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Novanta (NOVT) Competitors

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$168.19 -1.52 (-0.90%)
(As of 11/15/2024 ET)

NOVT vs. ITGR, SPB, RRX, CAE, BE, FLNC, ATKR, NPWR, ENR, and QS

Should you be buying Novanta stock or one of its competitors? The main competitors of Novanta include Integer (ITGR), Spectrum Brands (SPB), Regal Rexnord (RRX), CAE (CAE), Bloom Energy (BE), Fluence Energy (FLNC), Atkore (ATKR), NET Power (NPWR), Energizer (ENR), and QuantumScape (QS).

Novanta vs.

Integer (NYSE:ITGR) and Novanta (NASDAQ:NOVT) are both mid-cap medical companies, but which is the better business? We will compare the two companies based on the strength of their community ranking, risk, valuation, analyst recommendations, institutional ownership, profitability, media sentiment, dividends and earnings.

Integer has higher revenue and earnings than Novanta. Integer is trading at a lower price-to-earnings ratio than Novanta, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Integer$1.60B2.80$90.65M$3.2441.10
Novanta$881.66M6.85$72.88M$1.67100.71

Integer presently has a consensus price target of $139.75, suggesting a potential upside of 4.93%. Novanta has a consensus price target of $169.00, suggesting a potential upside of 0.48%. Given Integer's stronger consensus rating and higher possible upside, research analysts plainly believe Integer is more favorable than Novanta.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Integer
0 Sell rating(s)
1 Hold rating(s)
7 Buy rating(s)
0 Strong Buy rating(s)
2.88
Novanta
0 Sell rating(s)
1 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00

Integer has a net margin of 6.70% compared to Novanta's net margin of 6.52%. Novanta's return on equity of 15.20% beat Integer's return on equity.

Company Net Margins Return on Equity Return on Assets
Integer6.70% 11.63% 5.86%
Novanta 6.52%15.20%7.80%

99.3% of Integer shares are owned by institutional investors. Comparatively, 98.4% of Novanta shares are owned by institutional investors. 2.0% of Integer shares are owned by insiders. Comparatively, 1.2% of Novanta shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

Integer has a beta of 1.09, meaning that its stock price is 9% more volatile than the S&P 500. Comparatively, Novanta has a beta of 1.29, meaning that its stock price is 29% more volatile than the S&P 500.

In the previous week, Integer had 2 more articles in the media than Novanta. MarketBeat recorded 7 mentions for Integer and 5 mentions for Novanta. Integer's average media sentiment score of 1.02 beat Novanta's score of 0.40 indicating that Integer is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Integer
5 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Novanta
2 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Integer received 83 more outperform votes than Novanta when rated by MarketBeat users. However, 71.80% of users gave Novanta an outperform vote while only 63.91% of users gave Integer an outperform vote.

CompanyUnderperformOutperform
IntegerOutperform Votes
386
63.91%
Underperform Votes
218
36.09%
NovantaOutperform Votes
303
71.80%
Underperform Votes
119
28.20%

Summary

Integer beats Novanta on 12 of the 18 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

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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NOVT vs. The Competition

MetricNovantaelectrical machinery, equipment, & supplies IndustryComputer SectorNASDAQ Exchange
Market Cap$6.04B$997.74M$24.98B$8.74B
Dividend YieldN/A1.97%2.82%4.08%
P/E Ratio100.7113.97207.1913.75
Price / Sales6.8512.823,429.4787.53
Price / Cash38.7110.3434.4835.24
Price / Book8.144.146.865.93
Net Income$72.88M-$23.58M$678.01M$225.73M
7 Day Performance-7.92%3.95%-2.23%-1.34%
1 Month Performance-5.03%8.45%-0.03%1.15%
1 Year Performance18.90%0.71%16.82%24.02%

Novanta Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
NOVT
Novanta
1.8299 of 5 stars
$168.19
-0.9%
$169.00
+0.5%
+20.9%$6.04B$881.66M100.712,900Insider Selling
News Coverage
ITGR
Integer
3.3763 of 5 stars
$133.22
-1.2%
N/A+49.6%$4.47B$1.60B41.1210,500Analyst Revision
News Coverage
Positive News
SPB
Spectrum Brands
3.9592 of 5 stars
$88.18
-6.1%
N/A+14.7%$2.63B$2.92B24.913,100Earnings Report
Dividend Increase
News Coverage
Gap Down
High Trading Volume
RRX
Regal Rexnord
4.6985 of 5 stars
$169.73
-1.6%
N/A+47.5%$11.24B$6.18B53.5432,100Insider Selling
CAE
CAE
2.1318 of 5 stars
$21.77
-1.0%
N/A+4.3%$7.01B$4.34B-28.2713,000Analyst Upgrade
Short Interest ↑
Analyst Revision
News Coverage
BE
Bloom Energy
3.3201 of 5 stars
$21.15
+59.2%
N/A+70.2%$4.81B$1.33B-37.762,377Analyst Forecast
Options Volume
News Coverage
Positive News
Gap Up
High Trading Volume
FLNC
Fluence Energy
4.3338 of 5 stars
$19.34
-7.9%
N/A+5.9%$3.79B$2.14B-101.781,112Positive News
ATKR
Atkore
3.2753 of 5 stars
$88.98
-2.5%
N/A-34.2%$3.19B$3.52B6.255,600Upcoming Earnings
News Coverage
Positive News
NPWR
NET Power
1.0681 of 5 stars
$12.67
-3.3%
N/A+11.7%$2.73B$170,000.000.0024Earnings Report
News Coverage
ENR
Energizer
3.1519 of 5 stars
$33.92
+0.3%
N/A+4.8%$2.44B$2.96B242.305,080Upcoming Earnings
Positive News
QS
QuantumScape
1.7774 of 5 stars
$4.74
-2.3%
N/A-19.4%$2.43BN/A-4.99850News Coverage

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This page (NASDAQ:NOVT) was last updated on 11/17/2024 by MarketBeat.com Staff
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