Novanta (NASDAQ: NOVT) is one of 24 publicly-traded companies in the “Electronic Component” industry, but how does it contrast to its competitors? We will compare Novanta to related businesses based on the strength of its valuation, earnings, risk, analyst recommendations, dividends, profitability and institutional ownership.
Insider and Institutional Ownership
80.5% of Novanta shares are owned by institutional investors. Comparatively, 56.7% of shares of all “Electronic Component” companies are owned by institutional investors. 8.3% of Novanta shares are owned by insiders. Comparatively, 9.0% of shares of all “Electronic Component” companies are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.
Novanta has a beta of 1.33, meaning that its share price is 33% more volatile than the S&P 500. Comparatively, Novanta’s competitors have a beta of 1.01, meaning that their average share price is 1% more volatile than the S&P 500.
This table compares Novanta and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
This is a summary of current recommendations for Novanta and its competitors, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
Novanta presently has a consensus price target of $54.00, suggesting a potential downside of 1.64%. As a group, “Electronic Component” companies have a potential upside of 0.27%. Given Novanta’s competitors higher probable upside, analysts plainly believe Novanta has less favorable growth aspects than its competitors.
Earnings and Valuation
This table compares Novanta and its competitors gross revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Novanta||$384.76 million||$22.00 million||40.37|
|Novanta Competitors||$1.24 billion||$133.94 million||99.27|
Novanta’s competitors have higher revenue and earnings than Novanta. Novanta is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
Novanta beats its competitors on 7 of the 13 factors compared.
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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