Analysts have raised their price target for Mirion Technologies from $23.50 to $25.67. They cite expectations of significantly improved revenue growth and profit margins, as well as a more favorable future price-to-earnings outlook.
What's in the News
- Completed a follow-on equity offering of $369.57 million, issuing over 17.3 million shares of Class A common stock at $21.35 per share (Key Development)
- Filed an additional follow-on equity offering for $350 million, planning to offer over 14.2 million shares at $24.60 per share (Key Development)
- Signed a partnership agreement with the International Atomic Energy Agency (IAEA) to collaborate on radiation detection projects, training, measurement assistance, and donation of advanced instrumentation (Key Development)
- Added to multiple S&P indices, including S&P 1000, S&P 600 Information Technology Sector, S&P 600, and S&P Composite 1500 (Key Development)
- Launched the Vital Platform and its first application, Vital Supervision. This enables real-time data integration and improved operational efficiency for nuclear power sites (Key Development)
Valuation Changes
- Fair Value: Increased from $23.50 to $25.67, reflecting a higher analyst assessment.
- Discount Rate: Rose slightly from 8.63% to 8.67%.
- Revenue Growth: Nearly doubled, rising from 7.91% to 15.27%.
- Net Profit Margin: Improved significantly from 9.45% to 18.54%.
- Future P/E: Fell substantially from 61.88x to 28.28x, indicating a more attractive valuation based on projected earnings.
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