Varex Imaging (NASDAQ:VREX) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Varex Imaging (NASDAQ:VREXGet Free Report) have been assigned a consensus rating of “Reduce” from the seven research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $16.8750.

VREX has been the subject of a number of recent research reports. Zacks Research cut Varex Imaging from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Weiss Ratings upgraded Varex Imaging from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. B. Riley Financial lowered shares of Varex Imaging from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. Sidoti reiterated a “neutral” rating and set a $19.00 price objective on shares of Varex Imaging in a research report on Monday, August 10th. Finally, Oppenheimer downgraded shares of Varex Imaging from an “outperform” rating to a “market perform” rating in a research note on Monday, August 10th.

Check Out Our Latest Stock Analysis on Varex Imaging

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Pzena Investment Management LLC purchased a new stake in shares of Varex Imaging in the second quarter worth approximately $45,312,000. BlackRock Inc. purchased a new position in Varex Imaging during the 2nd quarter valued at $40,624,000. Rice Hall James & Associates LLC bought a new position in Varex Imaging in the 2nd quarter valued at $15,080,000. LSV Asset Management increased its stake in Varex Imaging by 210.7% in the fourth quarter. LSV Asset Management now owns 1,244,329 shares of the company’s stock worth $14,496,000 after purchasing an additional 843,805 shares during the period. Finally, J. Goldman & Co LP purchased a new stake in Varex Imaging in the second quarter worth $6,215,000.

Varex Imaging Stock Performance

Varex Imaging stock opened at $18.46 on Tuesday. The company’s 50-day moving average price is $11.77 and its 200-day moving average price is $11.70. The company has a quick ratio of 1.53, a current ratio of 3.38 and a debt-to-equity ratio of 0.64. The company has a market cap of $777.17 million, a PE ratio of 35.50 and a beta of 0.89. Varex Imaging has a twelve month low of $9.09 and a twelve month high of $18.63.

Varex Imaging (NASDAQ:VREXGet Free Report) last announced its quarterly 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 firm had revenue of $210.50 million during the quarter, compared to the consensus estimate of $215.50 million. Varex Imaging had a net margin of 2.55% and a return on equity of 9.19%. On average, equities research analysts forecast that Varex Imaging will post 0.93 EPS for the current fiscal year.

Varex Imaging Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Varex Imaging (NASDAQ:VREX)

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