Mirion Technologies (NYSE:MIR) Price Target Cut to $27.00 by Analysts at JPMorgan Chase & Co.

Mirion Technologies (NYSE:MIR) had its price target lowered by JPMorgan Chase & Co. from $30.00 to $27.00 in a research report sent to investors on Thursday,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other equities analysts have also recently issued reports on the company. Morgan Stanley reduced their target price on Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 11th. The Goldman Sachs Group dropped their price target on Mirion Technologies from $33.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Citigroup reduced their price objective on shares of Mirion Technologies from $32.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Finally, Melius Research upgraded shares of Mirion Technologies to a “strong-buy” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.25.

Mirion Technologies Stock Down 3.0%

Shares of NYSE:MIR opened at $18.25 on Thursday. Mirion Technologies has a 1 year low of $12.00 and a 1 year high of $30.28. The company has a market cap of $4.57 billion, a PE ratio of 165.92 and a beta of 0.99. 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 stock’s 50-day moving average is $22.35 and its 200 day moving average is $23.85.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in MIR. EverSource Wealth Advisors LLC boosted its position in shares of Mirion Technologies by 25.2% during the third quarter. EverSource Wealth Advisors LLC now owns 2,056 shares of the company’s stock valued at $48,000 after purchasing an additional 414 shares in the last quarter. US Bancorp DE grew its stake in Mirion Technologies by 6.6% in the third quarter. US Bancorp DE now owns 6,874 shares of the company’s stock worth $160,000 after purchasing an additional 425 shares during the period. Stratos Wealth Partners LTD. raised its holdings in Mirion Technologies by 4.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 10,567 shares of the company’s stock worth $247,000 after purchasing an additional 484 shares in the last quarter. Kennedy Capital Management LLC raised its holdings in Mirion Technologies by 0.4% in the fourth quarter. Kennedy Capital Management LLC now owns 125,076 shares of the company’s stock worth $2,929,000 after purchasing an additional 505 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in Mirion Technologies by 16.1% during the third quarter. Nisa Investment Advisors LLC now owns 3,909 shares of the company’s stock valued at $91,000 after buying an additional 543 shares during the period. Hedge funds and other institutional investors own 78.51% of the company’s stock.

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.