Novanta (NOVT) Competitors

Regal Rexnord (NYSE:RRX) and Novanta (NASDAQ:NOVT) are both industrial products companies, but which is the better business? We will contrast the two companies based on the strength of their institutional ownership, profitability, valuation, community ranking, analyst recommendations, dividends, earnings, media sentiment and risk.

Do analysts rate RRX or NOVT?

Regal Rexnord presently has a consensus price target of $205.13, indicating a potential upside of 26.15%. Novanta has a consensus price target of $169.00, indicating a potential upside of 2.02%. Given Regal Rexnord's stronger consensus rating and higher possible upside, equities analysts plainly believe Regal Rexnord is more favorable than Novanta.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Regal Rexnord	0 Sell rating(s)	1 Hold rating(s)	8 Buy rating(s)	0 Strong Buy rating(s)	2.89
Novanta	0 Sell rating(s)	1 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	2.00

Does the MarketBeat Community believe in RRX or NOVT?

Novanta received 256 more outperform votes than Regal Rexnord when rated by MarketBeat users. Likewise, 71.80% of users gave Novanta an outperform vote while only 60.26% of users gave Regal Rexnord an outperform vote.

Company	Underperform	Outperform
Regal Rexnord	Outperform Votes 47 60.26%	Underperform Votes 31 39.74%
Novanta	Outperform Votes 303 71.80%	Underperform Votes 119 28.20%

Which has higher valuation and earnings, RRX or NOVT?

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

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Regal Rexnord	$6.25B	1.72	-$57.40M	$3.17	51.30
Novanta	$922.75M	6.45	$72.88M	$1.67	99.19

Does the media refer more to RRX or NOVT?

In the previous week, Regal Rexnord had 5 more articles in the media than Novanta. MarketBeat recorded 11 mentions for Regal Rexnord and 6 mentions for Novanta. Novanta's average media sentiment score of 1.59 beat Regal Rexnord's score of 1.15 indicating that Novanta is being referred to more favorably in the news media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
Regal Rexnord	5 Very Positive mention(s)	1 Positive mention(s)	3 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Positive
Novanta	6 Very Positive mention(s)	0 Positive mention(s)	0 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Very Positive

Do insiders and institutionals have more ownership in RRX or NOVT?

99.7% of Regal Rexnord shares are owned by institutional investors. Comparatively, 98.3% of Novanta shares are owned by institutional investors. 0.8% of Regal Rexnord shares are owned by insiders. Comparatively, 1.2% of Novanta shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Is RRX or NOVT more profitable?

Novanta has a net margin of 6.52% compared to Regal Rexnord's net margin of 3.41%. Novanta's return on equity of 15.20% beat Regal Rexnord's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Regal Rexnord	3.41%	9.48%	4.05%
Novanta	6.52%	15.20%	7.80%

Which has more volatility & risk, RRX or NOVT?

Regal Rexnord has a beta of 1.03, indicating that its share price is 3% more volatile than the S&P 500. Comparatively, Novanta has a beta of 1.26, indicating that its share price is 26% more volatile than the S&P 500.

Summary

Novanta beats Regal Rexnord on 11 of the 18 factors compared between the two stocks.