Varian Medical Systems, Inc. (NYSE:VAR) has a mean price target of $92.18 by market experts. Market leading group First Call has reached this recommendation by considering recommendations of top analysts in the industry. These experts have specified earnings of $1.10 a share for the very next quarter and $4.64 for this year.
The technical study of Varian Medical Systems, Inc. Co demonstrates that the 50-day moving average of Varian Medical Systems, Inc. (NYSE:VAR) stock is $94.72, and is trading $1.15 points away or +1.21% from 50-day moving average of $94.72. It is trading $10.46 or +12.25% away 200-day moving average of $85.41.
The 52-week high of Varian Medical Systems, Inc. (NYSE:VAR) was $97.48 while $71.07 is the low mark in the same period. It state Varian Medical Systems, Inc. Co share price has to surge more than $-1.61 to hit 52-week high or drop +34.90% to make a 52-week mark. MA here hints at moving average.
Taking the valuation part to reach the estimation of Varian Medical Systems, Inc. Co, investors apply price-to-earnings ratio, which is shortened as P/E ratio. It weighs equity price by the relative expense of the equity. Varian Medical Systems, Inc. (NYSE:VAR) ratio came in at 24.33, after dividing current equity price by yearly earnings. Varian Medical Systems, Inc. Co stock recorded a close of $95.87 in last trading session, registering a market cap of $8.95B.
The price-earnings ratio can be seen as a means of regulating the value of per dollar of earnings through the stock market. In concept, by taking the average of P/E over a period of numerous years, one could frame something of a uniform P/E ratio, which can then be understood as a benchmark and utilized to indicate whether or not a share is worth buying.
Investors estimate the Price-to-Earnings-Growth ratio to catch up with a clear view on the firm valuation. For stocks with higher PEG ratio, they are considered as sell option. The undervalued equity displays PEG ratio of 0 or 1. On contrary, the fairly valued equity has ratio of 1 and 2. Varian Medical Systems, Inc. (NYSE:VAR) PEG ratio is at 1.83.
1 Chart Pattern Every Investor Should Know
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