Varex Imaging’s (VREX) Buy Rating Reiterated at B. Riley

Varex Imaging (NASDAQ:VREX)‘s stock had its “buy” rating reissued by investment analysts at B. Riley in a research report issued on Wednesday,Benzinga reports. They currently have a $16.00 target price on the stock. B. Riley’s price target would suggest a potential upside of 59.76% from the company’s current price.

A number of other brokerages also recently commented on VREX. Weiss Ratings restated a “sell (d)” rating on shares of Varex Imaging in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Varex Imaging from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $17.00.

Varex Imaging Trading Down 15.6%

Varex Imaging stock traded down $1.85 during midday trading on Wednesday, reaching $10.02. The stock had a trading volume of 450,692 shares, compared to its average volume of 424,450. Varex Imaging has a twelve month low of $6.76 and a twelve month high of $16.93. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.51 and a quick ratio of 1.82. The firm has a market cap of $415.62 million, a price-to-earnings ratio of -3.14 and a beta of 0.98. The firm’s fifty day simple moving average is $11.83 and its two-hundred day simple moving average is $9.84.

Varex Imaging (NASDAQ:VREX) last released its earnings results on Tuesday, November 18th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.19. Varex Imaging had a positive return on equity of 5.54% and a negative net margin of 16.13%.The company had revenue of $228.90 million for the quarter, compared to analysts’ expectations of $219.26 million. Varex Imaging has set its Q1 2026 guidance at 0.050-0.250 EPS. Equities analysts anticipate that Varex Imaging will post 0.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Varex Imaging

Hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new position in shares of Varex Imaging in the third quarter worth about $27,000. Quarry LP acquired a new stake in Varex Imaging in the 3rd quarter valued at approximately $64,000. Aquatic Capital Management LLC bought a new position in Varex Imaging in the 3rd quarter worth approximately $117,000. Legato Capital Management LLC acquired a new position in shares of Varex Imaging during the third quarter worth approximately $125,000. Finally, Significant Wealth Partners LLC bought a new stake in shares of Varex Imaging in the third quarter valued at approximately $127,000.

About Varex Imaging

Varex Imaging Corporation designs, manufactures, and sells X-ray imaging components. The company operates through two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components, comprising X-ray tubes, digital detectors and accessories, ionization chambers, high voltage connectors, image-processing software and workstations, 3D reconstruction software, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, and heat exchangers.