Varex Imaging Corp (NASDAQ:VREX) has been given an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company. Varex Imaging’s rating score has declined by 19.8% from 90 days ago as a result of a number of analysts’ ratings changes.

Analysts have set a 1 year consensus price target of $38.50 for the company and are anticipating that the company will post $0.44 EPS for the current quarter, according to Zacks. Zacks has also assigned Varex Imaging an industry rank of 176 out of 265 based on the ratings given to related companies.

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Several analysts recently commented on VREX shares. Zacks Investment Research upgraded Varex Imaging from a “strong sell” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Saturday, December 23rd. JPMorgan Chase & Co. upgraded Varex Imaging from an “underweight” rating to a “neutral” rating in a research report on Wednesday, December 20th.

Shares of Varex Imaging stock opened at $37.21 on Thursday. Varex Imaging has a 1 year low of $27.80 and a 1 year high of $43.76. The company has a current ratio of 3.25, a quick ratio of 1.60 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $1,398.56, a P/E ratio of 27.16, a PEG ratio of 1.99 and a beta of 3.16.

Varex Imaging (NASDAQ:VREX) last posted its earnings results on Thursday, February 1st. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.17). Varex Imaging had a net margin of 7.24% and a return on equity of 16.90%. The business had revenue of $176.20 million during the quarter, compared to analyst estimates of $194.00 million. During the same quarter in the prior year, the business earned $0.37 earnings per share. The firm’s revenue was up 11.9% compared to the same quarter last year. research analysts predict that Varex Imaging will post 1.87 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. American International Group Inc. increased its position in Varex Imaging by 5.8% in the 3rd quarter. American International Group Inc. now owns 29,823 shares of the company’s stock valued at $1,009,000 after acquiring an additional 1,624 shares during the period. California Public Employees Retirement System increased its position in Varex Imaging by 2.0% in the 4th quarter. California Public Employees Retirement System now owns 86,820 shares of the company’s stock valued at $3,488,000 after acquiring an additional 1,700 shares during the period. Rhumbline Advisers boosted its stake in Varex Imaging by 2.5% during the 3rd quarter. Rhumbline Advisers now owns 76,119 shares of the company’s stock valued at $2,576,000 after purchasing an additional 1,860 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its stake in Varex Imaging by 22.9% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 10,200 shares of the company’s stock valued at $345,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in Varex Imaging by 2.9% during the 4th quarter. Teachers Advisors LLC now owns 68,444 shares of the company’s stock valued at $2,749,000 after purchasing an additional 1,923 shares in the last quarter. Hedge funds and other institutional investors own 93.49% of the company’s stock.

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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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