Mirion Technologies (NYSE:MIR) Given New $29.00 Price Target at Citigroup

Mirion Technologies (NYSE:MIR) had its price objective decreased by equities research analysts at Citigroup from $32.00 to $29.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 35.68% from the company’s current price.

A number of other research analysts have also weighed in on the stock. Morgan Stanley assumed coverage on shares of Mirion Technologies in a research note on Friday, January 23rd. They issued an “equal weight” rating and a $29.00 price objective on the stock. The Goldman Sachs Group dropped their price target on shares of Mirion Technologies from $33.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on Mirion Technologies from $28.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Finally, Evercore started coverage on Mirion Technologies in a research note on Tuesday, November 25th. They issued an “outperform” rating and a $29.00 price objective for the company. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $28.38.

Mirion Technologies Stock Up 1.5%

NYSE:MIR traded up $0.32 on Thursday, hitting $21.37. The stock had a trading volume of 3,296,120 shares, compared to its average volume of 2,847,102. The company has a quick ratio of 4.32, a current ratio of 4.83 and a debt-to-equity ratio of 0.63. Mirion Technologies has a 52 week low of $12.00 and a 52 week high of $30.28. The business’s fifty day moving average is $24.81 and its 200 day moving average is $23.96. The company has a market cap of $5.42 billion, a PE ratio of 194.50 and a beta of 0.97.

Mirion Technologies (NYSE:MIR) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). Mirion Technologies had a net margin of 3.11% and a return on equity of 7.25%. The firm had revenue of $277.40 million for the quarter, compared to the consensus estimate of $281.17 million. During the same quarter in the prior year, the firm earned $0.17 EPS. The company’s 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 research analysts expect that Mirion Technologies will post 0.39 EPS for the current fiscal year.

Insider Transactions at Mirion Technologies

In other Mirion Technologies news, Director Lawrence D. Kingsley sold 350,000 shares of Mirion Technologies stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $24.73, for a total transaction of $8,655,500.00. Following the transaction, the director owned 3,509,075 shares of the company’s stock, valued at $86,779,424.75. This trade represents a 9.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.30% of the company’s stock.

Institutional Trading of Mirion Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Steward Partners Investment Advisory LLC boosted its position in Mirion Technologies by 58.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,709 shares of the company’s stock worth $40,000 after purchasing an additional 631 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of Mirion Technologies by 3.4% during the 4th quarter. New York State Common Retirement Fund now owns 175,675 shares of the company’s stock worth $4,114,000 after purchasing an additional 5,800 shares during the period. Loomis Sayles & Co. L P boosted its holdings in shares of Mirion Technologies by 3.0% in the 4th quarter. Loomis Sayles & Co. L P now owns 2,845,619 shares of the company’s stock worth $66,644,000 after buying an additional 84,084 shares during the last quarter. Swiss National Bank grew its position in Mirion Technologies by 11.7% during the fourth quarter. Swiss National Bank now owns 464,200 shares of the company’s stock valued at $10,872,000 after buying an additional 48,700 shares during the period. Finally, Polen Capital Management LLC increased its holdings in Mirion Technologies by 4.3% during the fourth quarter. Polen Capital Management LLC now owns 79,419 shares of the company’s stock worth $1,860,000 after buying an additional 3,300 shares during the last quarter. 78.51% of the stock is owned by hedge funds and other institutional investors.

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.