Varian Medical Systems, Inc. stock performance trend indicates that the stock price has rallied 0.56% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -8.05% . Looking at the past 52 week period, the stock price is up at 15.89% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Varian Medical Systems, Inc. has a negative value of -4.35 compared to overall market performance.Based on the Stock Research the Relative Strength Index signal is in over bought territory with a range of 69.81.
Varian Medical Systems, Inc. (NYSE:VAR) has climbed 4.19% in the past week and advanced 9.46% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.94% and the outperformance has advanced to 8.21% for the last 4 weeks period.
Company shares have received an average consensus rating of Hold for the current week Varian Medical Systems, Inc. (NYSE:VAR) : On Friday heightened volatility was witnessed in Varian Medical Systems, Inc. (NYSE:VAR) which led to swings in the share price. The stock opened for trading at $89.95 and hit $91.9 on the upside , eventually ending the session at $91.52, with a gain of 1.81% or 1.63 points. The heightened volatility saw the trading volume jump to 1,318,146 shares. The 52-week high of the share price is $94.482729 and the company has a market cap of $8,553 million. The 52-week low of the share price is at $67.230224 .
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Varian Medical Systems was Reiterated by Barrington Research on Jan 27, 2017 to Outperform, Lowers Price Target to $ 98 from a previous price target of $102 .Company shares were Reiterated by RBC Capital Mkts on Jan 23, 2017 to Sector Perform, Raises Price Target to $ 93 from a previous price target of $91 .
Company has reported several Insider transactions to the SEC, on Mar 14, 2017, John W Kuo (SVP, Gen Counsel and Secretary) sold 862 shares at 87.89 per share price.On Feb 24, 2017, Mark R Laret (director) sold 11,302 shares at 83.56 per share price.On Jan 6, 2017, Dow R Wilson (President and CEO) sold 13,334 shares at 88.74 per share price.
Varian Medical Systems Last issued its quarterly earnings results on Jan 25, 2017. The company reported $1.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $1.06. The company had revenue of $763.30 million for the quarter, compared to analysts expectations of $766.97 million. The companys revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS.
Varian Medical Systems, Inc. is a manufacturer of medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy, and brachytherapy. It supplies tubes and digital detectors for X-ray imaging in medical, scientific, and industrial applications and also supplies X-ray imaging products for cargo screening and industrial inspection. Varian Medical Systems, Inc. is headquartered in Palo Alto, California.