Live Stock Coverage: Is Selling Stock Like Varian Medical Systems, Inc. After Such Decline Winning Strategy?

Live Stock Coverage: Is Selling Stock Like Varian Medical Systems, Inc. After Such Decline Winning Strategy?

The stock of Varian Medical Systems, Inc. (NYSE:VAR) is a huge mover today! About 425,382 shares traded hands. Varian Medical Systems, Inc. (NYSE:VAR) has risen 21.47% since March 11, 2016 and is uptrending. It has outperformed by 16.02% the S&P500.
The move comes after 7 months negative chart setup for the $8.86B company. It was reported on Oct, 14 by Barchart.com. We have $90.96 PT which if reached, will make NYSE:VAR worth $443.00 million less.

Analysts await Varian Medical Systems, Inc. (NYSE:VAR) to report earnings on October, 26. They expect $1.35 earnings per share, up 29.81% or $0.31 from last year’s $1.04 per share. VAR’s profit will be $124.91 million for 17.73 P/E if the $1.35 EPS becomes a reality. After $1.22 actual earnings per share reported by Varian Medical Systems, Inc. for the previous quarter, Wall Street now forecasts 10.66% EPS growth.

Varian Medical Systems, Inc. (NYSE:VAR) Ratings Coverage

Out of 8 analysts covering Varian Medical Systems Inc. (NYSE:VAR), 3 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 38% are positive. Varian Medical Systems Inc. has been the topic of 11 analyst reports since August 27, 2015 according to StockzIntelligence Inc. As per Thursday, November 12, the company rating was initiated by Citigroup. Goldman Sachs downgraded the stock to “Sell” rating in Monday, September 28 report. The rating was initiated by RBC Capital Markets with “Sector Perform” on Tuesday, December 22. The stock of Varian Medical Systems, Inc. (NYSE:VAR) has “Neutral” rating given on Tuesday, October 20 by Robert W. Baird. The rating was maintained by Brean Capital with “Buy” on Thursday, April 28. The firm has “Neutral” rating given on Wednesday, September 28 by Robert W. Baird. The stock of Varian Medical Systems, Inc. (NYSE:VAR) earned “Outperform” rating by Barrington Research on Tuesday, January 12.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment decreased to 0.93 in 2016 Q2. Its down 0.03, from 0.96 in 2016Q1. The ratio is negative, as 37 funds sold all Varian Medical Systems, Inc. shares owned while 180 reduced positions. 39 funds bought stakes while 163 increased positions. They now own 92.56 million shares or 3.46% less from 95.88 million shares in 2016Q1.
The Michigan-based Ls Advsrs Limited Co has invested 0.11% in Varian Medical Systems, Inc. (NYSE:VAR). Apg Asset Mgmt Nv last reported 677,360 shares in the company. Alecta Pensionsforsakring Omsesidigt owns 3.61 million shares or 2.91% of their US portfolio. Westport Management Incorporated holds 0% of its portfolio in Varian Medical Systems, Inc. (NYSE:VAR) for 175 shares. Security National holds 8,000 shares or 0.24% of its portfolio. The Massachusetts-based Anchor Advisors Limited Liability Company has invested 1.22% in Varian Medical Systems, Inc. (NYSE:VAR). Rhumbline Advisers accumulated 0.04% or 171,202 shares. California State Teachers Retirement Sys last reported 0.04% of its portfolio in the stock. The Quebec – Canada-based Caisse De Depot Et Placement Du Quebec has invested 0.01% in Varian Medical Systems, Inc. (NYSE:VAR). Guggenheim Limited Liability holds 0.1% of its portfolio in Varian Medical Systems, Inc. (NYSE:VAR) for 397,155 shares. Blackrock Institutional Na holds 0.04% or 2.75M shares in its portfolio. The New York-based Alliancebernstein Limited Partnership has invested 0.01% in Varian Medical Systems, Inc. (NYSE:VAR). Cypress Asset Management Tx owns 9,888 shares or 0.16% of their US portfolio. Ameritas Inv Prtn holds 0% of its portfolio in Varian Medical Systems, Inc. (NYSE:VAR) for 170 shares. New Amsterdam Prtnrs Ny has 68,384 shares for 1.37% of their US portfolio.

Insider Transactions: Since April 18, 2016, the stock had 0 buys, and 16 selling transactions for $10.42 million net activity. Shares for $343,800 were sold by FINNEY ELISHA W. The insider KUO JOHN W sold 4,073 shares worth $388,860. LARET MARK R sold 1,545 shares worth $128,969. VERHOEF CLARENCE R sold $212,500 worth of Varian Medical Systems, Inc. (NYSE:VAR) on Monday, April 18. GUERTIN TIMOTHY E also sold $379,519 worth of Varian Medical Systems, Inc. (NYSE:VAR) shares. 10,000 shares with value of $960,818 were sold by WILSON DOW R on Tuesday, September 6. NAUMANN-ETIENNE RUEDIGER sold $84,831 worth of stock.

More important recent Varian Medical Systems, Inc. (NYSE:VAR) news were published by: Prnewswire.com which released: “Varian’s InSightive Analytics Solution Now Supports Multi-modality Treatment” on September 19, 2016, also Prnewswire.com published article titled: “Varian Medical Systems Receives FDA 510(k) Clearance For Nexus DR Digital X …”, Nasdaq.com published: “Commit To Buy Varian Medical Systems At $90, Earn 5.5% Annualized Using Options” on September 20, 2016. More interesting news about Varian Medical Systems, Inc. (NYSE:VAR) was released by: Prnewswire.com and their article: “Varian Exhibiting New HyperArc Technology for High Definition Radiotherapy and …” with publication date: September 26, 2016.

VAR Company Profile

Varian Medical Systems, Inc., incorporated on January 22, 1976, makes medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy and brachytherapy. The Firm supplies X-ray imaging components for medical, scientific, cargo screening and industrial applications. The Company’s divisions include Oncology Systems, Imaging Components and Other. The Firm offers a range of post-warranty equipment service contracts and software support contracts. The Company’s domestic service centers are in Milpitas, California; Las Vegas, Nevada, and Atlanta, Georgia. The Company’s international service centers are in France, the United Kingdom, Switzerland, Denmark, Belgium, Germany, the Netherlands, Spain and Italy, among others.

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