Mirion Technologies (NYSE:MIR) Price Target Lowered to $30.00 at JPMorgan Chase & Co.

Mirion Technologies (NYSE:MIR) had its price objective trimmed by JPMorgan Chase & Co. from $33.00 to $30.00 in a research note published on Monday,Benzinga reports. The firm currently has an overweight rating on the stock.

MIR has been the topic of a number of other research reports. Morgan Stanley assumed coverage on Mirion Technologies in a research report on Friday, January 23rd. They set an “equal weight” rating and a $29.00 price objective on the stock. Citigroup dropped their target price on Mirion Technologies from $32.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. The Goldman Sachs Group cut their price target on Mirion Technologies from $33.00 to $29.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Finally, Evercore initiated coverage on Mirion Technologies in a report on Tuesday, November 25th. They set an “outperform” rating and a $29.00 price target on the stock. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.88.

Mirion Technologies Price Performance

Shares of NYSE:MIR opened at $21.47 on Monday. Mirion Technologies has a one year low of $12.00 and a one year high of $30.28. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.83 and a quick ratio of 2.34. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 195.21 and a beta of 0.99. The firm has a 50 day simple moving average of $23.81 and a 200 day simple moving average of $24.02.

Mirion Technologies (NYSE:MIR) last posted its earnings results on Tuesday, February 10th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The company had revenue of $277.40 million for the quarter, compared to the consensus estimate of $281.17 million. Mirion Technologies had a return on equity of 6.97% and a net margin of 3.11%.The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.17 EPS. Mirion Technologies has set its FY 2026 guidance at 0.500-0.570 EPS. Research analysts predict that Mirion Technologies will post 0.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related 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 value of $8,655,500.00. Following the completion of the sale, the director directly 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 document filed with the SEC, which is available at this hyperlink. 2.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC acquired a new stake in shares of Mirion Technologies in the third quarter valued at about $25,000. Wolff Wiese Magana LLC acquired a new position in shares of Mirion Technologies in the third quarter worth approximately $26,000. Salomon & Ludwin LLC acquired a new position in shares of Mirion Technologies in the third quarter worth approximately $30,000. UMB Bank n.a. boosted its holdings in Mirion Technologies by 175.4% in the fourth quarter. UMB Bank n.a. now owns 1,344 shares of the company’s stock valued at $31,000 after acquiring an additional 856 shares during the last quarter. Finally, Fortress Investment Group LLC bought a new stake in Mirion Technologies in the second quarter valued at approximately $32,000. 78.51% of the stock is owned by institutional investors and hedge funds.

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.