B. Riley Cuts Mirion Technologies (NYSE:MIR) Price Target to $17.00

Mirion Technologies (NYSE:MIR) had its target price reduced by B. Riley from $19.00 to $17.00 in a report issued on Wednesday,Benzinga reports. B. Riley currently has a buy rating on the stock. B. Riley also issued estimates for Mirion Technologies’ Q1 2025 earnings at $0.08 EPS, Q2 2025 earnings at $0.09 EPS, Q3 2025 earnings at $0.09 EPS, Q4 2025 earnings at $0.13 EPS and FY2025 earnings at $0.40 EPS.

Several other research firms also recently commented on MIR. Baird R W raised Mirion Technologies to a “strong-buy” rating in a research note on Thursday, December 19th. Citigroup reduced their target price on shares of Mirion Technologies from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, Robert W. Baird lowered their price target on shares of Mirion Technologies from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $18.75.

Mirion Technologies Stock Performance

MIR opened at $13.79 on Wednesday. The firm’s fifty day simple moving average is $14.72 and its two-hundred day simple moving average is $15.49. Mirion Technologies has a 52-week low of $9.11 and a 52-week high of $18.81. The company has a market cap of $3.20 billion, a price-to-earnings ratio of -72.56 and a beta of 0.75. The company has a quick ratio of 1.55, a current ratio of 2.16 and a debt-to-equity ratio of 0.43.

Mirion Technologies (NYSE:MIR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Mirion Technologies had a negative net margin of 4.21% and a positive return on equity of 4.78%. Equities analysts anticipate that Mirion Technologies will post 0.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MIR. FMR LLC lifted its stake in shares of Mirion Technologies by 258.4% in the 3rd quarter. FMR LLC now owns 17,957 shares of the company’s stock valued at $199,000 after purchasing an additional 12,947 shares during the last quarter. State Street Corp lifted its position in Mirion Technologies by 2.7% in the third quarter. State Street Corp now owns 5,365,728 shares of the company’s stock valued at $59,399,000 after buying an additional 138,648 shares during the last quarter. XTX Topco Ltd purchased a new position in Mirion Technologies during the third quarter worth about $303,000. Barclays PLC increased its position in shares of Mirion Technologies by 325.0% during the third quarter. Barclays PLC now owns 307,680 shares of the company’s stock valued at $3,405,000 after acquiring an additional 235,288 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Mirion Technologies by 3.4% in the 3rd quarter. Geode Capital Management LLC now owns 4,502,455 shares of the company’s stock valued at $49,851,000 after acquiring an additional 147,408 shares during the period. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

About Mirion Technologies

Mirion Technologies, Inc provides radiation detection, measurement, analysis, and monitoring products and services in the United States, Canada, the United Kingdom, France, Germany, Finland, China, Belgium, Netherlands, Estonia, South Korea, and Japan. It operates through two segments, Medical and Technologies.