Citi analyst Andrew Kaplowitz maintains $Mirion (MIR.US)$ with a buy rating, and adjusts the target price from $17 to $18.
According to TipRanks data, the analyst has a success rate of 68.4% and a total average return of 23.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Mirion (MIR.US)$'s main analysts recently are as follows:
The company's increase in its 2024 organic growth forecast showcases its strong market presence in robust end markets. Additionally, the identification of $300M-$400M in new order opportunities by the end of 2025 suggests a widespread uptick in demand.
Mirion's Q3 results saw adjusted EBITDA fall short of expectations due to a combination of stronger margins in Technologies being negated by a weaker Medical segment performance and increased Corporate expenses. Despite this, the outlook given seems attainable, supported by the momentum in Nuclear new build projects. Additionally, the upcoming investor day scheduled for December 3rd is anticipated to potentially have a favorable impact on the company's stock.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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