Shares of Varex Imaging (NASDAQ:VREX) have been assigned a consensus broker rating score of 2.33 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong sell recommendation and two have assigned a strong buy recommendation to the company. Varex Imaging’s rating score has declined by 39.5% in the last 90 days as a result of various analysts’ ratings changes.

Analysts have set a 1 year consensus price target of $37.33 for the company and are expecting that the company will post $0.40 EPS for the current quarter, according to Zacks. Zacks has also given Varex Imaging an industry rank of 177 out of 265 based on the ratings given to related companies.

A number of equities analysts have commented on the stock. Zacks Investment Research lowered shares of Varex Imaging from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Jefferies Group LLC boosted their price objective on shares of Varex Imaging to $39.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Finally, J P Morgan Chase & Co lowered shares of Varex Imaging from a “neutral” rating to an “underweight” rating and set a $33.00 price objective on the stock. in a report on Wednesday, October 4th.

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In other news, insider Sunny Sanyal sold 50,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $36.50, for a total value of $1,825,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Several institutional investors have recently modified their holdings of the company. American International Group Inc. raised its stake in shares of 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 purchasing an additional 1,624 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Varex Imaging by 2.5% in 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. raised its stake in shares of Varex Imaging by 22.9% in 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. SG Americas Securities LLC raised its stake in shares of Varex Imaging by 9.2% in the 3rd quarter. SG Americas Securities LLC now owns 34,304 shares of the company’s stock valued at $1,161,000 after purchasing an additional 2,876 shares in the last quarter. Finally, Security National Trust Co. acquired a new stake in shares of Varex Imaging in the 2nd quarter valued at about $108,000. Institutional investors and hedge funds own 96.37% of the company’s stock.

Shares of Varex Imaging (VREX) traded up $0.48 during mid-day trading on Tuesday, reaching $37.20. 182,200 shares of the company’s stock were exchanged, compared to its average volume of 435,112. Varex Imaging has a 52-week low of $25.00 and a 52-week high of $37.39. The company has a current ratio of 3.26, a quick ratio of 1.72 and a debt-to-equity ratio of 1.22.

Varex Imaging (NASDAQ:VREX) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. The firm had revenue of $216.00 million during the quarter, compared to analyst estimates of $213.73 million. The company’s quarterly revenue was up 25.5% on a year-over-year basis. sell-side analysts forecast that Varex Imaging will post 1.82 EPS for the current fiscal year.

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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