Novanta (NASDAQ: NOVT) is one of 24 public companies in the “Electronic Component” industry, but how does it weigh in compared to its competitors? We will compare Novanta to related businesses based on the strength of its valuation, institutional ownership, analyst recommendations, profitability, dividends, risk and earnings.
Valuation and Earnings
This table compares Novanta and its competitors revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Novanta||$384.76 million||$22.00 million||30.30|
|Novanta Competitors||$1.21 billion||$130.98 million||100.10|
Institutional and Insider Ownership
78.9% of Novanta shares are held by institutional investors. Comparatively, 56.6% of shares of all “Electronic Component” companies are held by institutional investors. 8.3% of Novanta shares are held by insiders. Comparatively, 9.0% of shares of all “Electronic Component” companies are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.
Risk & Volatility
Novanta has a beta of 1.33, suggesting that its stock price is 33% more volatile than the S&P 500. Comparatively, Novanta’s competitors have a beta of 1.01, suggesting that their average stock price is 1% more volatile than the S&P 500.
This is a summary of recent ratings for Novanta and its competitors, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
Novanta currently has a consensus price target of $54.00, indicating a potential upside of 6.09%. As a group, “Electronic Component” companies have a potential upside of 2.79%. Given Novanta’s stronger consensus rating and higher possible upside, equities research analysts plainly believe Novanta is more favorable than its competitors.
This table compares Novanta and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
Novanta beats its competitors on 8 of the 13 factors compared.
Novanta Company Profile
Novanta Inc., formerly GSI Group Inc., designs, develops, manufactures and sells precision photonic and motion control components and subsystems. The Company’s segments are Photonics, Vision and Precision Motion. The Photonics segment designs, manufactures and markets photonics-based solutions, including carbon dioxide (CO2) laser sources, laser scanning and laser beam delivery products, to customers around the world. The Vision Technologies segment designs, manufactures and markets a range of medical grade technologies, including visualization solutions, imaging informatics products, optical data collection and machine vision technologies, radio frequency identification (RFID) technologies, and thermal printers, to customers around the world. The Company’s Precision Motion segment designs, manufactures and markets optical encoders, precision motors and other motion control technology, air bearing spindles and precision machined components to customers around the world.
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