A number of other research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Varex Imaging from a hold rating to a sell rating in a research report on Saturday, November 16th. BidaskClub cut shares of Varex Imaging from a strong-buy rating to a buy rating in a report on Wednesday, December 18th. Finally, Oppenheimer initiated coverage on shares of Varex Imaging in a report on Tuesday, October 22nd. They issued an outperform rating and a $40.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Varex Imaging currently has a consensus rating of Buy and a consensus target price of $36.60.
Shares of VREX stock traded up $0.38 during trading on Thursday, hitting $30.73. The company had a trading volume of 153,531 shares, compared to its average volume of 154,479. The company has a quick ratio of 1.09, a current ratio of 2.50 and a debt-to-equity ratio of 0.81. The stock’s 50-day moving average is $30.18 and its two-hundred day moving average is $29.42. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 4.40 and a beta of 1.85. Varex Imaging has a 52 week low of $24.40 and a 52 week high of $35.00.
In other news, CFO Clarence R. Verhoef sold 21,047 shares of Varex Imaging stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $28.94, for a total value of $609,100.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Mark S. Jonaitis sold 13,530 shares of Varex Imaging stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $31.02, for a total value of $419,700.60. The disclosure for this sale can be found here. Company insiders own 3.30% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. ETRADE Capital Management LLC increased its holdings in Varex Imaging by 4.0% in the 2nd quarter. ETRADE Capital Management LLC now owns 22,120 shares of the company’s stock worth $678,000 after buying an additional 855 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Varex Imaging by 650.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 24,341 shares of the company’s stock valued at $746,000 after buying an additional 21,096 shares in the last quarter. Carillon Tower Advisers Inc. increased its position in shares of Varex Imaging by 8.4% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 91,529 shares of the company’s stock valued at $2,805,000 after purchasing an additional 7,075 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Varex Imaging by 12.9% during the 2nd quarter. Prudential Financial Inc. now owns 132,580 shares of the company’s stock valued at $4,063,000 after purchasing an additional 15,174 shares during the last quarter. Finally, Ancora Advisors LLC increased its position in shares of Varex Imaging by 14.4% during the 3rd quarter. Ancora Advisors LLC now owns 100,398 shares of the company’s stock valued at $2,865,000 after purchasing an additional 12,640 shares during the last quarter. 89.17% of the stock is owned by hedge funds and other institutional investors.
Varex Imaging Company Profile
Varex Imaging Corporation designs and manufactures X-ray imaging components. The company operates in two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components comprising X-ray tubes, digital detectors, high voltage connectors, image-processing software and workstations, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, ionization chambers, and buckys.
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