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Novanta (NOVT) Competitors

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$133.44 +0.60 (+0.45%)
Closing price 01:10 PM Eastern
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$133.44 0.00 (0.00%)
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NOVT vs. RRX, CAE, BE, QS, ATKR, ENVX, ENR, RUN, PLUG, and STEM

Should you be buying Novanta stock or one of its competitors? The main competitors of Novanta include Regal Rexnord (RRX), CAE (CAE), Bloom Energy (BE), QuantumScape (QS), Atkore (ATKR), Enovix (ENVX), Energizer (ENR), Sunrun (RUN), Plug Power (PLUG), and Stem (STEM). These companies are all part of the "electrical equipment" industry.

Novanta vs. Its Competitors

Regal Rexnord (NYSE:RRX) and Novanta (NASDAQ:NOVT) are both electrical equipment companies, but which is the better stock? We will compare the two businesses based on the strength of their risk, valuation, profitability, earnings, media sentiment, dividends, analyst recommendations and institutional ownership.

99.7% of Regal Rexnord shares are owned by institutional investors. Comparatively, 98.4% of Novanta shares are owned by institutional investors. 0.8% of Regal Rexnord shares are owned by insiders. Comparatively, 1.2% of Novanta shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

Regal Rexnord has higher revenue and earnings than Novanta. Regal Rexnord is trading at a lower price-to-earnings ratio than Novanta, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Regal Rexnord$6.03B1.67$196.20M$3.5143.22
Novanta$949.24M5.06$64.09M$1.9668.08

In the previous week, Regal Rexnord had 3 more articles in the media than Novanta. MarketBeat recorded 8 mentions for Regal Rexnord and 5 mentions for Novanta. Novanta's average media sentiment score of 1.32 beat Regal Rexnord's score of 0.77 indicating that Novanta is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Regal Rexnord
5 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Novanta
4 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Regal Rexnord has a beta of 1.17, indicating that its stock price is 17% more volatile than the S&P 500. Comparatively, Novanta has a beta of 1.45, indicating that its stock price is 45% more volatile than the S&P 500.

Regal Rexnord presently has a consensus price target of $180.63, indicating a potential upside of 19.07%. Novanta has a consensus price target of $160.00, indicating a potential upside of 19.90%. Given Novanta's higher probable upside, analysts plainly believe Novanta is more favorable than Regal Rexnord.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Regal Rexnord
0 Sell rating(s)
0 Hold rating(s)
8 Buy rating(s)
0 Strong Buy rating(s)
3.00
Novanta
0 Sell rating(s)
1 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00

Novanta has a net margin of 7.42% compared to Regal Rexnord's net margin of 3.96%. Novanta's return on equity of 15.06% beat Regal Rexnord's return on equity.

Company Net Margins Return on Equity Return on Assets
Regal Rexnord3.96% 9.67% 4.32%
Novanta 7.42%15.06%7.97%

Summary

Novanta beats Regal Rexnord on 9 of the 16 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding NOVT and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

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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NOVT vs. The Competition

MetricNovantaELEC IndustryComputer SectorNASDAQ Exchange
Market Cap$4.80B$5.04B$27.56B$9.01B
Dividend YieldN/A2.96%3.15%4.11%
P/E Ratio68.0831.6036.2820.06
Price / Sales5.062.232,001.61108.02
Price / Cash28.1622.1837.6556.90
Price / Book6.432.257.255.67
Net Income$64.09M$171.53M$762.23M$248.47M
7 Day Performance4.70%-0.59%2.71%2.90%
1 Month Performance6.13%5.91%6.67%5.75%
1 Year Performance-16.75%-1.14%52,251.43%21.36%

Novanta Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
NOVT
Novanta
2.1705 of 5 stars
$133.45
+0.4%
$160.00
+19.9%
-17.1%$4.80B$949.24M68.083,000Positive News
RRX
Regal Rexnord
4.4932 of 5 stars
$141.26
+1.1%
$171.25
+21.2%
+13.5%$9.37B$6.03B40.2530,800Ex-Dividend
CAE
CAE
3.9564 of 5 stars
$26.25
+0.2%
$32.33
+23.2%
+56.2%$8.41B$3.28B29.1713,000Analyst Forecast
BE
Bloom Energy
3.2222 of 5 stars
$22.61
+4.0%
$22.97
+1.6%
+108.9%$5.25B$1.56B-452.112,127News Coverage
Positive News
Analyst Forecast
QS
QuantumScape
0.52 of 5 stars
$4.25
-0.9%
$5.19
+22.0%
+40.8%$2.38BN/A-4.67850Options Volume
ATKR
Atkore
1.9601 of 5 stars
$68.50
+3.2%
$79.57
+16.2%
-42.6%$2.31B$3.20B13.175,600
ENVX
Enovix
2.5416 of 5 stars
$8.11
-1.5%
$17.27
+113.0%
-21.6%$1.56B$23.07M-6.29340News Coverage
Buyback Announcement
ENR
Energizer
4.2978 of 5 stars
$20.33
+2.5%
$31.63
+55.6%
-27.0%$1.47B$2.89B27.855,600High Trading Volume
RUN
Sunrun
4.596 of 5 stars
$6.24
+0.2%
$13.43
+115.2%
-17.9%$1.43B$2.04B-0.5111,058Options Volume
Gap Up
PLUG
Plug Power
4.1422 of 5 stars
$1.09
-1.8%
$1.83
+67.8%
-38.3%$1.25B$628.81M-0.443,224Options Volume
STEM
Stem
2.6665 of 5 stars
$7.36
-12.0%
$22.22
+201.9%
-66.3%$1.22B$144.58M-1.49660News Coverage

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This page (NASDAQ:NOVT) was last updated on 7/3/2025 by MarketBeat.com Staff
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