Varex Imaging (VREX) Given News Sentiment Rating of -0.12

News stories about Varex Imaging (NASDAQ:VREX) have trended somewhat negative recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Varex Imaging earned a coverage optimism score of -0.12 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.9031770303803 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Several brokerages recently commented on VREX. Jefferies Group LLC began coverage on Varex Imaging in a research report on Wednesday, August 9th. They set a “buy” rating and a $34.00 price target for the company. Zacks Investment Research cut Varex Imaging from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 10th. Finally, J P Morgan Chase & Co upgraded Varex Imaging from an “underweight” rating to a “neutral” rating and set a $33.00 price objective on the stock in a research note on Tuesday, August 8th.

Varex Imaging (NASDAQ VREX) traded up 1.40% during mid-day trading on Friday, reaching $29.06. The company’s stock had a trading volume of 243,738 shares. Varex Imaging has a 52-week low of $25.00 and a 52-week high of $36.58. The company has a market cap of $1.09 billion and a price-to-earnings ratio of 18.59. The firm has a 50 day moving average price of $31.13 and a 200 day moving average price of $32.61.

Varex Imaging (NASDAQ:VREX) last posted its earnings results on Thursday, August 3rd. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by $0.07. The firm had revenue of $170 million for the quarter, compared to analysts’ expectations of $179.05 million. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. Equities research analysts anticipate that Varex Imaging will post $1.75 earnings per share for the current year.

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Varex Imaging Company Profile

Varex Imaging Corporation is a supplier of medical X-ray tubes and image processing solutions. The Company’s segments include Medical and Industrial. The X-ray imaging system manufacturers use the Company’s components for medical imaging, cargo screening and border security, to detect, diagnose and protect.

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