Varex Imaging (NASDAQ:VREX) had its target price increased by stock analysts at Jefferies Group to $39.00 in a report released on Friday, November 10th, The Fly reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective indicates a potential upside of 5.18% from the stock’s previous close. Jefferies Group also issued estimates for Varex Imaging’s Q1 2018 earnings at $0.41 EPS, Q2 2018 earnings at $0.45 EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.55 EPS and FY2022 earnings at $2.93 EPS.
A number of other research analysts have also weighed in on the stock. Zacks Investment Research raised shares of Varex Imaging from a “strong sell” rating to a “hold” rating in a report on Thursday, October 5th. 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 for the company. in a research note on Wednesday, October 4th.
Shares of Varex Imaging (NASDAQ VREX) traded down $0.42 on Friday, reaching $37.08. 442,200 shares of the company’s stock were exchanged, compared to its average volume of 429,455. The company has a quick ratio of 1.72, a current ratio of 3.26 and a debt-to-equity ratio of 1.22. Varex Imaging has a twelve month low of $25.00 and a twelve month high of $37.52.
In other news, insider Sunny Sanyal sold 50,000 shares of Varex Imaging stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $36.50, for a total transaction of $1,825,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Several hedge funds have recently added to or reduced their stakes in VREX. Hussman Strategic Advisors Inc. bought a new stake in shares of Varex Imaging in the second quarter valued at about $147,000. Independent Order of Foresters bought a new stake in shares of Varex Imaging in the second quarter valued at about $243,000. Seaward Management Limited Partnership bought a new stake in shares of Varex Imaging in the second quarter valued at about $213,000. Schwab Charles Investment Management Inc. purchased a new position in Varex Imaging in the second quarter valued at about $5,349,000. Finally, Foundry Partners LLC purchased a new position in Varex Imaging in the second quarter valued at about $455,000. Hedge funds and other institutional investors own 92.65% of the company’s stock.
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Varex Imaging Company Profile
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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