Analyst Ratings for Varian Medical Systems Inc. (VAR)Updated: 2017-07-26
Shares of Varian Medical Systems Inc. (NYSE:VAR) have received a consensus rating of Hold from Wall Street analysts. Last month, VAR received an average rating of Hold.
3 analysts declared VAR a buy, 0 issued an overweight rating, 8 gave a hold rating, 0 issued an underweight rating, and 1 gave a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has increased by 0.
VAR was given price targets by several analysts. The most optimistic analyst gave a price target of 119, implying a possible profit of 15.35 percent. The most pessimistic analyst gave a price target of 80, implying potential capital losses of -22.45 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
Analysts have revised their earnings estimates upwards for this quarter, by about 0.53 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -2.06 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0.13 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 0.8 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 1 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. During this time, 1 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of VAR to grow at a rate of 25.78 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. VAR has a PEG ratio of 1.29.
VAR has a 52-week high of 107.08 and a 52-week low of 75.94. The current market price is above the trailing year's low by 35.84 percent, and below the high by 3.66 percent. VAR has a P/E ratio of 33.27. Investors typically compare the P/E ratio to a company's peers in the industry. The VAR value stock report compares VAR to some of its peers using value stock charts. The market cap of VAR is $9.54 billion. VAR's next earnings release will be on 0000-00-00, which is days away.