Varex Imaging (NASDAQ:VREX) Stock Rating Upgraded by Wall Street Zen

Varex Imaging (NASDAQ:VREX) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

VREX has been the topic of several other research reports. Zacks Research raised shares of Varex Imaging from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Varex Imaging in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Varex Imaging presently has a consensus rating of “Moderate Buy” and an average price target of $16.17.

Varex Imaging Stock Performance

Shares of Varex Imaging stock opened at $10.61 on Friday. The company’s fifty day simple moving average is $10.56 and its 200-day simple moving average is $11.77. The company has a market cap of $446.68 million, a price-to-earnings ratio of -5.30 and a beta of 0.90. The company has a current ratio of 3.20, a quick ratio of 1.43 and a debt-to-equity ratio of 0.67. Varex Imaging has a 1 year low of $6.76 and a 1 year high of $14.56.

Varex Imaging (NASDAQ:VREX) last announced its earnings results on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $216.00 million for the quarter, compared to the consensus estimate of $216.92 million. Varex Imaging had a positive return on equity of 8.19% and a negative net margin of 9.64%.Varex Imaging has set its Q3 2026 guidance at 0.150-0.300 EPS. As a group, sell-side analysts expect that Varex Imaging will post 0.93 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Varex Imaging by 4.4% in the third quarter. Vanguard Group Inc. now owns 2,989,847 shares of the company’s stock valued at $37,074,000 after buying an additional 126,396 shares during the period. Cooke & Bieler LP increased its stake in Varex Imaging by 2.2% during the 4th quarter. Cooke & Bieler LP now owns 1,632,525 shares of the company’s stock worth $19,019,000 after acquiring an additional 35,042 shares during the period. Neuberger Berman Group LLC increased its stake in Varex Imaging by 1.4% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,518,674 shares of the company’s stock worth $18,810,000 after acquiring an additional 21,499 shares during the period. Rice Hall James & Associates LLC raised its holdings in Varex Imaging by 17.7% in the 1st quarter. Rice Hall James & Associates LLC now owns 1,274,818 shares of the company’s stock valued at $13,526,000 after acquiring an additional 191,854 shares in the last quarter. Finally, LSV Asset Management raised its holdings in Varex Imaging by 210.7% in the 4th quarter. LSV Asset Management now owns 1,244,329 shares of the company’s stock valued at $14,496,000 after acquiring an additional 843,805 shares in the last quarter.

About Varex Imaging

Varex Imaging Corporation is a global provider of X-ray imaging components and solutions for the medical, security and industrial markets. The company designs, develops and manufactures a broad range of products that convert X-ray energy into high-resolution digital images. Its portfolio includes X-ray tubes, flat panel detectors, digital sensors, specialty radiographic tubes and related software, all engineered to meet the demanding requirements of original equipment manufacturers (OEMs) in diagnostic imaging, computed tomography (CT), fluoroscopy, mammography, dental radiography and non-destructive testing applications.

The company’s medical imaging offerings support a wide spectrum of clinical modalities, from portable radiography systems to advanced CT scanners, enhancing image quality and dose efficiency for healthcare providers.