Varian Medical Systems, Inc. Co (NYSE:VAR):
Varian and McKesson Specialty Health Announce Strategic Agreement for Advanced Radiotherapy Equipment and Software.
The company is trading up since yesterday’s close of $89.96.
It is currently trading at $90.09 marginally under $96.83, the stock’s 50 day moving average and slightly over the 200 day moving average of $89.44. The 50 day moving average went down by -6.96% and the 200 day average moved up $0.65.
The company currently has a P/E ratio of 21.50 and the market cap is 8.44B. In the latest earnings report the EPS was $4.19 and is estimated to be $4.97 for the current year with 93,699,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $1.18 and the next full year EPS is anticipated to be $5.46.
Ratings firms have issued ratings on the stock of late. On July 28 Citigroup maintained a company rating of “Buy” but raised the price target to $87.00 from $81.00. July 28 investment analysts at Jefferies left the company rating at “Neutral” but moved up the price target from $85.00 to $88.00.
On January 28 Jefferies kept the stock rating at “Buy” and lowered the price target from $90.00 to $85.00. Equity analyst Barrington Research added the stock to its research portfolio setting a rating of “Outperform” and a price target of $91.00.
RBC Capital began coverage of the stock giving it an initial rating of “Sector Perform” and establishing a price target of $86.00. On November 12 analysts at Citigroup began coverage with an initial rating of “Neutral” and price target of $81.00.