Varex Imaging (VREX) Getting Somewhat Positive Press Coverage, Analysis Shows
Media headlines about Varex Imaging (NASDAQ:VREX) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Varex Imaging earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.907910750171 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several brokerages have issued reports on VREX. Zacks Investment Research lowered shares of Varex Imaging from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 10th. Jefferies Group LLC began coverage on shares of Varex Imaging in a research note on Wednesday, August 9th. They issued a “buy” rating and a $34.00 price target on the stock. Finally, J P Morgan Chase & Co upgraded shares of Varex Imaging from an “underweight” rating to a “neutral” rating and set a $33.00 price target on the stock in a research note on Tuesday, August 8th.
Shares of Varex Imaging (VREX) traded up 0.75% during midday trading on Wednesday, reaching $29.58. 158,489 shares of the company’s stock traded hands. The firm has a market cap of $1.11 billion and a PE ratio of 18.93. Varex Imaging has a 52-week low of $25.00 and a 52-week high of $36.58. The company has a 50 day moving average of $30.59 and a 200 day moving average of $32.59.
Varex Imaging (NASDAQ:VREX) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.07. The business had revenue of $170 million for the quarter, compared to the consensus estimate of $179.05 million. Varex Imaging’s revenue was up 12.6% compared to the same quarter last year. On average, equities analysts predict that Varex Imaging will post $1.75 EPS for the current fiscal year.
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About Varex Imaging
Varex Imaging Corporation is a supplier of medical X-ray tubes and image processing solutions. The Company’s segments include Medical and Industrial. The X-ray imaging system manufacturers use the Company’s components for medical imaging, cargo screening and border security, to detect, diagnose and protect.
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