Analysts have raised their price target for Mirion Technologies from $25.67 to $26.29. They cite updated models that reflect modest improvements in fair value estimates, even though there have been some adjustments to profit margin assumptions.
What's in the News
- Mirion Technologies completed a follow-on equity offering and raised approximately $369.57 million through the sale of over 17.3 million shares of Class A common stock at $21.35 per share (Key Developments).
- The company filed a follow-on equity offering of $350 million, offering over 14.2 million shares at $24.60 per share (Key Developments).
- Mirion signed a partnership and practical arrangements with the International Atomic Energy Agency (IAEA) to collaborate on radiation detection, measurement, and education initiatives for nuclear safety worldwide (Key Developments).
- Mirion Technologies was added to multiple stock indices, including the S&P 1000, S&P 600, and S&P Composite 1500 (Key Developments).
- The company launched the Vital Platform, a unified software system designed to improve efficiency, safety, and data integration across nuclear power sites, with Vital Supervision as its first application (Key Developments).
Valuation Changes
- Fair Value Estimate has risen slightly from $25.67 to $26.29.
- Discount Rate has decreased marginally from 8.67% to 8.63%.
- Revenue Growth assumptions remain unchanged at 15.27%.
- Net Profit Margin has fallen significantly from 18.54% to 15.56%.
- Future P/E Ratio has increased from 28.28x to 34.47x.
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