NOVT vs. CAE, ATKR, FLNC, ENS, 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), Fluence Energy (FLNC), EnerSys (ENS), 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 better stock? We will compare the two companies based on the strength of their valuation, earnings, analyst recommendations, media sentiment, institutional ownership, community ranking, dividends, risk and profitability.
CAE has a beta of 1.58, meaning that its share price is 58% more volatile than the S&P 500. Comparatively, Novanta has a beta of 1.35, meaning that its share price is 35% more volatile than the S&P 500.
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 62.60% of users gave CAE an outperform vote.
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 hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
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.
CAE has higher revenue and earnings than Novanta. 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 presently has a consensus target price of $34.75, indicating a potential upside of 85.04%. Given Novanta's higher probable upside, equities research analysts plainly believe CAE is more favorable than Novanta.
In the previous week, CAE had 44 more articles in the media than Novanta. MarketBeat recorded 48 mentions for CAE and 4 mentions for Novanta. CAE's average media sentiment score of 1.80 beat Novanta's score of -0.10 indicating that Novanta is being referred to more favorably in the news media.
Summary
Novanta beats CAE on 9 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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