The Goldman Sachs Group Lowers Mirion Technologies (NYSE:MIR) Price Target to $25.00

Mirion Technologies (NYSE:MIR) had its target price decreased by equities researchers at The Goldman Sachs Group from $28.00 to $25.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential upside of 47.68% from the stock’s previous close.

A number of other equities analysts have also issued reports on MIR. Weiss Ratings lowered Mirion Technologies from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Citigroup decreased their price target on shares of Mirion Technologies from $29.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, April 30th. JPMorgan Chase & Co. decreased their target price on shares of Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating for the company in a research report on Thursday, March 26th. Robert W. Baird lowered their price objective on shares of Mirion Technologies from $29.00 to $26.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Finally, Melius Research upgraded shares of Mirion Technologies to a “strong-buy” rating in a research report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $26.62.

Mirion Technologies Stock Up 2.0%

MIR stock traded up $0.34 during trading on Friday, reaching $16.93. The stock had a trading volume of 396,181 shares, compared to its average volume of 3,654,053. Mirion Technologies has a 1-year low of $15.58 and a 1-year high of $30.28. The company has a current ratio of 3.19, a quick ratio of 2.63 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $4.24 billion, a P/E ratio of 168.60 and a beta of 1.03. The firm has a fifty day moving average price of $17.95 and a 200 day moving average price of $20.60.

Mirion Technologies (NYSE:MIR) last announced its earnings results on Tuesday, April 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Mirion Technologies had a return on equity of 6.44% and a net margin of 2.56%.The business had revenue of $257.60 million for the quarter, compared to analyst estimates of $244.78 million. During the same period in the previous year, the company earned $0.10 earnings per share. The company’s revenue for the quarter 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. On average, equities analysts anticipate that Mirion Technologies will post 0.54 earnings per share for the current year.

Insider Activity at Mirion Technologies

In other news, CAO Christopher A. Moore sold 8,400 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $19.64, for a total transaction of $164,976.00. Following the transaction, the chief accounting officer owned 22,157 shares in the company, valued at approximately $435,163.48. This trade represents a 27.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.30% of the stock is currently owned by company insiders.

Institutional Trading of Mirion Technologies

Large investors have recently made changes to their positions in the stock. Advisory Services Network LLC acquired a new position in Mirion Technologies in the 3rd quarter valued at $25,000. UMB Bank n.a. boosted its stake in Mirion Technologies by 175.4% during the fourth quarter. UMB Bank n.a. now owns 1,344 shares of the company’s stock worth $31,000 after buying an additional 856 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Mirion Technologies by 470.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock valued at $35,000 after acquiring an additional 1,354 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Mirion Technologies by 58.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,709 shares of the company’s stock valued at $40,000 after purchasing an additional 631 shares during the period. Finally, Global Retirement Partners LLC grew its position in Mirion Technologies by 78.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,018 shares of the company’s stock valued at $47,000 after acquiring an additional 887 shares during the period. 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.