Stock To Watch: Varian Medical Systems, Inc. (NYSE:VAR)


The leading market experts have placed a mean price target of $92.18 on Varian Medical Systems, Inc. (NYSE:VAR) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.10 a share for the upcoming quarter and $4.65 for the current fiscal.

Technical View

The technical analysis of Varian Medical Systems, Inc. Co plainly substantiates that the 50-day moving average of Varian Medical Systems, Inc. Co is $88.06, and stock is trading $6.86 points away or +7.79% from its 50-day moving average of $88.06. Further it is trading $12.40 or +15.02% away its 200-day moving average of $82.52. Varian Medical Systems, Inc. (NYSE:VAR) 52-week high is $95.49 and the 52-week low is $71.07.

This explains if the stock moves $-0.57, it will post a 52-week high. In event of +33.56% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Varian Medical Systems, Inc. Co, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Varian Medical Systems, Inc. (NYSE:VAR) ratio came in at 24.09.

The stock last ended the trading session at $94.92 and registered a market cap of $8.86B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Varian Medical Systems, Inc. (NYSE:VAR) PEG ratio is at 1.81.

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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