NOVT vs. CAE, ATKR, ENS, FLNC, ITGR, RUN, QS, SPB, ENR, and ENVX
Should you be buying Novanta stock or one of its competitors? The main competitors of Novanta include CAE (CAE), Atkore (ATKR), EnerSys (ENS), Fluence Energy (FLNC), Integer (ITGR), Sunrun (RUN), QuantumScape (QS), Spectrum Brands (SPB), Energizer (ENR), and Enovix (ENVX).
CAE (NYSE:CAE) and Novanta (NASDAQ:NOVT) are both mid-cap aerospace companies, but which is the superior business? We will compare the two businesses based on the strength of their valuation, earnings, risk, community ranking, analyst recommendations, dividends, media sentiment, institutional ownership and profitability.
CAE has a beta of 1.66, indicating that its share price is 66% more volatile than the S&P 500. Comparatively, Novanta has a beta of 1.34, indicating that its share price is 34% more volatile than the S&P 500.
Novanta has a net margin of 7.76% compared to Novanta's net margin of -6.97%. CAE's return on equity of 16.58% beat Novanta's return on equity.
In the previous week, CAE had 3 more articles in the media than Novanta. MarketBeat recorded 7 mentions for CAE and 4 mentions for Novanta. CAE's average media sentiment score of 1.77 beat Novanta's score of 0.27 indicating that Novanta is being referred to more favorably in the news media.
CAE received 261 more outperform votes than Novanta when rated by MarketBeat users. However, 72.14% of users gave Novanta an outperform vote while only 62.53% of users gave CAE an outperform vote.
Novanta has lower revenue, but higher earnings than CAE. CAE is trading at a lower price-to-earnings ratio than Novanta, indicating that it is currently the more affordable of the two stocks.
CAE currently has a consensus target price of $32.00, suggesting a potential upside of 74.20%. Given Novanta's higher probable upside, equities analysts clearly believe CAE is more favorable than Novanta.
67.4% of CAE shares are held by institutional investors. Comparatively, 98.4% of Novanta shares are held by institutional investors. 18.3% of CAE shares are held by company insiders. Comparatively, 1.2% of Novanta shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.
Summary
Novanta beats CAE on 10 of the 17 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding NOVT and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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