Varex Imaging’s (VREX) Buy Rating Reiterated at B. Riley

B. Riley reaffirmed their buy rating on shares of Varex Imaging (NASDAQ:VREX) in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a $22.00 target price on the stock, up from their previous target price of $21.00. B. Riley also issued estimates for Varex Imaging’s Q2 2025 earnings at $0.13 EPS, Q3 2025 earnings at $0.19 EPS and FY2026 earnings at $0.62 EPS.

Separately, StockNews.com downgraded shares of Varex Imaging from a “buy” rating to a “hold” rating in a research report on Thursday, January 30th.

Varex Imaging Trading Down 19.3 %

NASDAQ:VREX opened at $12.27 on Friday. The company’s 50-day simple moving average is $14.45 and its 200 day simple moving average is $13.36. Varex Imaging has a one year low of $10.19 and a one year high of $18.30. The firm has a market capitalization of $505.89 million, a P/E ratio of -10.49 and a beta of 0.62. The company has a debt-to-equity ratio of 0.72, a current ratio of 3.32 and a quick ratio of 1.97.

Varex Imaging (NASDAQ:VREX) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.04 by $0.03. Varex Imaging had a negative net margin of 5.79% and a positive return on equity of 3.96%. As a group, analysts forecast that Varex Imaging will post 0.63 EPS for the current fiscal year.

Institutional Investors Weigh In On Varex Imaging

Several large investors have recently bought and sold shares of VREX. Isthmus Partners LLC lifted its stake in Varex Imaging by 0.8% during the 4th quarter. Isthmus Partners LLC now owns 149,874 shares of the company’s stock valued at $2,187,000 after acquiring an additional 1,260 shares during the period. Creative Planning lifted its position in Varex Imaging by 9.2% during the third quarter. Creative Planning now owns 19,644 shares of the company’s stock valued at $234,000 after purchasing an additional 1,654 shares during the period. Intech Investment Management LLC boosted its holdings in Varex Imaging by 13.7% in the third quarter. Intech Investment Management LLC now owns 16,267 shares of the company’s stock worth $194,000 after purchasing an additional 1,959 shares during the last quarter. Inspire Advisors LLC grew its position in Varex Imaging by 22.5% in the 4th quarter. Inspire Advisors LLC now owns 17,334 shares of the company’s stock worth $253,000 after purchasing an additional 3,185 shares during the period. Finally, Quest Partners LLC purchased a new stake in Varex Imaging during the 3rd quarter valued at $41,000.

About Varex Imaging

Varex Imaging Corporation designs, manufactures, and sells X-ray imaging components. The company operates through two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components, comprising X-ray tubes, digital detectors and accessories, ionization chambers, high voltage connectors, image-processing software and workstations, 3D reconstruction software, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, and heat exchangers.