Varex Imaging (NASDAQ:VREX) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Varex Imaging (NASDAQ:VREX) have been given an average rating of “Hold” by the seven brokerages that are covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $16.8750.

A number of analysts have commented on the stock. Oppenheimer downgraded shares of Varex Imaging from an “outperform” rating to a “market perform” rating in a report on Monday, August 10th. B. Riley Financial lowered Varex Imaging from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. Weiss Ratings upgraded Varex Imaging from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 26th. CJS Securities lowered shares of Varex Imaging from an “outperform” rating to a “market perform” rating in a report on Monday, August 17th. Finally, Zacks Research cut shares of Varex Imaging from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th.

Varex Imaging Price Performance

NASDAQ:VREX opened at $18.46 on Friday. Varex Imaging has a 12 month low of $9.09 and a 12 month high of $18.63. The stock has a 50 day moving average of $14.80 and a two-hundred day moving average of $12.34. The company has a current ratio of 3.38, a quick ratio of 1.53 and a debt-to-equity ratio of 0.64. The firm has a market cap of $777.17 million, a P/E ratio of 35.50 and a beta of 0.96.

Varex Imaging (NASDAQ:VREX) last announced its earnings results on Monday, August 10th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.10. The business had revenue of $210.50 million during the quarter, compared to analysts’ expectations of $215.50 million. Varex Imaging had a return on equity of 9.19% and a net margin of 2.55%. On average, analysts expect that Varex Imaging will post 1.04 earnings per share for the current fiscal year.

Institutional Trading of Varex Imaging

Hedge funds and other institutional investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. purchased a new stake in Varex Imaging in the 4th quarter valued at about $27,000. Integrated Wealth Concepts LLC purchased a new position in Varex Imaging during the second quarter worth about $32,000. Legal & General Group Plc purchased a new position in Varex Imaging during the second quarter worth about $43,000. Quarry LP acquired a new stake in shares of Varex Imaging during the third quarter valued at about $64,000. Finally, BNP Paribas Financial Markets increased its position in shares of Varex Imaging by 18.5% during the second quarter. BNP Paribas Financial Markets now owns 13,045 shares of the company’s stock valued at $113,000 after acquiring an additional 2,036 shares during the last quarter.

Varex Imaging Company Profile

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.