VAR - Varian Medical Systems, Inc.

NYSE - NYSE Delayed Price. Currency in USD
104.19
+7.84 (+8.14%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Bearishpattern detected
Double Moving Average Crossover

Double Moving Average Crossover

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close96.35
Open101.00
Bid103.06 x 1000
Ask104.41 x 800
Day's Range99.24 - 106.13
52 Week Range89.62 - 150.06
Volume754,864
Avg. Volume831,625
Market Cap9.446B
Beta (5Y Monthly)1.08
PE Ratio (TTM)34.51
EPS (TTM)3.02
Earnings DateApr 21, 2020 - Apr 26, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateDec 01, 1998
1y Target Est145.71
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-6% Est. Return
Research that delivers an independent perspective, consistent methodology and actionable insight
Related Research
View more
  • PR Newswire

    Icon Group Partners with Varian to Advance Cancer Care in the Southern Hemisphere

    The Icon Cancer Centre Wahroonga in Australia has treated its first cancer patient with Varian Ethos™. This artificial intelligence (AI)-driven holistic adaptive therapy solution is designed to deliver an entire adapted treatment in a typical 15-minute timeslot.

  • Varian Unveils Proton Treatment Planning Eclipse v16 System
    Zacks

    Varian Unveils Proton Treatment Planning Eclipse v16 System

    The launch of this system is a step forward in Varian's (VAR) commitment toward strengthening its Proton Solutions segment.

  • Introducing Varian Medical Systems (NYSE:VAR), The Stock That Dropped 29% In The Last Year
    Simply Wall St.

    Introducing Varian Medical Systems (NYSE:VAR), The Stock That Dropped 29% In The Last Year

    This week we saw the Varian Medical Systems, Inc. (NYSE:VAR) share price climb by 12%. But that doesn't change the...

  • Reuters

    CORRECTED-Medical technology company IBA reports 2019 profit despite pricing pressure

    Belgian medical technology therapy company Ion Beam Applications reported a small annual core profit on Thursday, meeting its guidance after its first six months ended in the red, and said it faced continued pricing pressure as rivals attempted to gain market share. The group, which makes machines that deliver cancer-fighting proton beams, a super precise form of radiation, made a full-year profit before interest and taxes (REBIT) of 87,000 euros ($94,986.60), after a profit of 5.7 million euros a year earlier. The company, which had forecast a positive REBIT, said the results reflected gross margin weakness as a result of pricing pressure on new contracts and greater investment in research and development, but cost cuts and controls helped mitigate that.

  • Were Hedge Funds Right About Varian Medical Systems, Inc. (VAR)?
    Insider Monkey

    Were Hedge Funds Right About Varian Medical Systems, Inc. (VAR)?

    We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

  • Varian's (VAR) ProBeam Compact Treats First Patient at UAB
    Zacks

    Varian's (VAR) ProBeam Compact Treats First Patient at UAB

    Varian's (VAR) flagship ProBeam platform is seeing multiple developments of late.

  • PR Newswire

    Alabama's Only Proton Therapy Center Treats First Patient with Varian ProBeam

    Varian (NYSE: VAR) announced today, Proton International at UAB has now treated its first cancer patient with the Varian ProBeam® Compact proton therapy system. The center, a collaboration between The University of Alabama at Birmingham (UAB) and Proton International, opened in January 2020 and is the first proton therapy center in Alabama and one of only 35 proton therapy centers in the United States.

  • Here's Why You Should Hold Onto Varian Medical Stock Now
    Zacks

    Here's Why You Should Hold Onto Varian Medical Stock Now

    Varian Medical (VAR) gains from solid prospects of its core Oncology Systems unit.

  • PR Newswire

    Varian to Equip New Ethos Personalized Adaptive Therapy Center in Phoenix

    Varian (NYSE: VAR) today announced it was selected to equip the new Ethos Personalized Adaptive Therapy Center in Phoenix, Arizona, and help launch a new era in cancer treatment for patients in the region. Ethos™ therapy provides the ability to personalize the patient's radiation treatments based on their anatomy and the tumor's shape and position on a daily basis at the time of treatment. The goal is to better target the tumor, reduce dose to healthy tissue, and potentially improve overall patient outcomes.

  • PR Newswire

    Varian Halcyon 2.0 Treatment System Receives China NMPA Approval

    Varian (NYSE: VAR) today announced its Halcyon™ 2.0 treatment system has been approved by the China National Medical Products Administration (NMPA), which allows the company to market this cancer treatment system in China. This system incorporates new imaging technologies, such as kV Cone-beam CT (CBCT) and Iterative CBCT, to expand its capabilities and ability to deliver high quality cancer care globally. This approval further expands the global availability of Halcyon and access to high-quality, cost-effective cancer treatments.

  • CNW Group

    Quebec Selects Varian to Increase Access to Advanced Cancer Care

    Quebec Selects Varian to Increase Access to Advanced Cancer Care

  • Barrons.com

    What Got Hammered, What’s Bouncing Back: A Sector-by-Sector Look at Key Industries

    It was a brutal Monday on Wall Street—it got so bad, trading in the S&P 500 was halted. Many sectors bounced back on Tuesday, but will the recovery continue?

  • PR Newswire

    Ethos Therapy Continues Global Expansion

    Varian (NYSE: VAR) today announced Medisch Spectrum Twente Hospital in The Netherlands, and Icon Cancer Centre Wahroonga and Royal North Shore Hospital (RNSH) in Australia treated their first patients with Ethos™ therapy. This artificial intelligence (AI)-driven holistic adaptive therapy solution is designed to deliver an entire adapted treatment in a typical 15-minute timeslot.

  • PR Newswire

    Varian Provides an Update on Expected Impact From COVID-19

    Varian (NYSE: VAR) today announced that the COVID-19 outbreak will negatively impact the company's operating results.

  • PR Newswire

    Varian to Attend Upcoming Investor Events

    Varian (NYSE: VAR) today announced that J. Michael Bruff, chief financial officer and Anshul Maheshwari, vice president, investor relations and treasurer will be participating in the following investor conferences:

  • Goldman Sachs Has New Stock Plays for Healthcare Fans
    TipRanks

    Goldman Sachs Has New Stock Plays for Healthcare Fans

    When looking at the healthcare industry, one sector in particular has been booming: the medtech space. Over the past five years, this area of the market has outpaced the S&P 500, with the large-cap sector index achieving a CAGR of 13%-plus versus the index’s 11%-plus CAGR.The source of this impressive growth? According to research from investment banking firm Goldman Sachs, the “durability” of this group of stocks fueled the strong performance. Highlighting organic sales growth, analyst Amit Hazan notes that from 2009 through 2015, a period that followed the 2008 recession and included 2015’s healthcare reform, “earnings growth for the group remained robust and never dropped below the high single digit-plus range.”Looking forward, the Goldman Sachs analyst argues that “incremental contribution from a slew of new product innovations within robotics, cardiology, diabetes and other key subsectors and continued regional expansion into faster growing emerging markets” will drive 6%-plus top line organic growth in 2020 and 2021.With this in mind, the analyst pointed to three medtech stocks as being especially compelling in a recent research report, kicking off his coverage of each with a Buy recommendation. Using TipRanks’ Stock Comparison tool, we were able to take a closer look at the picks by lining up the tickers alongside each other.Intuitive Surgical Inc. (ISRG)Earning a coveted spot on Goldman Sachs’ Conviction List, Intuitive Surgical has been at the forefront of robot-assisted surgery, with its da Vinci surgical system being one of the first robotic-assisted systems to receive FDA approval for general laparoscopic surgery. As of 2018, over six million surgeries had been performed using the technology all over the world. After posting a gain of 22% over the last six months, the firm believes that there’s more to come in 2020.Weighing in on ISRG, Hazan points out that surgical robotics adaption is ramping up, and as a result, the total market is expected to triple by 2030. Additionally, while there could be a competitive impact from Medtronic and Johnson & Johnson, the four-star analyst thinks there will be a “greater benefit via market expansion than risk to ISRG’s share from competition.” This combined with new geographic drivers specifically in China should put growth at a steady 18%-plus.Adding to the good news, Hazan expects annual growth contribution from new products to accelerate thanks to the release of its da Vinci Sp, Ion flex diagnostic platform, IRIS augmented reality and several new advanced stage instruments in 2020 and 2021. A new robotics system could also be unveiled within the coming 12 to 18 months.Based on the above factors, earnings could get a significant boost. “A combination of solid top line growth, which slightly leverages OpEx, and a very strong balance sheet should result in consistent high teens earnings growth. Hence, our sales/EPS estimates come in well above the Street,” Hazan commented.In line with his bullish take, the Goldman Sachs analyst initiated coverage by publishing a Buy rating along with a $725 price target. Should the target be met, a 12-month gain of 20% could be in the cards. (To watch Hazan’s track record, click here)Like Hazan, other analysts like what they’re seeing. With 9 Buy ratings and a single Hold assigned in the last three months, the word on the Street is that ISRG is a Strong Buy. While less aggressive than Hazan’s forecast, the $668.67 average price target still implies upside potential of 11%. (See Intuitive Surgical stock analysis on TipRanks)Varian Medical Systems (VAR)Using data and technology, Varian Medical Systems has helped advance radiotherapy, radiosurgery and many other vital cancer-fighting tools. While some investors have been concerned by its inconsistent quarterly performances, Hazan believes that its medium-term growth story is “healthier” than it has been.The analyst expects the company to sustain oncology order growth in the high single digits or low double digits based on Ethos, Halcyon, HyperArc, several new software offerings and new EM opportunities in both China and India. As a result, Hazan tells investors that the company is in a stronger position than it was at any point during the last ten years. Additionally, VAR’s installed base growth has been gaining steam and it has been expanding its MSD. This in turn has enhanced its opportunities in terms of both software and service, with half of revenue now recurring.On top of this, the company has been diversifying through new interventional oncology efforts. “While not very material quite yet, we expect this new segment to grow faster than the corporate average, be accretive to margins and earnings, and to diversify the Varian portfolio into new oncology channels and additional recurring revenue. We expect further investments into these markets, and believe it will be increasingly meaningful in the years ahead,” Hazan stated.Despite the fact that operating margin swing has hampered the stock, Hazan points out that in the next few years, there could be a leverage opportunity. “As Halcyon ramps, oncology GM should improve, while service and software mix should also drive a benefit. The Proton margin drag should diminish as service sales ramp, while we expect recent M&A will increasingly be accretive each year,” he explained.It should come as no surprise, then, that Hazan decided to side with the bulls, initiating coverage with a Buy rating. At $171, the price target implies shares could surge 16% in the next 12 months.In general, the rest of the Street is on the same page. 5 Buys and 1 Hold coalesce into a Strong Buy consensus rating. Based on the $159.67 average price target, the upside potential comes in at 9%. (See Varian Medical stock analysis on TipRanks)Stryker Corporation (SYK)Thanks to its cutting-edge products and services in orthopedics, medical and surgical and neurotechnology and spine that help improve patient and hospital outcomes, Stryker has earned its reputation as one of the top medtech players. As the Goldman Sachs analyst is calling for another year of substantial top line growth, it’s no wonder investors are excited.Based on Hazan’s estimates, organic growth could hit 8%-plus again in 2020. This is higher than Wall Street’s estimate as he thinks ortho robotic market growth and the contribution from new products within MedSurg and Neurotech appear somewhat under-modeled. He also sees less risk in store for SYK in the next year compared to other big growth companies.While acknowledging that he’s somewhat concerned about a possible near-term disruption to the extremities sales force, Hazan still thinks organic growth in the orthopedic division will remain strong and that MAKO-driven share gains as well as a surgery day tailwind can fuel gains. “More broadly, we are bullish on the ortho robotic market for the next few years, with the US installed base reaching 3,500 by 2025 (a 20%-plus CAGR) and SYK maintaining a dominant share. In the medium-to-long term, we expect new robotic opportunities to help SYK’s hips, spine and extremities too,” he noted.In addition, he pointed out, “Medical where strong capital trends and new products should help drive upside versus expectations. In Spine, growth improvement is very likely as K2M turns organic, but further integration risk as well as new competition from robotics suggest downside risk. Separately, Neurotech again looks poised for above-Street results as new Aspiration product intros take hold.”This played into Hazan’s conclusion that a stronger valuation is on the horizon as investor confidence continues to improve. It follows, then, that the analyst started his coverage of SYK at a Buy and attached a price target of $248. This conveys his belief that SYK could rise 12% in the year ahead.Looking at the analyst ratings breakdown, 7 Buys and 4 Holds add up to a Moderate Buy Street consensus. The $238.70 average price target puts the upside potential at 8%. (See Stryker stock analysis on TipRanks)

  • Is Varian Medical Systems, Inc.’s (NYSE:VAR) 21% ROCE Any Good?
    Simply Wall St.

    Is Varian Medical Systems, Inc.’s (NYSE:VAR) 21% ROCE Any Good?

    Today we are going to look at Varian Medical Systems, Inc. (NYSE:VAR) to see whether it might be an attractive...

  • PR Newswire

    Varian Receives FDA 510(k) Clearance for Ethos Therapy

    Varian (NYSE: VAR) today announced it has received FDA 510(k) clearance for its Ethos™ therapy, an Adaptive Intelligence™ solution. Ethos therapy is an artificial intelligence (AI)-driven holistic solution that provides an opportunity to transform cancer care. This new solution is designed to deliver an entire adaptive treatment in a typical 15-minute timeslot, from patient setup through treatment delivery.

  • Thomson Reuters StreetEvents

    Edited Transcript of VAR earnings conference call or presentation 29-Jan-20 9:30pm GMT

    Q1 2020 Varian Medical Systems Inc Earnings Call

  • Varian (VAR) Earnings and Revenues Miss Estimates in Q1
    Zacks

    Varian (VAR) Earnings and Revenues Miss Estimates in Q1

    Varian (VAR) gains from core Oncology segment in fiscal Q1.

  • PR Newswire

    Massachusetts General Hospital Selects Varian Radiotherapy Systems for Cancer Center

    Varian (NYSE: VAR) today announced it has signed an agreement with Massachusetts General Hospital to provide seven Varian radiotherapy systems and related services for advanced cancer treatment at its clinics. Five of the systems will replace existing non-Varian systems, one will replace an existing Varian system and one will be placed in a new vault. Installation of the systems is expected to begin in late 2020.