Mirion Technologies (NYSE:MIR) Price Target Lowered to $26.00 at Robert W. Baird

Mirion Technologies (NYSE:MIR) had its price objective cut by Robert W. Baird from $29.00 to $26.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an outperform rating on the stock.

MIR has been the topic of a number of other reports. Melius Research raised Mirion Technologies to a “strong-buy” rating in a research report on Monday, March 23rd. The Goldman Sachs Group cut their price target on Mirion Technologies from $33.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Morgan Stanley reduced their price objective on Mirion Technologies from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 11th. JPMorgan Chase & Co. decreased their price objective on Mirion Technologies from $30.00 to $27.00 and set an “overweight” rating on the stock in a report on Thursday, March 26th. Finally, Citigroup lowered their price objective on Mirion Technologies from $32.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $27.25.

Mirion Technologies Price Performance

NYSE:MIR opened at $17.34 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.83 and a quick ratio of 2.34. Mirion Technologies has a one year low of $12.00 and a one year high of $30.28. The company has a fifty day moving average price of $21.98 and a 200 day moving average price of $23.81. The stock has a market cap of $4.34 billion, a P/E ratio of 157.68 and a beta of 0.99.

Mirion Technologies (NYSE:MIR) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). Mirion Technologies had a return on equity of 6.97% and a net margin of 3.11%.The company had revenue of $277.40 million during the quarter, compared to analyst estimates of $281.17 million. During the same quarter in the prior year, the business earned $0.17 earnings per share. The business’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. Analysts anticipate that Mirion Technologies will post 0.39 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. lifted its stake in Mirion Technologies by 17.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,139,037 shares of the company’s stock worth $26,676,000 after purchasing an additional 167,454 shares during the period. Montanaro Asset Management Ltd grew its stake in shares of Mirion Technologies by 48.8% in the 4th quarter. Montanaro Asset Management Ltd now owns 255,400 shares of the company’s stock valued at $5,981,000 after purchasing an additional 83,800 shares during the period. Corient Private Wealth LLC grew its stake in shares of Mirion Technologies by 16.9% in the 4th quarter. Corient Private Wealth LLC now owns 14,510 shares of the company’s stock valued at $339,000 after purchasing an additional 2,099 shares during the period. Pacer Advisors Inc. acquired a new position in shares of Mirion Technologies in the 4th quarter worth approximately $1,877,000. Finally, Invesco Ltd. raised its holdings in shares of Mirion Technologies by 12.5% in the 4th quarter. Invesco Ltd. now owns 3,101,120 shares of the company’s stock worth $72,628,000 after buying an additional 344,230 shares in the last quarter. Institutional investors and hedge funds 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.