Varian Medical Systems, Inc. Co (NYSE:VAR):
Elisha W. Finney Announces Plan to Retire as CFO of Varian Medical Systems.
The company is now up since yesterday’s close of $89.96.
Shares of the company are trading at $90.09 just below $96.83, the stock’s 50 day moving average and just above the 200 day moving average of $89.44. The 50 day moving average went down by -6.96% whereas the 200 day moving average was up $0.65 or +0.73%.
The P/E ratio is currently 21.50 and market capitalization is 8.44B. As of 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 now outstanding. Analysts expect next quarter’s EPS to be $1.18 and the next full year EPS is projected to be $5.46.
Brokerage firms have released ratings on Varian Medical Systems, Inc. Co of late. On July 28 Jefferies maintained a company rating of “Neutral” but raised the price target to $88.00 from $85.00. July 28 investment analysts at Citigroup maintained a stock rating of “Buy” and moved up the price target from $81.00 to $87.00.
On January 28 Jefferies kept the stock rating at “Buy” and lowered the price expectation to $85.00 from $90.00. Barrington Research started covering VAR by announcing an initial rating of “Outperform” and projecting a price target of $91.00.
On December 22, 2015 RBC Capital began coverage of VAR with an initial rating of “Sector Perform” and establishing a price target of $86.00. Equity analyst Citigroup began coverage setting a rating of “Neutral” and a price target of $81.00.