Finance

Which company offers more value? Varian Medical Systems, Inc. (NYSE:VAR)

Varian Medical Systems, Inc. (NYSE:VAR), ended its previous trading session at $135.37 showing a gain of 0.840000000000003 or 0.62 percent with respect to the price of $134.53 when stock market opened. The company traded 864030 shares over the course of the trading day. Giving the average volume of 685.18 Million over the course of 3 consecutive months. Which signifies a pretty good change over the time with its shares outstanding of 90.78 Million.

Varian Medical Systems, Inc. (NYSE:VAR) is currently trading lower than its price target which is set to $141.25 by the analyst. The stock is -5% Below its 1-Year High which is $142.50. VAR has a difference of 30.26% from its 1 year low which stands at $103.92. The company is currently rated by analyst who are keeping a close eye on the stock as 2. Where 1 means Buy, 2.5 meaning Hold and 5 as Sell.

Varian Medical Systems, Inc. (NYSE:VAR) Performance Snapshot

The stock performed exceptionally good in the previous week which depicts an increase of 1.41 percent in the shares price. The company added about 9.79% in its share price over 1-Month. While taking about the performance of the stock over 1-year interval is 9.71 Percent. VAR currently shows 19.47% as its year to date performance.

Varian Medical Systems, Inc. (NYSE:VAR) Price Insight

The stock needs to grow about $5.88 to reach its price target. In order to seek the stock’s directional movements, 20-Days, 50 Days and 200-Days moving averages are 5.48%, 11.79% and 6.96 percent respectively. The stock trades about 1.91 percent of its Float giving its total shares Outstanding are 90.78 Million. VAR gained about 5.72 percent in 6 months showing its Average True Range of 2.76. The company currently has a RSI and Beta of 75.64 and 0.89.

While talking about Varian Medical Systems, Inc. (NYSE:VAR) valuation ratios, the stock trades with a P/S and P/B of 3.81 and 6.97 which is significantly better and attractive as compared to its peers.