Northland Securities Sticks to Its Buy Rating for Varex Imaging Corporation (VREX)

By Austin Angelo

Northland Securities analyst Suraj Kalia maintained a Buy rating on Varex Imaging Corporation (VREXResearch Report) today and set a price target of $42. The company’s shares closed yesterday at $30.93.

According to TipRanks.com, Kalia is a 5-star analyst with an average return of 9.5% and a 57.9% success rate. Kalia covers the Healthcare sector, focusing on stocks such as Tactile Systems Technology, Strata Skin Sciences Inc, and Obalon Therapeutics Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Varex Imaging Corporation with a $42 average price target.

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Based on Varex Imaging Corporation’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $5.8 million. In comparison, last year the company had a net profit of $3.8 million.

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Varex Imaging Corp. engages in the design and manufacture of X-ray tubes, flat panel detectors, imaging software, high voltage connectors, and high energy inspection accelerators. It operates through the Medical and Industrial segments.