Analyst Revises Varian Medical Systems, Inc. (NYSE:VAR) Stock Target


Varian Medical Systems, Inc. (NYSE:VAR) mean price target has been set at $92.1800 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $1.1000 in the near-term quarter and $4.6500 for the ongoing fiscal. The market cap of Varian Medical Systems, Inc. Co was recorded at $8.89B after the stock closed at $94.5500 in last trading day.

What The Valuation Says?

The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Varian Medical Systems, Inc. (NYSE:VAR) has a P/E ratio of 24.1523. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio.

Varian Medical Systems, Inc. (NYSE:VAR) PEG ratio sits at 1.8000. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks.

Technical Perspective

The technical analysis of Varian Medical Systems, Inc. Co visibly illustrates that the 50-day MA of Varian Medical Systems, Inc. Co is $90.0737, and stock is trading $5.0862 points away or +5.6467% from its 50-day moving average of $90.0737. Further it is trading $12.0200 or +14.4576% away its 200-day moving average of $83.1399. Varian Medical Systems, Inc. (NYSE:VAR) 52-week high is $95.4900 and the 52-week low is $71.0700. This represents that if the stock moves $-0.3301 points up on the chart to it will make a 52-week high. But, if it declines +33.8960%, then the shares price can hit a new 52-week low.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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