Why Varian Medical Systems, Inc. (NYSE:VAR) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $92.180 on Varian Medical Systems, Inc. (NYSE:VAR) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $4.640 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Varian Medical Systems, Inc. (NYSE:VAR) stands at 24.298.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Varian Medical Systems, Inc. Co, the PEG ratio for coming 3-5 years is 1.820.

Technical Analysis

The technical analysis highlights that Varian Medical Systems, Inc. Co current is trading $3.286 points away or +3.555% from its 50-day moving average of $92.449. Further it is trading $11.389 or +13.503% away its 200-day moving average of $84.346.

The 52-week high of Varian Medical Systems, Inc. (NYSE:VAR) was $96.680 while lowest point recorded in 52-week was $71.070. It implies if stock price makes a movement of over $-0.945, it will record a new 52-week high. In the case of +34.705% drop, it will touch a new 52-week low.

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