What is Novanta's stock price target for 2024?

0 brokerages have issued 1-year price targets for Novanta's stock. Their NOVT share price targets range from $161.00 to $161.00. On average, they anticipate the company's stock price to reach $161.00 in the next year. This suggests a possible upside of 6.8% from the stock's current price. View analysts price targets for NOVT or view top-rated stocks among Wall Street analysts .

How have NOVT shares performed in 2023?

Novanta's stock was trading at $135.87 on January 1st, 2023. Since then, NOVT shares have increased by 10.9% and is now trading at $150.71. View the best growth stocks for 2023 here .

When is Novanta's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 6th 2024. View our NOVT earnings forecast .

How were Novanta's earnings last quarter?

Novanta Inc. (NASDAQ:NOVT) released its quarterly earnings data on Tuesday, November, 7th. The technology company reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.11. The technology company earned $221.50 million during the quarter, compared to the consensus estimate of $223.18 million. Novanta had a net margin of 8.51% and a trailing twelve-month return on equity of 18.54%. The business's revenue was down .7% on a year-over-year basis. During the same period last year, the company earned $0.81 EPS.

What ETFs hold Novanta's stock?

ETFs with the largest weight of Novanta (NASDAQ:NOVT) stock in their portfolio include Goldman Sachs Future Health Care Equity ETF (GDOC) , ROBO Global Robotics & Automation ETF (ROBO) , VanEck Robotics ETF (IBOT) , Franklin U.S. Small Cap Multifactor Index ETF (FLQS) , Nuveen ESG Small-Cap ETF (NUSC) , Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) , iShares Russell 2000 Growth ETF (IWO) and Vanguard Russell 2000 Growth ETF (VTWG) .

What guidance has Novanta issued on next quarter's earnings?

Novanta updated its fourth quarter earnings guidance on Tuesday, November, 7th. The company provided EPS guidance of $0.59-0.66 for the period, compared to the consensus estimate of $0.80. The company issued revenue guidance of $208-212 million, compared to the consensus revenue estimate of $227.56 million.

What is Matthijs Glastra's approval rating as Novanta's CEO?

44 employees have rated Novanta Chief Executive Officer Matthijs Glastra on Glassdoor.com . Matthijs Glastra has an approval rating of 87% among the company's employees.

What other stocks do shareholders of Novanta own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Novanta investors own include NVIDIA (NVDA) , Alibaba Group (BABA) , Gilead Sciences (GILD) , Intuitive Surgical (ISRG) , Lam Research (LRCX) , Altria Group (MO) , AT&T (T) , Abiomed (ABMD) , Advanced Micro Devices (AMD) and Broadcom (AVGO) .

Who are Novanta's major shareholders?

Novanta's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Conestoga Capital Advisors LLC (3.57%), William Blair Investment Management LLC (2.71%), JPMorgan Chase & Co. (2.32%), Allspring Global Investments Holdings LLC (2.15%), Invesco Ltd. (1.86%) and Artisan Partners Limited Partnership (1.85%). Insiders that own company stock include Brian S Young , Matthijs Glastra , Robert Buckley and Thomas N Secor . View institutional ownership trends .

How do I buy shares of Novanta?

Shares of NOVT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Positive News SentimentPositive News

Novanta Stock Price, News & Analysis (NASDAQ:NOVT)

$151.32

+0.61 (+0.40%)

(As of 10:17 AM ET)

Compare

Today's Range: $150.34
▼
$152.11
50-Day Range: $119.75
▼
$150.71
52-Week Range: $111.20
▼
$187.60

Volume: 10,420 shs
Average Volume: 142,455 shs
Market Capitalization: $5.42 billion

P/E Ratio: 72.06
Dividend Yield: N/A
Price Target: $161.00

Novanta MarketRank™ Stock Analysis

Analyst Rating: 0.00 Rating Score
Upside/Downside: 6.8% Upside
$161.00 Price Target
Short Interest: Bearish
4.78% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.72
Based on 2 Articles This Week
Insider Trading: Selling Shares
$706,185 Sold Last Quarter
Proj. Earnings Growth: 5.96%
From $3.02 to $3.20 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.33 out of 5 stars

Computer And Technology Sector

558th out of 595 stocks

Miscellaneous Electrical Machinery, Equipment, & Supplies Industry

24th out of 26 stocks

0.0

Analyst's Opinion

Price Target Upside/Downside
According to analysts' consensus price target of $161.00, Novanta has a forecasted upside of 6.8% from its current price of $150.71.
Amount of Analyst Coverage
Novanta has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
4.78% of the outstanding shares of Novanta have been sold short.
Short Interest Ratio / Days to Cover
Novanta has a short interest ratio ("days to cover") of 9.2.
Change versus previous month
Short interest in Novanta has recently increased by 12.50%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Novanta does not currently pay a dividend.
Dividend Growth
Novanta does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NOVT.

3.7

News and Social Media Coverage

News Sentiment
Novanta has a news sentiment score of 1.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Novanta this week, compared to 2 articles on an average week.
Search Interest
2 people have searched for NOVT on MarketBeat in the last 30 days.
MarketBeat Follows
2 people have added Novanta to their MarketBeat watchlist in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Novanta insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $706,185.00 in company stock.
Percentage Held by Insiders
Only 1.20% of the stock of Novanta is held by insiders.
Percentage Held by Institutions
96.84% of the stock of Novanta is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Novanta are expected to grow by 5.96% in the coming year, from $3.02 to $3.20 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Novanta is 71.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of Novanta is 71.77, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 249.22.
Price to Book Value per Share Ratio
Novanta has a P/B Ratio of 9.31. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Novanta Stock (NASDAQ:NOVT)

Novanta Inc., together with its subsidiaries, designs, manufactures, markets, and sells photonics, vision, and precision motion in the United States and internationally. The company operates through three segments: Photonics, Vision, and Precision Motion. The Photonics segment offers photonics-based solutions, including laser scanning, beam delivery, CO2 laser, solid state laser, ultrafast laser, and optical light engine products serving photonics-based applications for industrial processing, metrology, medical and life science imaging, DNA sequencing, and medical laser procedures. The Vision segment provides a range of medical grade technologies, including medical insufflators, pumps, and related disposables; visualization solutions; wireless technologies, video recorders, and video integration technologies for operating room integrations; optical data collection and machine vision technologies; radio frequency identification technologies; thermal chart recorders; spectrometry technologies; and embedded touch screen solutions. The Precision Motion segment offers optical and inductive encoders, precision motors, servo drives and motion control solutions, integrated stepper motors, intelligent robotic end-of-arm technology solutions, air bearings, and air bearing spindles. The company sells its products through its direct sales force and distributors under the Cambridge Technology, Synrad, Laser Quantum, ARGES, WOM, NDS, Med X Change, Reach Technology, JADAK, ThingMagic, Photo Research, General Scanning, ATI Industrial Automation, Celera Motion, IMS, MicroE, Applimotion, Zettlex, Ingenia, and Westwind brands. The company was formerly known as GSI Group, Inc. and changed its name to Novanta Inc. in May 2016. Novanta Inc. was incorporated in 1968 and is headquartered in Bedford, Massachusetts.

NOVT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NOVT Stock News Headlines

November 16, 2023 | seekingalpha.com

Novanta: An Interesting But Expensive Hidden Gem

November 15, 2023 | finance.yahoo.com

Here’s Why Novanta (NOVT) Pulled Back in Q3

December 7, 2023 | Edge On The Street (Ad)

Energy Storage Trend Ignites Frenzy Over Vanadium Supply

As the world shifts to renewables such as wind and solar, how will we store all this energy? Vanadium batteries are the breakthrough that some experts predict will be the future of grid-scale energy storage. The problem is, only 5% of vanadium is mined in the U.S. - and China and Russia have a stranglehold on our supply.

November 14, 2023 | markets.businessinsider.com

Novanta To Acquire Motion Solutions For $189 Mln

November 14, 2023 | finance.yahoo.com

Novanta announces agreement to acquire Motion Solutions

November 9, 2023 | finance.yahoo.com

Novanta Inc. (NASDAQ:NOVT) Q3 2023 Earnings Call Transcript

November 7, 2023 | marketwatch.com

Novanta Shares Sink 16% After Lowering FY23 Guidance

November 7, 2023 | finance.yahoo.com

Novanta Announces Financial Results for the Third Quarter 2023

December 7, 2023 | Edge On The Street (Ad)

Energy Storage Trend Ignites Frenzy Over Vanadium Supply

November 7, 2023 | finance.yahoo.com

Novanta Inc (NOVT) Reports Q3 2023 Earnings: GAAP Revenue of $222 Million and Net Income of $21 ...

October 19, 2023 | finance.yahoo.com

Insider Sell: CFO Robert Buckley Sells 1,500 Shares of Novanta Inc

October 19, 2023 | finance.yahoo.com

Do You Believe in the Earnings Stability of Novanta (NOVT)?

October 11, 2023 | finance.yahoo.com

Novanta to Present at the Baird 2023 Global Industrial Conference on Wednesday, November 8, 2023

October 10, 2023 | financialpost.com

Novanta Inc. Schedules Earnings Release and Conference Call for Tuesday, November 7, 2023

October 10, 2023 | finance.yahoo.com

Investing in Novanta (NASDAQ:NOVT) five years ago would have delivered you a 125% gain

September 21, 2023 | finance.yahoo.com

Novanta Inc.'s (NASDAQ:NOVT) Intrinsic Value Is Potentially 24% Below Its Share Price

September 20, 2023 | finance.yahoo.com

Unveiling Novanta (NOVT)'s Value: Is It Really Priced Right? A Comprehensive Guide

September 14, 2023 | finance.yahoo.com

Implied Volatility Surging for Novanta (NOVT) Stock Options

September 3, 2023 | seekingalpha.com

Novanta: Deserves A Premium Multiple, But Priced For Perfection

August 28, 2023 | finance.yahoo.com

Will Weakness in Novanta Inc.'s (NASDAQ:NOVT) Stock Prove Temporary Given Strong Fundamentals?

August 11, 2023 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Industrial Goods Companies: Novanta (NOVT), Tecnoglass (TGLS) and United Parcel (UPS)

August 9, 2023 | finance.yahoo.com

Novanta to Present at Baird's 2023 Global Healthcare Conference on Wednesday, September 13, 2023

August 9, 2023 | financialpost.com

Novanta to Present at Baird’s 2023 Global Healthcare Conference on Wednesday, September 13, 2023

August 9, 2023 | finance.yahoo.com

Is There Now An Opportunity In Novanta Inc. (NASDAQ:NOVT)?

August 9, 2023 | finance.yahoo.com

Reasons for the Outperformance of Novanta (NOVT)

August 9, 2023 | msn.com

Stock market today: Dow ends lower as Moody's bank downgrade bites

August 8, 2023 | msn.com

Dow cuts some losses but ends lower as Moody's bank downgrade bites

See More Headlines

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Company Calendar

Last Earnings: 11/07/2023
Today: 12/07/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 3/06/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Miscellaneous electrical machinery, equipment, & supplies
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:NOVT
Previous Symbol: NASDAQ:GSIG
CUSIP: N/A
CIK: 1076930
Web: www.novanta.com
Phone: (781) 266-5700
Fax: 781-266-5114
Employees: 3,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $161.00
High Stock Price Target: $161.00
Low Stock Price Target: $161.00
Potential Upside/Downside: +6.4%
Consensus Rating
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.10
Trailing P/E Ratio: 72.06
Forward P/E Ratio: 50.11
P/E Growth: N/A
Net Income: $74.05 million
Net Margins: 8.51%
Pretax Margin: 9.79%
Return on Equity: 18.54%
Return on Assets: 9.27%

Debt

Debt-to-Equity Ratio: 0.54
Current Ratio: 2.83
Quick Ratio: 1.72

Sales & Book Value

Annual Sales: $860.90 million
Price / Sales: 6.29
Cash Flow: $4.69 per share
Price / Cash Flow: 32.28
Book Value: $16.18 per share
Price / Book: 9.35

Miscellaneous

Outstanding Shares: 35,810,000
Free Float: 35,380,000
Market Cap: $5.42 billion
Optionable: Optionable
Beta: 1.26

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Key Executives

Mr. Matthijs Glastra (Age 54)
CEO & Chairman of the Board
Comp: $2.62M
Mr. Robert J. Buckley (Age 49)
Chief Financial Officer
Comp: $1.2M
Ms. Michele Davis Michele Welsh (Age 49)
General Counsel & Corporate Secretary
Comp: $691.84k
Mr. Brian S. Young (Age 54)
Chief Human Resources Officer
Comp: $711.14k
Mr. Peter L. Chang (Age 58)
Chief Accounting Officer
Ms. Sarah Betadam
Chief Information Officer & Chief Information Security Officer
Mr. Charlie Webster
Executive Vice President of Novanta Growth System & Global Supply Chain
Mr. Chuck Ravetto
Group President of Automation Enabling Technologies Group
Ms. Anna Fain
Senior Vice President of Leadership Development and Diversity, Equity & Inclusion
Mr. Heinrich Dreyer
Group President of Medical Solutions

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NOVT Stock Analysis - Frequently Asked Questions

What is Novanta's stock price target for 2024?: 0 brokerages have issued 1-year price targets for Novanta's stock. Their NOVT share price targets range from $161.00 to $161.00. On average, they anticipate the company's stock price to reach $161.00 in the next year. This suggests a possible upside of 6.8% from the stock's current price.
View analysts price targets for NOVT or view top-rated stocks among Wall Street analysts.
How have NOVT shares performed in 2023?: Novanta's stock was trading at $135.87 on January 1st, 2023. Since then, NOVT shares have increased by 10.9% and is now trading at $150.71.
View the best growth stocks for 2023 here.
When is Novanta's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 6th 2024.
View our NOVT earnings forecast.
How were Novanta's earnings last quarter?: Novanta Inc. (NASDAQ:NOVT) released its quarterly earnings data on Tuesday, November, 7th. The technology company reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.11. The technology company earned $221.50 million during the quarter, compared to the consensus estimate of $223.18 million. Novanta had a net margin of 8.51% and a trailing twelve-month return on equity of 18.54%. The business's revenue was down .7% on a year-over-year basis. During the same period last year, the company earned $0.81 EPS.
What ETFs hold Novanta's stock?: ETFs with the largest weight of Novanta (NASDAQ:NOVT) stock in their portfolio include Goldman Sachs Future Health Care Equity ETF (GDOC), ROBO Global Robotics & Automation ETF (ROBO), VanEck Robotics ETF (IBOT), Franklin U.S. Small Cap Multifactor Index ETF (FLQS), Nuveen ESG Small-Cap ETF (NUSC), Vanguard S&P Mid-Cap 400 Growth ETF (IVOG), iShares Russell 2000 Growth ETF (IWO) and Vanguard Russell 2000 Growth ETF (VTWG).
What guidance has Novanta issued on next quarter's earnings?: Novanta updated its fourth quarter earnings guidance on Tuesday, November, 7th. The company provided EPS guidance of $0.59-0.66 for the period, compared to the consensus estimate of $0.80. The company issued revenue guidance of $208-212 million, compared to the consensus revenue estimate of $227.56 million.

What is Matthijs Glastra's approval rating as Novanta's CEO?: 44 employees have rated Novanta Chief Executive Officer Matthijs Glastra on Glassdoor.com. Matthijs Glastra has an approval rating of 87% among the company's employees.
What other stocks do shareholders of Novanta own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Novanta investors own include NVIDIA (NVDA), Alibaba Group (BABA), Gilead Sciences (GILD), Intuitive Surgical (ISRG), Lam Research (LRCX), Altria Group (MO), AT&T (T), Abiomed (ABMD), Advanced Micro Devices (AMD) and Broadcom (AVGO).
Who are Novanta's major shareholders?: Novanta's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Conestoga Capital Advisors LLC (3.57%), William Blair Investment Management LLC (2.71%), JPMorgan Chase & Co. (2.32%), Allspring Global Investments Holdings LLC (2.15%), Invesco Ltd. (1.86%) and Artisan Partners Limited Partnership (1.85%). Insiders that own company stock include Brian S Young, Matthijs Glastra, Robert Buckley and Thomas N Secor.
View institutional ownership trends.
How do I buy shares of Novanta?: Shares of NOVT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:NOVT) was last updated on 12/7/2023 by MarketBeat.com Staff

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Novanta Stock Price, News & Analysis (NASDAQ:NOVT)

Novanta MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Novanta Stock (NASDAQ:NOVT)

NOVT Stock Price History

NOVT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

NOVT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™