Varex Imaging's (VREX) "Buy" Rating Reaffirmed at B. Riley

B. Riley restated their buy rating on shares of Varex Imaging (NASDAQ:VREX - Free Report) in a report released on Friday morning,Benzinga reports. They currently have a $22.00 price objective on the stock, up from their previous price objective of $21.00. B. Riley also issued estimates for Varex Imaging's Q2 2025 earnings at $0.13 EPS, Q3 2025 earnings at $0.19 EPS and FY2026 earnings at $0.62 EPS.

Separately, StockNews.com cut shares of Varex Imaging from a "buy" rating to a "hold" rating in a research note on Thursday, January 30th.

Varex Imaging Stock Up 2.9 %

Shares of NASDAQ:VREX traded up $0.38 during trading on Friday, hitting $13.34. 417,325 shares of the company were exchanged, compared to its average volume of 495,475. The stock has a market capitalization of $549.80 million, a P/E ratio of -11.42 and a beta of 0.62. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.32 and a quick ratio of 1.97. Varex Imaging has a 12-month low of $10.19 and a 12-month high of $18.30. The firm's 50 day moving average price is $14.39 and its 200-day moving average price is $13.34.

Varex Imaging (NASDAQ:VREX - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.03. Varex Imaging had a negative net margin of 5.79% and a positive return on equity of 3.96%. On average, research analysts predict that Varex Imaging will post 0.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Varex Imaging

Several institutional investors have recently bought and sold shares of VREX. Wellington Management Group LLP acquired a new position in Varex Imaging in the 3rd quarter valued at $19,801,000. Pzena Investment Management LLC grew its stake in shares of Varex Imaging by 51.4% during the 3rd quarter. Pzena Investment Management LLC now owns 3,890,879 shares of the company's stock worth $46,379,000 after purchasing an additional 1,321,666 shares during the period. Wealthfront Advisers LLC acquired a new position in shares of Varex Imaging during the 4th quarter worth $18,900,000. Boston Partners acquired a new position in shares of Varex Imaging during the 4th quarter worth $8,718,000. Finally, Jane Street Group LLC grew its stake in shares of Varex Imaging by 230.6% during the 3rd quarter. Jane Street Group LLC now owns 551,157 shares of the company's stock worth $6,570,000 after purchasing an additional 384,448 shares during the period.

Varex Imaging Company Profile

Varex Imaging Corporation designs, manufactures, and sells X-ray imaging components. The company operates through two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components, comprising X-ray tubes, digital detectors and accessories, ionization chambers, high voltage connectors, image-processing software and workstations, 3D reconstruction software, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, and heat exchangers.