NOVT vs. CAE, ATKR, ENS, ITGR, RUN, QS, FLNC, ENVX, SPB, and ENR
Should you be buying Novanta stock or one of its competitors? The main competitors of Novanta include CAE (CAE), Atkore (ATKR), EnerSys (ENS), Integer (ITGR), Sunrun (RUN), QuantumScape (QS), Fluence Energy (FLNC), Enovix (ENVX), Spectrum Brands (SPB), and Energizer (ENR).
Novanta (NASDAQ:NOVT) and CAE (NYSE:CAE) are both mid-cap computer and technology companies, but which is the superior stock? We will contrast the two businesses based on the strength of their institutional ownership, earnings, profitability, risk, analyst recommendations, valuation, dividends, media sentiment and community ranking.
CAE received 261 more outperform votes than Novanta when rated by MarketBeat users. However, 72.14% of users gave Novanta an outperform vote while only 62.46% of users gave CAE an outperform vote.
Novanta has a net margin of 7.76% compared to CAE's net margin of -6.97%. Novanta's return on equity of 16.58% beat CAE's return on equity.
Novanta has a beta of 1.31, indicating that its stock price is 31% more volatile than the S&P 500. Comparatively, CAE has a beta of 1.67, indicating that its stock price is 67% more volatile than the S&P 500.
CAE has a consensus price target of $32.00, suggesting a potential upside of 81.10%. Given CAE's higher probable upside, analysts clearly believe CAE is more favorable than Novanta.
In the previous week, CAE had 33 more articles in the media than Novanta. MarketBeat recorded 37 mentions for CAE and 4 mentions for Novanta. Novanta's average media sentiment score of 1.08 beat CAE's score of -0.01 indicating that Novanta is being referred to more favorably in the media.
98.4% of Novanta shares are owned by institutional investors. Comparatively, 67.4% of CAE shares are owned by institutional investors. 1.2% of Novanta shares are owned by company insiders. Comparatively, 18.3% of CAE shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.
Novanta has higher earnings, but lower revenue than CAE. CAE is trading at a lower price-to-earnings ratio than Novanta, indicating that it is currently the more affordable of the two stocks.
Summary
Novanta beats CAE on 10 of the 17 factors compared between the two stocks.
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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.
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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