NYSE:VARVarian Medical Systems Stock Price, Forecast & News

Varian Medical Systems' stock was trading at $113.04 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, VAR shares have increased by 53.2% and is now trading at $173.15.
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9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Varian Medical Systems in the last year. There are currently 2 sell ratings, 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Varian Medical Systems is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
View our earnings forecast for Varian Medical Systems.

Varian Medical Systems, Inc. (NYSE:VAR) released its earnings results on Sunday, August, 2nd. The medical equipment provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.23. The medical equipment provider had revenue of $694.30 million for the quarter, compared to analysts' expectations of $677.13 million. Varian Medical Systems had a net margin of 8.82% and a return on equity of 19.68%.
View Varian Medical Systems' earnings history.

9 Wall Street analysts have issued 12 month target prices for Varian Medical Systems' stock. Their forecasts range from $90.00 to $178.00. On average, they expect Varian Medical Systems' stock price to reach $144.39 in the next year. This suggests that the stock has a possible downside of 16.6%.
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Media stories about VAR stock have trended negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Varian Medical Systems earned a coverage optimism score of -2.7 on InfoTrie's scale. They also gave media headlines about the medical equipment provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future.
View the latest news about Varian Medical Systems.

Varian Medical Systems saw a increase in short interest in February. As of February 15th, there was short interest totaling 1,450,000 shares, an increase of 20.8% from the January 31st total of 1,200,000 shares. Based on an average daily volume of 622,400 shares, the days-to-cover ratio is presently 2.3 days. Currently, 1.6% of the shares of the company are short sold.
View Varian Medical Systems' Short Interest.

Some companies that are related to Varian Medical Systems include Abbott Laboratories (ABT), Medtronic (MDT), Intuitive Surgical (ISRG), Becton Dickinson and (BDX), Stryker (SYK), Boston Scientific (BSX), Edwards Lifesciences (EW), Baxter International (BAX), DexCom (DXCM), IDEXX Laboratories (IDXX), ResMed (RMD), Teleflex (TFX), Hologic (HOLX), Steris (STE) and ABIOMED (ABMD).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Varian Medical Systems investors own include NVIDIA (NVDA), Gilead Sciences (GILD), Intel (INTC), Pfizer (PFE), Visa (V), Abbott Laboratories (ABT), Coca-Cola (KO), Netflix (NFLX), CVS Health (CVS) and Verizon Communications (VZ).

Varian Medical Systems trades on the New York Stock Exchange (NYSE) under the ticker symbol "VAR."

Varian Medical Systems' stock is owned by a variety of retail and institutional investors. Top institutional investors include Nordea Investment Management AB (1.98%), First Eagle Investment Management LLC (1.47%), APG Asset Management N.V. (1.24%), Bank of America Corp DE (1.13%), FMR LLC (1.04%) and Bank of New York Mellon Corp (0.76%). Company insiders that own Varian Medical Systems stock include Christopher A Toth, Dow R Wilson, Gary E Bischoping Jr, John W Kuo, Kolleen T Kennedy, Magnus Momsen, R Andrew Eckert and Timothy E Guertin.
View institutional ownership trends for Varian Medical Systems.

VAR stock was sold by a variety of institutional investors in the last quarter, including Marshall Wace North America L.P., Viking Global Investors LP, FMR LLC, Bank of America Corp DE, First Trust Advisors LP, Dana Investment Advisors Inc., Assenagon Asset Management S.A., and State of Wisconsin Investment Board. Company insiders that have sold Varian Medical Systems company stock in the last year include Christopher A Toth, Dow R Wilson, John W Kuo, Kolleen T Kennedy, Magnus Momsen, and R Andrew Eckert.
View insider buying and selling activity for Varian Medical Systems.

VAR stock was bought by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, APG Asset Management N.V., Alyeska Investment Group L.P., Sumitomo Mitsui Trust Holdings Inc., London Co. of Virginia, Montrusco Bolton Investments Inc., New York State Common Retirement Fund, and Nuance Investments LLC.
View insider buying and selling activity for Varian Medical Systems.

Shares of VAR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of VAR stock can currently be purchased for approximately $173.15.

Varian Medical Systems has a market capitalization of $15.75 billion and generates $3.23 billion in revenue each year. The medical equipment provider earns $291.90 million in net income (profit) each year or $4.63 on an earnings per share basis. Varian Medical Systems employs 10,062 workers across the globe.

The official website for Varian Medical Systems is www.varian.com.

Varian Medical Systems' mailing address is 3100 Hansen Way, Palo Alto CA, 94304. The medical equipment provider can be reached via phone at 650-493-4000 or via email at [email protected]