Mirion Technologies, Inc. (NYSE:MIR – Get Free Report) was up 6.8% during trading on Thursday . The company traded as high as $16.75 and last traded at $16.6340. 746,809 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 3,709,931 shares. The stock had previously closed at $15.57.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on MIR. Citigroup decreased 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. Jefferies Financial Group started coverage on shares of Mirion Technologies in a report on Thursday. They set a “buy” rating and a $20.00 price objective for the company. Morgan Stanley decreased their target price on shares of Mirion Technologies from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Monday, July 13th. The Goldman Sachs Group reissued a “buy” rating and issued a $23.00 target price on shares of Mirion Technologies in a research note on Wednesday, July 29th. Finally, Weiss Ratings raised shares of Mirion Technologies from a “sell (d)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Mirion Technologies has a consensus rating of “Moderate Buy” and an average price target of $25.56.
Read Our Latest Analysis on Mirion Technologies
Mirion Technologies Stock Up 1.3%
Mirion Technologies (NYSE:MIR – Get Free Report) last issued its quarterly earnings data 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 company had revenue of $266.80 million during the quarter, compared to analysts’ expectations of $269.32 million. During the same period last year, the business earned $0.11 earnings per share. The business’s revenue was up 19.7% on a year-over-year basis. Mirion Technologies has set its FY 2026 guidance at 0.480-0.550 EPS. Equities research analysts forecast that Mirion Technologies, Inc. will post 0.54 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Mirion Technologies
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stephens Investment Management Group LLC acquired a new stake in shares of Mirion Technologies in the fourth quarter valued at $18,969,000. Tredje AP fonden bought a new stake in shares of Mirion Technologies during the fourth quarter worth approximately $6,576,000. First National Advisers LLC acquired a new position in shares of Mirion Technologies in the 4th quarter valued at $2,604,000. Rockefeller Capital Management L.P. lifted its stake in Mirion Technologies by 17.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,139,037 shares of the company’s stock valued at $26,676,000 after buying an additional 167,454 shares during the period. Finally, Lisanti Capital Growth LLC grew its position in shares of Mirion Technologies by 133.3% during the 4th quarter. Lisanti Capital Growth LLC now owns 156,740 shares of the company’s stock worth $3,671,000 after buying an additional 89,565 shares during the period. 78.51% of the stock is currently 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.
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