Varex Imaging (NASDAQ:VREX) Given “Buy” Rating at B. Riley

Varex Imaging (NASDAQ:VREX)‘s stock had its “buy” rating reissued by B. Riley in a report issued on Wednesday,Benzinga reports. They currently have a $16.00 target price on the stock. B. Riley’s price objective suggests a potential upside of 59.76% from the stock’s current price.

Several other brokerages have also issued reports on VREX. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Varex Imaging in a research note on Wednesday, October 8th. Wall Street Zen downgraded Varex Imaging from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $17.00.

Varex Imaging Price Performance

NASDAQ VREX traded down $1.85 during trading hours on Wednesday, reaching $10.02. 450,692 shares of the company’s stock were exchanged, compared to its average volume of 424,450. The firm has a fifty day moving average of $11.83 and a 200-day moving average of $9.84. Varex Imaging has a one year low of $6.76 and a one year high of $16.93. The stock has a market cap of $415.62 million, a PE ratio of -3.14 and a beta of 0.98. The company has a current ratio of 3.51, a quick ratio of 1.82 and a debt-to-equity ratio of 0.78.

Varex Imaging (NASDAQ:VREX) last announced its earnings results on Tuesday, November 18th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.19. Varex Imaging had a positive return on equity of 5.54% and a negative net margin of 16.13%.The company had revenue of $228.90 million during the quarter, compared to analyst estimates of $219.26 million. Varex Imaging has set its Q1 2026 guidance at 0.050-0.250 EPS. On average, equities research analysts predict that Varex Imaging will post 0.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new stake in Varex Imaging in the 3rd quarter valued at approximately $27,000. Quarry LP acquired a new stake in shares of Varex Imaging in the first quarter valued at approximately $63,000. BNP Paribas Financial Markets lifted its position in shares of Varex Imaging by 18.5% in the second quarter. BNP Paribas Financial Markets now owns 13,045 shares of the company’s stock worth $113,000 after purchasing an additional 2,036 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Varex Imaging by 25.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 13,104 shares of the company’s stock worth $115,000 after purchasing an additional 2,659 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Varex Imaging in the third quarter valued at about $117,000.

About Varex Imaging

Varex Imaging Corporation designs, manufactures, and sells X-ray imaging components. The company operates through two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components, comprising X-ray tubes, digital detectors and accessories, ionization chambers, high voltage connectors, image-processing software and workstations, 3D reconstruction software, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, and heat exchangers.