Varian Medical Systems (VAR) : Analyst Rating Update

Varian Medical Systems (VAR) : 5 analysts are covering Varian Medical Systems (VAR) and their average rating on the stock is 2.06, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Varian Medical Systems (VAR) : 5 investment research analysts covering Varian Medical Systems (VAR) have an average price target of $87.8 for the near short term. The highest target price given by the Brokerage Firm to the stock is $95 and the lowest target is $80 for the short term. Analysts expect the variance to be within $6.22 of the average price.

Varian Medical Systems (NYSE:VAR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $80.73 and $80.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $82.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $82.74, notching a gain of 1.15% for the day. The total traded volume was 657,053 . The stock had closed at $81.80 on the previous day.

Also, Major Brokerage house, Brean Capital maintains its ratings on Varian Medical Systems (NYSE:VAR). In the latest research report, Brean Capital raises the target price from $82 per share to $87 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on April 28, 2016. The company shares have dropped -3.54% from its 1 Year high price. On Jul 29, 2015, the shares registered one year high at $90.78 and the one year low was seen on Sep 28, 2015. The 50-Day Moving Average price is $82.73 and the 200 Day Moving Average price is recorded at $80.22.

Varian Medical Systems Inc. is a manufacturer of medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy and brachytherapy. The Company is a supplier of X-ray imaging components for medical, scientific, and industrial applications and supplies X-ray imaging products for cargo screening and industrial inspection. The Company offers tools for fighting cancer, taking X-ray images and protecting ports and borders. The Companys products include linear accelerators, brachytherapy afterloaders, treatment simulation and verification equipment, accessories, information management, treatment planning and image processing software. The Companys customers include university research and community hospitals, private and governmental institutions, healthcare agencies, doctors offices and cancer care clinics.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.