NASDAQ:NOVTNovanta Stock Price, Forecast & News

$113.32

+5.01 (+4.63 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$108.83

Now: $113.32▼

$115.33

50-Day Range

$76.38

MA: $90.72▼

$108.31

52-Week Range

$66.44

Now: $113.32▼

$115.33

Volume251,214 shs

Average Volume161,336 shs

Market Capitalization$3.98 billion

P/E Ratio99.40

Dividend YieldN/A

Beta1.25

Novanta Inc., together with its subsidiaries, designs, manufactures, markets, and sells photonics, vision, and precision motion components and sub-systems to original equipment manufacturers in the medical and industrial markets worldwide. The company's Photonics segment offers photonics-based solutions, including laser scanning and laser beam delivery, CO2 laser, continuous wave and ultrafast laser, and optical light engine products for photonics-based applications, such as industrial material processing, metrology, medical and life science imaging, DNA sequencing, and medical laser procedures. Its Vision segment provides a range of medical grade technologies, including medical insufflators, pumps, and related disposables; visualization solutions; wireless imaging and operating room integration technologies; optical data collection and machine vision technologies; radio frequency identification technologies; thermal chart recorders; spectrometry technologies; and embedded touch screen solutions. The company's Precision Motion segment offers optical and inductive encoders, precision motors, motion control sub-assemblies, air bearings, air bearing spindles, and precision machined components. It sells its products through its direct sales force, resellers, distributors, and system integrators under the Cambridge Technology, Lincoln Laser, ExoTec Precision, Synrad, Laser Quantum, WOM, NDS, NDSsi, Reach Technology, JADAK, ThingMagic, Photo Research, General Scanning, Celera Motion, MicroE, Applimotion, Zettlex, 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 founded in 1968 and is headquartered in Bedford, Massachusetts.

Beat the Market (BTM) Rank^™

1.0 Analyst's Opinion

Consensus Rating
Novanta has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $90.00, Novanta has a potential downside of 20.6% from its current price of $113.32.
Amount of Analyst Coverage
Novanta has only been the subject of 2 research reports in the past 90 days.

3.0 Community Rank

Outperform Votes
Novanta has received 283 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Novanta has received 190 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Novanta has received 59.83% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Novanta and other stocks. Vote “Outperform” if you believe NOVT will outperform the S&P 500 over the long term. Vote “Underperform” if you believe NOVT will underperform the S&P 500 over the long term. You may vote once every thirty days.

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.

1.0 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 $1,781,541.00 in company stock.
Percentage Held by Insiders
Only 3.60% of the stock of Novanta is held by insiders.
Percentage Held by Institutions
89.27% 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 45.14% in the coming year, from $1.44 to $2.09 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Novanta is 99.40, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 17.01.
Price to Earnings Ratio vs. Sector
The P/E ratio of Novanta is 99.40, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 56.15.
Price to Book Value per Share Ratio
Novanta has a P/B Ratio of 9.53. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.38 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Miscellaneous electrical machinery, equipment, & supplies

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNASDAQ:NOVT

Previous SymbolNASDAQ:GSIG

CUSIPN/A

CIK1076930

Webwww.novanta.com

Phone781-266-5700

Debt

Debt-to-Equity Ratio0.58

Current Ratio2.19

Quick Ratio1.37

Price-To-Earnings

Trailing P/E Ratio99.40

Forward P/E Ratio78.69

P/E GrowthN/A

Sales & Book Value

Annual Sales$626.10 million

Price / Sales6.36

Cash Flow$3.41 per share

Price / Cash Flow33.22

Book Value$11.89 per share

Price / Book9.53

Profitability

EPS (Most Recent Fiscal Year)$2.14

Net Income$40.77 million

Net Margins6.48%

Return on Equity18.71%

Return on Assets9.03%

Miscellaneous

Employees2,290

Outstanding Shares35,120,000

Market Cap$3.98 billion

Next Earnings Date8/4/2020 (Estimated)

OptionableOptionable

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Novanta (NASDAQ:NOVT) Frequently Asked Questions

How has Novanta's stock been impacted by COVID-19 (Coronavirus)?

Novanta's stock was trading at $79.04 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, NOVT stock has increased by 43.4% and is now trading at $113.32. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Novanta?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Novanta in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Novanta.

When is Novanta's next earnings date?

Novanta is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Novanta.

How were Novanta's earnings last quarter?

Novanta Inc (NASDAQ:NOVT) announced its quarterly earnings data on Tuesday, May, 12th. The technology company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.32 by $0.19. The technology company earned $155.50 million during the quarter, compared to the consensus estimate of $142.61 million. Novanta had a return on equity of 18.71% and a net margin of 6.48%. Novanta's revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 EPS. View Novanta's earnings history.

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

Novanta issued an update on its second quarter 2020 Pre-Market earnings guidance on Tuesday, May, 12th. The company provided EPS guidance of for the period. The company issued revenue guidance of $130-142 million, compared to the consensus revenue estimate of $126.29 million.

What price target have analysts set for NOVT?

2 Wall Street analysts have issued 1-year target prices for Novanta's shares. Their forecasts range from $90.00 to $90.00. On average, they expect Novanta's stock price to reach $90.00 in the next twelve months. This suggests that the stock has a possible downside of 20.6%. View analysts' price targets for Novanta.

Has Novanta been receiving favorable news coverage?

Media headlines about NOVT stock have been trending positive on Saturday, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Novanta earned a coverage optimism score of 2.4 on InfoTrie's scale. They also gave news stories about the technology company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutNovanta.

Are investors shorting Novanta?

Novanta saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 689,400 shares, a decrease of 13.4% from the April 30th total of 796,000 shares. Based on an average daily trading volume, of 154,600 shares, the days-to-cover ratio is currently 4.5 days. Approximately 2.0% of the company's stock are sold short. View Novanta's Current Options Chain.

Who are some of Novanta's key competitors?

Some companies that are related to Novanta include CAE (CAE), Energizer (ENR), Integer (ITGR), Spectrum Brands (SPB), Atkore International Group (ATKR), FuelCell Energy (FCEL), Ultralife (ULBI), Flux Power (FLUX), Security Devices International (SDEV), Sono-Tek (SOTK), CBAK Energy Technology (CBAT), Evans & Sutherland Computer (ESCC), Polar Power (POLA), Manhattan Scientifics (MHTX) and Environmental Tectonics (ETCC). View all competitors.

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), Broadcom (AVGO), Lam Research (LRCX), Altria Group (MO), Palo Alto Networks (PANW), Arista Networks (ANET) and Netflix (NFLX).

Who are Novanta's key executives?

Novanta's management team includes the following people:

Mr. Matthijs Glastra, CEO & Director (Age 50)
Mr. Robert J. Buckley, Chief Financial Officer (Age 45)
Mr. Brian S. Young, Chief HR Officer (Age 50)
Mr. Peter L. Chang, VP, Corp. Controller & Chief Accounting Officer (Age 54)
Mr. Heinrich Dreyer, Group Pres of Minimally Invasive Surgery

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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (6.68%), Alliancebernstein L.P. (4.77%), Wells Fargo & Company MN (4.09%), William Blair Investment Management LLC (2.89%), Conestoga Capital Advisors LLC (2.74%) and Wasatch Advisors Inc. (2.48%). Company insiders that own Novanta stock include Brian S Young, Matthijs Glastra, Peter L Chang, Robert Buckley and Stephen W Bershad. View institutional ownership trends for Novanta.

Which major investors are selling Novanta stock?

NOVT stock was sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Wells Fargo & Company MN, Alliancebernstein L.P., Aristotle Capital Boston LLC, AXA, Morgan Stanley, Telemark Asset Management LLC, and BlackRock Inc.. Company insiders that have sold Novanta company stock in the last year include Brian S Young, Matthijs Glastra, Robert Buckley, and Stephen W Bershad. View insider buying and selling activity for Novanta.

Which major investors are buying Novanta stock?

NOVT stock was purchased by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Wasatch Advisors Inc., Ziegler Capital Management LLC, Wellington Management Group LLP, JPMorgan Chase & Co., Mesirow Financial Investment Management Equity Management, Silvercrest Asset Management Group LLC, and Geode Capital Management LLC. View insider buying and selling activity for Novanta.

How do I buy shares of Novanta?

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

What is Novanta's stock price today?

One share of NOVT stock can currently be purchased for approximately $113.32.

How big of a company is Novanta?

Novanta has a market capitalization of $3.98 billion and generates $626.10 million in revenue each year. The technology company earns $40.77 million in net income (profit) each year or $2.14 on an earnings per share basis. Novanta employs 2,290 workers across the globe.

What is Novanta's official website?

The official website for Novanta is www.novanta.com.

How can I contact Novanta?

Novanta's mailing address is 125 Middlesex Turnpike, Bedford MA, 01730. The technology company can be reached via phone at 781-266-5700 or via email at [email protected]

This page was last updated on 6/6/2020 by MarketBeat.com Staff