its price target dropped by equities research analysts at JPMorgan Chase & Co. from $33.00 to $30.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 42.93% from the company’s current price.

MIR has been the subject of several other reports. The Goldman Sachs Group decreased their price objective on shares of Mirion Technologies from $33.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Morgan Stanley started coverage on shares of Mirion Technologies in a research report on Friday, January 23rd. They set an “equal weight” rating and a $29.00 price target on the stock. Citigroup decreased their price target on shares of Mirion Technologies from $32.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Finally, Evercore began coverage on Mirion Technologies in a research report on Tuesday, November 25th. They set an “outperform” rating and a $29.00 price target on the stock. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Mirion Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $27.88.

Mirion Technologies Trading Up 2.2%

MIR traded up $0.45 during midday trading on Monday, reaching $20.99. 1,558,448 shares of the company’s stock traded hands, compared to its average volume of 3,076,439. Mirion Technologies has a 52 week low of $12.00 and a 52 week high of $30.28. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.83 and a quick ratio of 2.34. The firm has a fifty day moving average of $23.85 and a two-hundred day moving average of $24.02. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 190.84 and a beta of 0.99.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Mirion Technologies had a return on equity of 6.97% and a net margin of 3.11%.The business had revenue of $277.40 million during the quarter, compared to the consensus estimate of $281.17 million. During the same quarter in the prior year, the business posted $0.17 earnings per share. Mirion Technologies’s quarterly revenue was up 9.1% compared to the same quarter last year. Mirion Technologies has set its FY 2026 guidance at 0.500-0.570 EPS. On average, equities analysts anticipate that Mirion Technologies will post 0.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Lawrence D. Kingsley sold 350,000 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $24.73, for a total value of $8,655,500.00. Following the sale, the director directly owned 3,509,075 shares of the company’s stock, valued at approximately $86,779,424.75. This represents a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Mirion Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in Mirion Technologies by 25.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,056 shares of the company’s stock valued at $48,000 after purchasing an additional 414 shares during the last quarter. US Bancorp DE lifted its stake in Mirion Technologies by 6.6% during the 3rd quarter. US Bancorp DE now owns 6,874 shares of the company’s stock valued at $160,000 after acquiring an additional 425 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in shares of Mirion Technologies by 4.8% during the 4th quarter. Stratos Wealth Partners LTD. now owns 10,567 shares of the company’s stock valued at $247,000 after acquiring an additional 484 shares during the last quarter. Kennedy Capital Management LLC grew its stake in shares of Mirion Technologies by 0.4% in the fourth quarter. Kennedy Capital Management LLC now owns 125,076 shares of the company’s stock worth $2,929,000 after acquiring an additional 505 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Mirion Technologies by 16.1% during the third quarter. Nisa Investment Advisors LLC now owns 3,909 shares of the company’s stock valued at $91,000 after purchasing an additional 543 shares during the last quarter. Institutional investors 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.