Varian Medical Systems CFO Elisha W. Finney Sells 20,000 Shares (VAR)
Varian Medical Systems (NYSE:VAR) CFO Elisha W. Finney sold 20,000 shares of the stock on the open market in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $85.18, for a total transaction of $1,703,600.00. Following the completion of the transaction, the chief financial officer now directly owns 4,496 shares of the company’s stock, valued at approximately $382,969. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on VAR. Analysts at Zacks reiterated a “neutral” rating on shares of Varian Medical Systems in a research note on Friday, July 25th. They now have a $88.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Varian Medical Systems in a research note on Thursday, July 24th. They now have a $98.00 price target on the stock, up previously from $92.00. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Varian Medical Systems in a research note on Thursday, July 24th. They now have a $95.00 price target on the stock, up previously from $85.00. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $87.22.
Varian Medical Systems (NYSE:VAR) traded up 0.22% on Wednesday, hitting $85.30. 292,908 shares of the company’s stock traded hands. Varian Medical Systems has a one year low of $71.09 and a one year high of $87.85. The stock’s 50-day moving average is $84.30 and its 200-day moving average is $83.11. The company has a market cap of $8.803 billion and a price-to-earnings ratio of 21.86.
Varian Medical Systems (NYSE:VAR) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.08 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.09 by $0.01. The company had revenue of $747.70 million for the quarter, compared to the consensus estimate of $767.52 million. During the same quarter last year, the company posted $1.03 earnings per share. Varian Medical Systems’s revenue was up 3.0% compared to the same quarter last year. Analysts expect that Varian Medical Systems will post $4.25 EPS for the current fiscal year.
Varian Medical Systems, Inc, is a manufacturer of medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy and brachytherapy.