Varian Medical Systems, Inc. (VAR) Stock Forecast & Predictions

Varian Medical Systems, Inc. VAR: $177.07

3100 Hansen Way Bldg 4A, Palo Alto, California, US. | Sector: Manufacturing | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: https://www.varian.com/

  • Market Cap$16.26B
  • Change (52 Weeks)61.74%
  • Low (52 Weeks)$103.67
  • Varian Medical Systems, Inc. (VAR) Forecast Based on Technical Analysis


    Neutral
    Based on 0 Technical Indicators where NaN% are on Buy, NaN% on Sell, and NaN% Neutral.

    According to the market data, Varian Medical Systems, Inc. (VAR) stock price is $177.07 and the 52 weeks low is $103.67, which means the Varian Medical Systems, Inc. stock price is up 61.74% in the last 12 months.

    Varian Medical Systems, Inc. (VAR) Stock Price is not Trending currently as per the Weekly Chart, which means the price may range between specific high and low levels for the next few months, unless some significant changes take place in the market performance or news.

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 0 technical indicators, NaN% are indicating that VAR Stock price might rise further, NaN% indicating that VAR Stock price might fall, and NaN% are in a neutral position.

    Based on these technical algorithms, overall VAR stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a signal.

    Varian Medical Systems, Inc. (VAR) Stock Forecast By Analysts


    On Hold
    Analysts Recommendations for Varian Medical Systems, Inc. (VAR) is based on 12 Institutional Analyst Ratings where 0.00% are on Strong Buy, 0.00% on Moderate Buy, 50.00% remains on Hold, 16.67% are on Moderate Sell and 33.33% are on Strong Sell.

    Out of 12 Institutional Analysts, majority recommended VAR stock as On Hold. This means investors are recommended to hold their existing positions if any, otherwise, the recommendation is neither to buy nor sell at this stage. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Varian Medical Systems, Inc..

    Varian Medical Systems, Inc. (VAR) Stock Price Prediction By Analysts


    HighLowAverage
    $186.90$179.28$181.31
    $181.312.39% Upside
    Updated: 2021-04-12 00:00:00

    The Average Price target for VAR set by the institutional analysts is $181.31 where High Estimate is $186.90, Median $181.305 and Low $179.28.

    The average price target for VAR by Institutional Analysts is $181.31, which is 2.39% Upside from the current price. So according to the Institutional Analysts, VAR Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Varian Medical Systems, Inc. (VAR) Stock Forecast Based on Investor Sentiment


    Neutral
    Based on 388,226 investor portfolio.

    Our algorithm has analysed 388,226 investor portfolio with VAR stock holdings and found that 0.00% of them are bullish. Which means the Investor Sentiment is mostly Neutral.

    This shows most investors at this stage are confused about VAR stock price, whille half of them are optimistic that the price can rise further, half of them think the stock is overvalued and the price can fall anytime.

    Varian Medical Systems, Inc. (VAR) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    JefferiesHoldDowngraded
    BairdNeutralDowngraded
    BTIGNeutralDowngraded
    JefferiesBuyMaintained
    Evercore ISI GroupIn-LineUpgraded
    Piper SandlerOverweightMaintained
    UBSBuyMaintained
    JP MorganUnderweightMaintained
    Evercore ISI GroupUnderperformDowngraded
    Piper SandlerOverweightInitiated
    Goldman SachsNeutralDowngraded
    UBSBuyMaintained
    BairdOutperformMaintained
    Goldman SachsBuyInitiated
    BairdOutperformMaintained
    Evercore ISI GroupOutperformUpgraded
    UBSBuyMaintained
    BTIGBuyUpgraded
    Evercore ISI GroupIn-LineUpgraded
    CitigroupBuyMaintained
    UBSBuyMaintained
    BairdOutperformUpgraded
    Goldman SachsBuyUpgraded
    CitigroupBuyMaintained
    UBSBuyInitiated
    CitigroupBuyMaintained
    CitigroupBuyMaintained
    JP MorganUnderweightMaintained
    JP MorganNeutralMaintained
    CitigroupBuyMaintained
    Evercore ISI GroupUnderperformInitiated
    CitigroupNeutralMaintained
    CitigroupNeutralMaintained
    BTIG ResearchNeutralDowngraded
    Goldman SachsNeutralInitiated
    BTIG ResearchBuyUpgraded
    Aegis CapitalHoldInitiated
    Evercore ISI GroupSellDowngraded
    BairdNeutralMaintained
    Morgan StanleyUnderweightMaintained
    JefferiesBuyMaintained
    CitigroupNeutralMaintained
    Brean CapitalBuyMaintained
    JefferiesBuyMaintained
    RBC CapitalSector PerformInitiated
    CitigroupNeutralInitiated
    JP MorganNeutralMaintained
    BairdNeutralDowngraded
    Goldman SachsSellDowngraded
    JP MorganNeutralDowngraded
    JefferiesBuyMaintained
    JP MorganOverweightMaintained
    JefferiesBuyMaintained
    JP MorganOverweightMaintained
    JefferiesBuyMaintained
    ISI GroupNeutralInitiated
    Morgan StanleyUnderweightMaintained
    BTIG ResearchNeutralInitiated
    Cantor FitzgeraldBuyUpgraded
    CitigroupNeutralUpgraded
    JefferiesBuyMaintained
    CitigroupSellDowngraded
    Morgan StanleyUnderweightDowngraded
    Goldman SachsNeutralUpgraded
    Atlantic EquitiesOverweightInitiated
    JefferiesBuyMaintained
    LazardNeutralDowngraded
    Cantor FitzgeraldHoldMaintained
    BenchmarkBuyInitiated
    JefferiesBuyMaintained
    Brean CapitalBuyInitiated
    Goldman SachsSellMaintained
    S&P Capital IQHoldDowngraded
    JefferiesBuyMaintained
    Cantor FitzgeraldHoldDowngraded
    CitigroupNeutralMaintained
    Barrington ResearchOutperformUpgraded
    JP MorganOverweightMaintained
    JefferiesBuyMaintained
    DNB MarketsBuyMaintained
    CitigroupMaintained

    Varian Medical Systems, Inc. (VAR) Stock Earning Per Share (EPS) Forecast / Estimate


    $1.331
    The average consensus EPS for VAR is $1.331 with a high estimate of $1.691 and Low of $1.000 for the period 2021-06-30 and based on 5 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $1.12$1.02629132020-09-30


    The latest average Earning Per Share Estimate for Varian Medical Systems, Inc. is $1.33, which is higher than VAR's last EPS, $1.12. This means that Analysts are expecting Varian Medical Systems, Inc. to report higher earnings. This can drive share prices higher since the investors have positive sentiment about market performance of Varian Medical Systems, Inc..

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $1.12$1.02629132020-09-30
    $0.78$0.52129132020-06-30
    $0.85$0.86239859999999992020-03-31
    $1.16$1.20661669999999992019-12-31
    $1.21$1.22224142019-09-30
    $1.32$1.14623892019-06-30
    $1.05$1.15925782019-03-31
    $1.06$1.08485109999999982018-12-31
    $1.16$1.21256562018-09-30
    $1.04$1.00102112018-06-30
    $1.15$1.04621862018-03-31
    $1.06$0.94378440000000012017-12-31
    $1.09$1.20063752017-09-30
    $1.04$0.9569752017-06-30
    $0.89$0.90675780000000012017-03-31
    $0.75$1.06338862016-12-31
    $1.38$1.35466252016-09-30
    $1.22$1.18618442016-06-30
    $1.09$1.09171912016-03-31
    $0.99$0.93618919999999992015-12-31
    $1.04$1.11226250000000022015-09-30
    $1.13$1.116052015-06-30
    $1.05$1.012015-03-31
    $0.92$0.86635782014-12-31
    $1.11$1.22311000000000012014-09-30
    $1.08$1.09778922014-06-30
    $1.04$1.03662362014-03-31
    $0.91$0.91573672013-12-31
    $1.08$1.13456332013-09-30
    $1.03$1.02012013-06-30
    $1.02$1.02897790000000012013-03-31
    $0.86$0.87581142012-12-31
    $1.08$1.03946172012-09-30
    $0.96$0.94098672012-06-30
    $0.96$0.97037772012-03-31
    $0.79$0.75905542011-12-31
    $0.95$0.98114432011-09-30
    $0.83$0.8408252011-06-30
    $0.86$0.85849999999999992011-03-31
    $0.8$0.73646172010-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).