Morgan Stanley Cuts Mirion Technologies (NYSE:MIR) Price Target to $27.00

Mirion Technologies (NYSE:MIR) had its price target reduced by Morgan Stanley from $29.00 to $27.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

MIR has been the topic of a number of other reports. Evercore started coverage on shares of Mirion Technologies in a research report on Tuesday, November 25th. They issued an “outperform” rating and a $29.00 price target on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Mirion Technologies from $33.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, March 9th. The Goldman Sachs Group dropped their price objective on shares of Mirion Technologies from $33.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Finally, Citigroup cut their target price on shares of Mirion Technologies from $32.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $27.63.

Mirion Technologies Stock Performance

MIR stock opened at $18.64 on Wednesday. The company has a current ratio of 2.83, a quick ratio of 2.34 and a debt-to-equity ratio of 0.62. The firm has a market cap of $4.67 billion, a P/E ratio of 169.49 and a beta of 0.99. 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 $23.55 and its 200 day simple moving average is $23.97.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its holdings in shares of Mirion Technologies by 25.2% during the third 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 period. US Bancorp DE raised its stake in shares of Mirion Technologies by 6.6% during the third quarter. US Bancorp DE now owns 6,874 shares of the company’s stock valued at $160,000 after purchasing an additional 425 shares in the last quarter. Stratos Wealth Partners LTD. lifted its holdings in Mirion Technologies by 4.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 10,567 shares of the company’s stock worth $247,000 after purchasing an additional 484 shares during the period. Kennedy Capital Management LLC lifted its holdings in 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 purchasing an additional 505 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in Mirion Technologies by 16.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,909 shares of the company’s stock valued at $91,000 after buying an additional 543 shares in the last quarter. Institutional investors own 78.51% of the company’s stock.

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.