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Novanta (NOVT) Stock Forecast, Price & News

$136.77
-2.65 (-1.90%)
(As of 02:28 PM ET)
Compare
Today's Range
$136.58
$141.36
50-Day Range
$139.42
$177.69
52-Week Range
$111.02
$187.60
Volume
143,625 shs
Average Volume
129,558 shs
Market Capitalization
$4.90 billion
P/E Ratio
63.91
Dividend Yield
N/A
Price Target
$161.00

Novanta MarketRank™ Forecast

Analyst Rating
0.00 Rating Score
Upside/​Downside
14.8% Upside
$161.00 Price Target
Short Interest
Bearish
4.47% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.72mentions of Novanta in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$480,600 Sold Last Quarter
Proj. Earnings Growth
15.69%
From $3.06 to $3.54 Per Share

Overall MarketRank

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

1.83 out of 5 stars

Computer And Technology Sector

440th out of 584 stocks

Miscellaneous Electrical Machinery, Equipment, & Supplies Industry

18th out of 27 stocks


NOVT stock logo

About Novanta (NASDAQ:NOVT) Stock

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 Price History

NOVT Stock News Headlines

The "Plug and Play" Model Putting Online Giants to Shame
While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."
Implied Volatility Surging for Novanta (NOVT) Stock Options
Windfall profits possible with this under-the-radar lithium stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Reasons for the Outperformance of Novanta (NOVT)
Novanta (NOVT) Beats Q2 Earnings and Revenue Estimates
Earnings Outlook For Novanta
Novanta (NASDAQ: NOVT)
Novanta receives Silver rating from EcoVadis
See More Headlines
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NOVT Company Calendar

Last Earnings
8/08/2023
Today
9/27/2023
Next Earnings (Estimated)
11/14/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Miscellaneous electrical machinery, equipment, & supplies
Sub-Industry
N/A
Current Symbol
NASDAQ:NOVT
Previous Symbol
NASDAQ:GSIG
Employees
3,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$161.00
High Stock Price Forecast
$161.00
Low Stock Price Forecast
$161.00
Forecasted Upside/Downside
+17.3%
Consensus Rating
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

Net Income
$74.05 million
Pretax Margin
10.19%

Debt

Sales & Book Value

Annual Sales
$860.90 million
Cash Flow
$4.51 per share
Book Value
$16.18 per share

Miscellaneous

Free Float
35,378,000
Market Cap
$4.91 billion
Optionable
Optionable
Beta
1.28
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Key Executives

  • Mr. Matthijs GlastraMr. Matthijs Glastra (Age 54)
    CEO & Chairman
    Comp: $2.62M
  • Mr. Robert J. BuckleyMr. Robert J. Buckley (Age 49)
    Chief Financial Officer
    Comp: $1.2M
  • Ms. Michele Davis Michele Welsh (Age 49)
    Gen. Counsel & Corp. Sec.
    Comp: $691.84k
  • Mr. Brian S. YoungMr. Brian S. Young (Age 54)
    Chief HR Officer
    Comp: $711.14k
  • Mr. Peter L. ChangMr. Peter L. Chang (Age 58)
    Chief Accounting Officer
  • Ms. Sarah Betadam
    Chief Information Officer & Chief Information Security Officer
  • Mr. Charlie Webster
    Exec. VP of Novanta Growth System & Global Supply Chain
  • Mr. Chuck Ravetto
    Group Pres of Automation Enabling Technologies Group
  • Ms. Anna Fain
    Sr. VP of Leadership Devel. and Diversity, Equity & Inclusion
  • Mr. Heinrich Dreyer
    Group Pres of Medical Solutions













NOVT Stock - Frequently Asked Questions

What is Novanta's stock price forecast for 2023?

0 Wall Street research analysts have issued 12-month price objectives for Novanta's shares. Their NOVT share price forecasts range from $161.00 to $161.00. On average, they expect the company's share price to reach $161.00 in the next twelve months. This suggests a possible upside of 17.3% 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 1.0% and is now trading at $137.23.
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 Tuesday, November 14th 2023.
View our NOVT earnings forecast
.

How were Novanta's earnings last quarter?

Novanta Inc. (NASDAQ:NOVT) posted its quarterly earnings results on Tuesday, August, 8th. The technology company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.08. The technology company earned $229.46 million during the quarter, compared to analysts' expectations of $225.50 million. Novanta had a trailing twelve-month return on equity of 19.05% and a net margin of 8.64%. The business's revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the company earned $0.78 earnings per share.

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

Novanta issued an update on its third quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share guidance of $0.70-$0.77 for the period, compared to the consensus earnings per share estimate of $0.82. The company issued revenue guidance of $221.00 million-$224.00 million, compared to the consensus revenue estimate of $229.58 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).

What is Novanta's stock symbol?

Novanta trades on the NASDAQ under the ticker symbol "NOVT."

Who are Novanta's major shareholders?

Novanta's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.91%), Conestoga Capital Advisors LLC (3.53%), Alliancebernstein L.P. (3.48%), State Street Corp (3.29%), William Blair Investment Management LLC (2.74%) and Allspring Global Investments Holdings LLC (2.60%). 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.

What is Novanta's stock price today?

One share of NOVT stock can currently be purchased for approximately $137.23.

How much money does Novanta make?

Novanta (NASDAQ:NOVT) has a market capitalization of $4.91 billion and generates $860.90 million in revenue each year. The technology company earns $74.05 million in net income (profit) each year or $2.14 on an earnings per share basis.

How many employees does Novanta have?

The company employs 3,000 workers across the globe.

How can I contact Novanta?

Novanta's mailing address is 125 Middlesex Turnpike, Bedford MA, 01730. The official website for the company is www.novanta.com. The technology company can be reached via phone at (781) 266-5700, via email at investorrelations@novanta.com, or via fax at 781-266-5114.

This page (NASDAQ:NOVT) was last updated on 9/27/2023 by MarketBeat.com Staff

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