Varex Imaging (NASDAQ:VREX) Raised to Strong-Buy at Zacks Research

Varex Imaging (NASDAQ:VREX) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

VREX has been the subject of a number of other research reports. Wall Street Zen upgraded Varex Imaging from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 28th. B. Riley Financial reiterated a “buy” rating on shares of Varex Imaging in a research note on Thursday, February 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Varex Imaging in a research note on Friday, March 27th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $14.50 target price on shares of Varex Imaging in a report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $16.17.

Varex Imaging Price Performance

Shares of VREX opened at $11.74 on Monday. Varex Imaging has a 1-year low of $6.76 and a 1-year high of $14.56. The stock has a market cap of $491.91 million, a PE ratio of -7.16 and a beta of 0.99. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.89 and a quick ratio of 1.87. The firm has a fifty day moving average price of $12.07 and a 200 day moving average price of $12.14.

Varex Imaging (NASDAQ:VREX) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Varex Imaging had a negative net margin of 7.92% and a positive return on equity of 8.43%. The firm had revenue of $209.60 million during the quarter, compared to analysts’ expectations of $207.83 million. Varex Imaging has set its Q2 2026 guidance at 0.150-0.250 EPS. As a group, sell-side analysts anticipate that Varex Imaging will post 0.53 EPS for the current year.

Insider Activity at Varex Imaging

In other news, Director Jay K. Kunkel sold 4,510 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $11.14, for a total transaction of $50,241.40. Following the completion of the sale, the director owned 23,450 shares in the company, valued at $261,233. This represents a 16.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its holdings in Varex Imaging by 2.2% during the fourth quarter. Franklin Resources Inc. now owns 57,720 shares of the company’s stock worth $672,000 after purchasing an additional 1,261 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Varex Imaging by 10.4% during the second quarter. The Manufacturers Life Insurance Company now owns 15,302 shares of the company’s stock worth $133,000 after purchasing an additional 1,442 shares in the last quarter. Deutsche Bank AG raised its holdings in Varex Imaging by 5.7% during the fourth quarter. Deutsche Bank AG now owns 27,459 shares of the company’s stock worth $320,000 after purchasing an additional 1,477 shares in the last quarter. Comerica Bank grew its holdings in Varex Imaging by 9.3% during the third quarter. Comerica Bank now owns 20,363 shares of the company’s stock worth $253,000 after acquiring an additional 1,726 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in Varex Imaging by 18.5% during the second quarter. BNP Paribas Financial Markets now owns 13,045 shares of the company’s stock worth $113,000 after acquiring an additional 2,036 shares during the period.

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.