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


The leading market experts have placed a mean price target of $84.33 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 $1.33 a share for the upcoming quarter and $4.58 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 $82.77, and stock is hovering -0.23 or -0.27% distant from $82.77. It is noted that the 200-day MA is $80.13, and Varian Medical Systems, Inc. Co stock is $2.41 or +3.00% off from this point. Varian Medical Systems, Inc. (NYSE:VAR) 52-week high is $90.78 and the 52-week low is $71.07. This explains if the stock moves $-8.24, it will post a 52-week high. In event of $+16.14% points 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 20.41. The stock last ended the trading session at $82.54 and registered a market cap of $7.86B. 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 1.59.

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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