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Positive News SentimentPositive News
NASDAQ:NOVT

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
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

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

See Top Rated MarketRank™ Stocks Here

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

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 27, 2023 | Wall Street Fundamentals (Ad)
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."
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
September 27, 2023 | Micro-Cap Stock Trader (Ad)
Windfall profits possible with this under-the-radar lithium stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
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
August 8, 2023 | finance.yahoo.com
Novanta (NOVT) Beats Q2 Earnings and Revenue Estimates
August 8, 2023 | msn.com
Novanta GAAP EPS of $0.58, revenue of $229M
August 8, 2023 | finance.yahoo.com
Novanta Announces Financial Results for the Second Quarter 2023
August 7, 2023 | benzinga.com
Earnings Outlook For Novanta
July 29, 2023 | fool.com
Novanta (NASDAQ: NOVT)
July 28, 2023 | finance.yahoo.com
Novanta receives Silver rating from EcoVadis
July 11, 2023 | financialpost.com
Novanta Inc. Schedules Earnings Release and Conference Call for Tuesday, August 8, 2023
June 28, 2023 | finanznachrichten.de
Novanta Inc.: Celera Motion Unveils New Omni+ Direct Drive Motor for Robots
June 26, 2023 | finance.yahoo.com
Novanta to Present at the CJS Securities 23rd Annual New Ideas Summer Conference on Tuesday, July 11, 2023
June 18, 2023 | msn.com
Novanta chili di carne avariata: chiusa a Falconara una macelleria etnica
May 26, 2023 | finance.yahoo.com
What Makes Novanta (NOVT) a Strong Momentum Stock: Buy Now?
May 24, 2023 | msn.com
Novanta's Return On Capital Employed Overview
May 22, 2023 | finance.yahoo.com
Novanta to Present at Baird's 2023 Global Consumer, Technology & Services Conference on Wednesday, June 7, 2023
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
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 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

EPS (Most Recent Fiscal Year)
$2.14
Trailing P/E Ratio
64.13
Forward P/E Ratio
44.85
P/E Growth
N/A
Net Income
$74.05 million
Net Margins
8.64%
Pretax Margin
10.19%
Return on Equity
19.05%
Return on Assets
9.10%

Debt

Debt-to-Equity Ratio
0.64
Current Ratio
3.05
Quick Ratio
1.85

Sales & Book Value

Annual Sales
$860.90 million
Price / Sales
5.71
Cash Flow
$4.51 per share
Price / Cash Flow
30.44
Book Value
$16.18 per share
Price / Book
8.48

Miscellaneous

Outstanding Shares
35,810,000
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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













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 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 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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