Varex Imaging (NASDAQ:VREX) Downgraded by Zacks Research to “Hold”

Zacks Research lowered shares of Varex Imaging (NASDAQ:VREX) from a strong-buy rating to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

Other equities analysts also recently issued reports about the company. Wall Street Zen raised Varex Imaging from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Varex Imaging in a research report on Wednesday, June 24th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $16.17.

Varex Imaging Stock Up 1.4%

NASDAQ:VREX opened at $11.13 on Monday. The company has a market cap of $468.57 million, a PE ratio of -5.57 and a beta of 0.90. Varex Imaging has a twelve month low of $6.76 and a twelve month high of $14.56. The company has a current ratio of 3.20, a quick ratio of 1.43 and a debt-to-equity ratio of 0.67. The company’s 50 day moving average is $10.51 and its two-hundred day moving average is $11.61.

Varex Imaging (NASDAQ:VREX) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Varex Imaging had a positive return on equity of 8.19% and a negative net margin of 9.64%.The company had revenue of $216.00 million during the quarter, compared to analysts’ expectations of $216.92 million. Varex Imaging has set its Q3 2026 guidance at 0.150-0.300 EPS. Analysts anticipate that Varex Imaging will post 0.93 EPS for the current year.

Institutional Trading of Varex Imaging

Several institutional investors and hedge funds have recently bought and sold shares of VREX. Franklin Resources Inc. boosted its holdings in shares of Varex Imaging by 2.2% in the 4th quarter. Franklin Resources Inc. now owns 57,720 shares of the company’s stock valued at $672,000 after acquiring an additional 1,261 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Varex Imaging by 4.4% in the first quarter. SG Americas Securities LLC now owns 30,202 shares of the company’s stock worth $320,000 after acquiring an additional 1,272 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Varex Imaging by 10.4% during the second quarter. The Manufacturers Life Insurance Company now owns 15,302 shares of the company’s stock worth $133,000 after purchasing an additional 1,442 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Varex Imaging by 5.7% during the fourth quarter. Deutsche Bank AG now owns 27,459 shares of the company’s stock worth $320,000 after purchasing an additional 1,477 shares during the last quarter. Finally, Comerica Bank lifted its position in Varex Imaging by 9.3% during the third quarter. Comerica Bank now owns 20,363 shares of the company’s stock valued at $253,000 after purchasing an additional 1,726 shares during the period.

About Varex Imaging

Varex Imaging Corporation is a global provider of X-ray imaging components and solutions for the medical, security and industrial markets. The company designs, develops and manufactures a broad range of products that convert X-ray energy into high-resolution digital images. Its portfolio includes X-ray tubes, flat panel detectors, digital sensors, specialty radiographic tubes and related software, all engineered to meet the demanding requirements of original equipment manufacturers (OEMs) in diagnostic imaging, computed tomography (CT), fluoroscopy, mammography, dental radiography and non-destructive testing applications.

The company’s medical imaging offerings support a wide spectrum of clinical modalities, from portable radiography systems to advanced CT scanners, enhancing image quality and dose efficiency for healthcare providers.