Varex Imaging Corp (VREX) Stock AnalysisVREXVarex Imaging Corp

Varex Imaging Corporation is a designer and manufacturer of X-ray imaging components, which include X-ray tubes, digital detectors and other image processing solutions that are key components of X-ray imaging systems. The Company’s segments include Medical and Industrial. Its Medical segment designs, manufactures, sells and services X-ray imaging components, including X-ray tubes, flat panel and photon-counting detectors and accessories, high-voltage connectors, image-processing software and workstations, 3D reconstruction software, computer-aided diagnostic software, collimators, automatic exposure control devices, generators, and coolers. Its Industrial segment designs, develops, manufactures, sells, and services X-ray imaging products for use in a number of applications, including security applications for cargo screening at ports and borders, baggage screening at airports, and nondestructive testing, irradiation, and inspection applications used in a number of other verticals. It operates in the Healthcare sector (ELECTRONIC COMPONENTS, NEC industry).

Varex Imaging Corp is currently a hold. The stock is trading at $18.46, which is below the analyst price target of $19, indicating limited upside potential. Additionally, the stock has shown a significant year-to-date change of +58.45%, suggesting it has already appreciated considerably this year. However, the recent acquisition news from Teledyne Technologies, which plans to buy Varex for $18.90 per share, adds a layer of uncertainty as it may limit further price appreciation. The RSI is at 49.32, indicating that the stock is neither overbought nor oversold, suggesting a neutral stance is appropriate at this time.

3 analysts cover VREX: 2 rate it Buy, 0 Hold and 1 Sell. The average price target is 17.00.