Mirion Technologies (NYSE:MIR) Coverage Initiated by Analysts at Jefferies Financial Group

Stock analysts at Jefferies Financial Group started coverage on shares of Mirion Technologies (NYSE:MIR) in a research note issued to investors on Thursday, Briefing.com reports. The brokerage set a “buy” rating and a $20.00 price target on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 28.43% from the company’s previous close.

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

Mirion Technologies Stock Up 0.4%

Mirion Technologies stock opened at $15.57 on Thursday. The stock has a 50 day moving average of $16.01 and a two-hundred day moving average of $18.08. Mirion Technologies has a twelve month low of $14.11 and a twelve month high of $30.28. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 155.73 and a beta of 1.05. The company has a current ratio of 3.20, a quick ratio of 2.63 and a debt-to-equity ratio of 0.64.

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

Institutional Trading of Mirion Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its holdings in Mirion Technologies by 4.3% during the fourth quarter. State Street Corp now owns 9,198,795 shares of the company’s stock worth $215,436,000 after buying an additional 382,449 shares in the last quarter. Geode Capital Management LLC increased its holdings in Mirion Technologies by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 5,786,596 shares of the company’s stock valued at $135,545,000 after buying an additional 157,687 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Mirion Technologies by 3.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,248,506 shares of the company’s stock valued at $122,920,000 after buying an additional 193,914 shares in the last quarter. UBS Group AG lifted its position in shares of Mirion Technologies by 181.4% during the 3rd quarter. UBS Group AG now owns 4,796,833 shares of the company’s stock valued at $111,574,000 after acquiring an additional 3,092,136 shares during the period. Finally, 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 acquiring an additional 4,521,982 shares during the period. Institutional investors and hedge funds 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.