NXT vs. TDY, DRS, NN, LUNR, IPAX, CODA, MIND, NOC, LHX, and GRMN
Should you be buying Nextracker stock or one of its competitors? The main competitors of Nextracker include Teledyne Technologies (TDY), Leonardo DRS (DRS), NextNav (NN), Intuitive Machines (LUNR), Inflection Point Acquisition (IPAX), Coda Octopus Group (CODA), MIND Technology (MIND), Northrop Grumman (NOC), L3Harris Technologies (LHX), and Garmin (GRMN). These companies are all part of the "search & navigation equipment" industry.
Nextracker (NASDAQ:NXT) and Teledyne Technologies (NYSE:TDY) are both oils/energy companies, but which is the superior stock? We will compare the two companies based on the strength of their profitability, valuation, dividends, earnings, institutional ownership, analyst recommendations, media sentiment, risk and community ranking.
Nextracker presently has a consensus price target of $58.52, suggesting a potential upside of 5.16%. Teledyne Technologies has a consensus price target of $470.83, suggesting a potential upside of 21.02%. Given Teledyne Technologies' stronger consensus rating and higher possible upside, analysts plainly believe Teledyne Technologies is more favorable than Nextracker.
67.4% of Nextracker shares are held by institutional investors. Comparatively, 91.6% of Teledyne Technologies shares are held by institutional investors. 0.1% of Nextracker shares are held by insiders. Comparatively, 2.1% of Teledyne Technologies shares are held 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.
Teledyne Technologies has a net margin of 15.81% compared to Nextracker's net margin of 12.25%. Teledyne Technologies' return on equity of 10.54% beat Nextracker's return on equity.
In the previous week, Teledyne Technologies had 3 more articles in the media than Nextracker. MarketBeat recorded 9 mentions for Teledyne Technologies and 6 mentions for Nextracker. Nextracker's average media sentiment score of 1.04 beat Teledyne Technologies' score of 1.03 indicating that Nextracker is being referred to more favorably in the media.
Teledyne Technologies has higher revenue and earnings than Nextracker. Nextracker is trading at a lower price-to-earnings ratio than Teledyne Technologies, indicating that it is currently the more affordable of the two stocks.
Teledyne Technologies received 330 more outperform votes than Nextracker when rated by MarketBeat users. However, 67.61% of users gave Nextracker an outperform vote while only 66.43% of users gave Teledyne Technologies an outperform vote.
Nextracker has a beta of 2.66, indicating that its stock price is 166% more volatile than the S&P 500. Comparatively, Teledyne Technologies has a beta of 1.04, indicating that its stock price is 4% more volatile than the S&P 500.
Summary
Teledyne Technologies beats Nextracker on 13 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding NXT 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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