Mirion Technologies (NYSE:MIR) Now Covered by Morgan Stanley

Morgan Stanley assumed coverage on shares of Mirion Technologies (NYSE:MIR) in a research note issued to investors on Friday morning, MarketBeat.com reports. The firm issued an equal weight rating and a $29.00 target price on the stock.

MIR has been the subject of a number of other reports. Northland Securities increased their target price on shares of Mirion Technologies from $26.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mirion Technologies in a research note on Wednesday, October 8th. Evercore ISI initiated coverage on Mirion Technologies in a research report on Tuesday, November 25th. They issued an “outperform” rating and a $29.00 target price for the company. Citigroup lowered their target price on Mirion Technologies from $35.00 to $33.00 and set a “buy” rating on the stock in a research note on Monday, December 8th. Finally, JPMorgan Chase & Co. upped their price target on Mirion Technologies from $28.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Mirion Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.38.

Mirion Technologies Stock Down 4.3%

MIR stock opened at $25.55 on Friday. The stock has a market cap of $6.48 billion, a P/E ratio of 232.27 and a beta of 0.95. The company has a current ratio of 4.83, a quick ratio of 4.32 and a debt-to-equity ratio of 0.63. The stock’s fifty day simple moving average is $24.92 and its two-hundred day simple moving average is $23.65. Mirion Technologies has a 1-year low of $12.00 and a 1-year high of $30.28.

Mirion Technologies (NYSE:MIR) last announced its earnings results on Tuesday, October 28th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. The firm had revenue of $223.10 million during the quarter, compared to analyst estimates of $222.17 million. Mirion Technologies had a return on equity of 7.09% and a net margin of 2.93%.The business’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $0.08 EPS. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. Analysts expect that Mirion Technologies will post 0.39 EPS for the current year.

Insider Transactions at Mirion Technologies

In other Mirion Technologies news, Director Lawrence D. Kingsley sold 350,000 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $24.73, for a total transaction of $8,655,500.00. Following the sale, the director owned 3,509,075 shares in the company, valued at $86,779,424.75. This represents a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 6.30% of the stock is owned by insiders.

Institutional Trading of Mirion Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in MIR. JPMorgan Chase & Co. lifted its holdings in shares of Mirion Technologies by 187.2% in the second quarter. JPMorgan Chase & Co. now owns 825,269 shares of the company’s stock worth $17,768,000 after buying an additional 537,900 shares in the last quarter. Munro Partners increased its holdings in Mirion Technologies by 64.0% during the 3rd quarter. Munro Partners now owns 199,910 shares of the company’s stock worth $4,650,000 after acquiring an additional 78,035 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Mirion Technologies by 76.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 417,790 shares of the company’s stock worth $9,718,000 after purchasing an additional 181,450 shares in the last quarter. CWM LLC boosted its holdings in Mirion Technologies by 162.9% in the 2nd quarter. CWM LLC now owns 16,910 shares of the company’s stock valued at $364,000 after purchasing an additional 10,479 shares during the period. Finally, New York State Teachers Retirement System purchased a new position in shares of Mirion Technologies during the 3rd quarter valued at $1,269,000. 78.51% of the stock is currently owned by 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.