Varian Medical Systems Inc. (NYSE:VAR) went down by -0.64% during the previous trading session, and it is maintaining the win ahead of Monday’s trading session. The share price of the Medical Instruments & Supplies giant went up by $118.70 to trade ended Monday trading at $119.47. This is down from the $119.47 price recorded on Friday’s trading session. Thanks to this latest performance, VAR is closer to the higher price 52-week target of $150.00 and further from the lowest price target of $90.00. Its performance from the start of the year has also been negative, with VAR down by -16.41% year-to-date.
Varian Medical Systems Inc. (VAR) started the day trading at $118.95 and recorded an intraday high of $119. It also recorded an intraday low of $117.03 during Monday’s trading session. Varian Medical Systems Inc. is a very active stock that recorded a trading volume that is less than -88.0% of the average daily trading volume on Monday. The stock’s trading volume on Monday was 450628, which is less than -88.0 of the total average daily trading volume of 847.19K.
Varian Medical Systems Inc. (NYSE:VAR) 2020 Performance Impressive
The increase in VAR’s stock price on Monday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of VAR currently stands at $150.06, which is higher than the current trading price of the stock by 20.9%. However, VAR’s current trading price is -32.45% lower than the 52-week low price of $89.62. In terms of trading volume, Varian Medical Systems Inc. currently experienced healthy participation during the last trading session. 450628 shares of Varian Medical Systems Inc. were traded on the stock exchange on Monday, which is less than -88.0% of the 847.19K average trading volume of the stock.
The performance of the stock has been positive over the past year. VAR’s performance over the past one year has seen it plunge by -13.50%, while the stock has gone down by -16.33% in the last six months. The quarterly performance of VAR currently stands at 32.17%, and it is up by 2.54% in the last month. The only positive figure was from the weekly performance, which currently reads 1.44%. At the time of writing VAR’s report, the company has a total market cap of $10.78B, making it one of the largest publicly-traded companies in the world.Varian Medical Systems Inc. also has over 10062 employees all over the world.
VAR Insider Activities
For Varian Medical Systems Inc., insiders hold 94.70% of all company shares. The insider transactions over the past six months are up by 8.80%. During that period, insiders bought 93,432 shares in 38 transactions. In that same period, insiders sold 75,464 of their shares in 27 transactions. After these transactions, insiders at Varian Medical Systems Inc. now hold 347.82k shares, which is over 94.63% of the total company stocks. Institutional investors currently hold a large chunk of the VAR shares, as they control 0.38% of the company’s total stock.
VAR Fundamental Analysis
For Varian Medical Systems Inc., the stock’s diluted earnings per share (EPS) stands at 2.57. In the coming year, analysts expect the EPS to be 5.07. The EPS growth will up over the next five years to 9.90% after plunging by -3.30% in the previous five years. In terms of revenue, Varian Medical Systems Inc.’s quarterly sales (YOY) is growing at 0.52, which is higher than the average annual revenue of -3.30% over the past half a decade.
The Return on Investment (ROI) on Varian Medical Systems Inc.’s stock currently stands at 12.10%, and it has a net profit margin of 7.00%. The operating margin of the company is 9.90%, and its gross margin is 43.30%.
VAR Analysts Prediction
In April 01, 2020, several analysts reiterated their positions on the Varian Medical Systems Inc. stock and predicted its performance to their investors. The analysts at Goldman believe VAR is still a Neutral and set the price target between $171 and $114. Another analyst that has a Outperform rating for VAR is Barrington Research, which set a price target of between $152 and $160.
Analysts at Robert W. Baird believe that VAR is Outperform, and they have a price target of between $127 and $162.
VAR Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of VAR currently stands at -2.78%, while the SMA50 is 1.45%. The biggest one is the SMA200, which is currently reading -4.67% ahead of Monday’s trading session. The Relative Strength Index of this stock is 49.34, while its price to earnings ratio (P/E) is 46.24.