Mirion Technologies (NYSE:MIR) Research Coverage Started at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of Mirion Technologies (NYSE:MIR) in a report issued on Thursday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $20.00 price target on the stock.

MIR has been the subject of a number of other research reports. Citigroup reduced their price objective on Mirion Technologies from $28.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Weiss Ratings upgraded Mirion Technologies from a “sell (d)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Morgan Stanley dropped their target price on Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Monday, July 13th. B. Riley Financial reduced their price target on Mirion Technologies from $29.00 to $27.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $23.00 price target on shares of Mirion Technologies in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.56.

Mirion Technologies Stock Up 1.3%

MIR stock opened at $16.97 on Thursday. The firm’s fifty day simple moving average is $15.95 and its 200-day simple moving average is $18.04. The company has a market capitalization of $4.23 billion, a P/E ratio of 169.70 and a beta of 1.05. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.20 and a quick ratio of 2.63. Mirion Technologies has a 12 month low of $14.11 and a 12 month high of $30.28.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $266.80 million for the quarter, compared to analyst estimates of $269.32 million. Mirion Technologies had a net margin of 2.39% and a return on equity of 6.59%. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 earnings per share. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. As a group, equities research analysts forecast that Mirion Technologies will post 0.54 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. California State Teachers Retirement System lifted its position in shares of Mirion Technologies by 1,649.8% during the 2nd quarter. California State Teachers Retirement System now owns 4,796,078 shares of the company’s stock valued at $85,994,000 after buying an additional 4,521,982 shares in the last quarter. UBS Group AG increased its holdings in Mirion Technologies by 181.4% in the 3rd quarter. UBS Group AG now owns 4,796,833 shares of the company’s stock worth $111,574,000 after acquiring an additional 3,092,136 shares in the last quarter. Maverick Capital Ltd. acquired a new position in Mirion Technologies during the first quarter worth $49,261,000. TCW Group Inc. acquired a new position in Mirion Technologies during the fourth quarter worth $57,439,000. Finally, Invesco Ltd. lifted its holdings in Mirion Technologies by 713.2% during the second quarter. Invesco Ltd. now owns 2,617,252 shares of the company’s stock valued at $56,349,000 after purchasing an additional 2,295,414 shares in 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.