NASDAQ:NOVT

Novanta Competitors

$135.07
+0.36 (+0.27 %)
(As of 04/15/2021 12:43 PM ET)
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Today's Range
$134.11
Now: $135.07
$135.65
50-Day Range
$121.97
MA: $131.34
$138.23
52-Week Range
$75.87
Now: $135.07
$146.16
Volume2,605 shs
Average Volume109,049 shs
Market Capitalization$4.78 billion
P/E Ratio116.44
Dividend YieldN/A
Beta1.09

Competitors

Novanta (NASDAQ:NOVT) Vs. CAE, SPB, FCEL, ATKR, ENR, and ITGR

Should you be buying NOVT stock or one of its competitors? Companies in the industry of "miscellaneous electrical machinery, equipment, & supplies" are considered alternatives and competitors to Novanta, including CAE (CAE), Spectrum Brands (SPB), FuelCell Energy (FCEL), Atkore (ATKR), Energizer (ENR), and Integer (ITGR).

CAE (NYSE:CAE) and Novanta (NASDAQ:NOVT) are both mid-cap aerospace companies, but which is the superior stock? We will contrast the two companies based on the strength of their valuation, risk, profitability, institutional ownership, analyst recommendations, dividends and earnings.

Profitability

This table compares CAE and Novanta's net margins, return on equity and return on assets.

Net MarginsReturn on EquityReturn on Assets
CAE2.07%9.35%2.93%
Novanta6.81%16.33%8.16%

Analyst Recommendations

This is a breakdown of recent ratings and target prices for CAE and Novanta, as reported by MarketBeat.com.

Sell RatingsHold RatingsBuy RatingsStrong Buy RatingsRating Score
CAE06502.45
Novanta02002.00

CAE currently has a consensus target price of $39.25, indicating a potential upside of 31.14%. Novanta has a consensus target price of $99.50, indicating a potential downside of 26.33%. Given CAE's stronger consensus rating and higher probable upside, analysts plainly believe CAE is more favorable than Novanta.

Institutional and Insider Ownership

52.3% of CAE shares are held by institutional investors. Comparatively, 90.2% of Novanta shares are held by institutional investors. 18.3% of CAE shares are held by company insiders. Comparatively, 3.6% of Novanta shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

Earnings & Valuation

This table compares CAE and Novanta's gross revenue, earnings per share (EPS) and valuation.

Gross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
CAE$2.70 billion3.26$234.11 million$1.0029.98
Novanta$626.10 million7.63$40.77 million$2.1463.12

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

Risk & Volatility

CAE has a beta of 1.73, meaning that its share price is 73% more volatile than the S&P 500. Comparatively, Novanta has a beta of 1.09, meaning that its share price is 9% more volatile than the S&P 500.

Summary

CAE beats Novanta on 8 of the 14 factors compared between the two stocks.

Novanta (NASDAQ:NOVT) and Spectrum Brands (NYSE:SPB) are both mid-cap computer and technology companies, but which is the better investment? We will contrast the two companies based on the strength of their institutional ownership, valuation, analyst recommendations, profitability, earnings, dividends and risk.

Earnings & Valuation

This table compares Novanta and Spectrum Brands' gross revenue, earnings per share (EPS) and valuation.

Gross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Novanta$626.10 million7.63$40.77 million$2.1463.12
Spectrum Brands$3.96 billion0.96$97.80 million$4.1021.76

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

Risk and Volatility

Novanta has a beta of 1.09, suggesting that its stock price is 9% more volatile than the S&P 500. Comparatively, Spectrum Brands has a beta of 1.94, suggesting that its stock price is 94% more volatile than the S&P 500.

Insider and Institutional Ownership

90.2% of Novanta shares are held by institutional investors. Comparatively, 92.6% of Spectrum Brands shares are held by institutional investors. 3.6% of Novanta shares are held by insiders. Comparatively, 2.2% of Spectrum Brands shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Profitability

This table compares Novanta and Spectrum Brands' net margins, return on equity and return on assets.

Net MarginsReturn on EquityReturn on Assets
Novanta6.81%16.33%8.16%
Spectrum Brands2.46%13.35%3.59%

Analyst Recommendations

This is a summary of current ratings for Novanta and Spectrum Brands, as reported by MarketBeat.

Sell RatingsHold RatingsBuy RatingsStrong Buy RatingsRating Score
Novanta02002.00
Spectrum Brands01502.83

Novanta currently has a consensus price target of $99.50, suggesting a potential downside of 26.33%. Spectrum Brands has a consensus price target of $82.50, suggesting a potential downside of 7.53%. Given Spectrum Brands' stronger consensus rating and higher probable upside, analysts clearly believe Spectrum Brands is more favorable than Novanta.

Summary

Spectrum Brands beats Novanta on 8 of the 14 factors compared between the two stocks.

FuelCell Energy (NASDAQ:FCEL) and Novanta (NASDAQ:NOVT) are both mid-cap oils/energy companies, but which is the superior stock? We will contrast the two businesses based on the strength of their analyst recommendations, valuation, dividends, risk, profitability, earnings and institutional ownership.

Analyst Recommendations

This is a breakdown of recent ratings and target prices for FuelCell Energy and Novanta, as provided by MarketBeat.com.

Sell RatingsHold RatingsBuy RatingsStrong Buy RatingsRating Score
FuelCell Energy24001.67
Novanta02002.00

FuelCell Energy presently has a consensus target price of $8.50, suggesting a potential downside of 10.15%. Novanta has a consensus target price of $99.50, suggesting a potential downside of 26.33%. Given FuelCell Energy's higher probable upside, equities research analysts clearly believe FuelCell Energy is more favorable than Novanta.

Volatility & Risk

FuelCell Energy has a beta of 5.33, meaning that its share price is 433% more volatile than the S&P 500. Comparatively, Novanta has a beta of 1.09, meaning that its share price is 9% more volatile than the S&P 500.

Insider & Institutional Ownership

33.7% of FuelCell Energy shares are owned by institutional investors. Comparatively, 90.2% of Novanta shares are owned by institutional investors. 0.1% of FuelCell Energy shares are owned by company insiders. Comparatively, 3.6% of Novanta shares are owned by company 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.

Profitability

This table compares FuelCell Energy and Novanta's net margins, return on equity and return on assets.

Net MarginsReturn on EquityReturn on Assets
FuelCell Energy-162.42%-74.92%-13.77%
Novanta6.81%16.33%8.16%

Earnings & Valuation

This table compares FuelCell Energy and Novanta's revenue, earnings per share (EPS) and valuation.

Gross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
FuelCell Energy$60.75 million50.00$-77,570,000.00($1.30)-7.25
Novanta$626.10 million7.63$40.77 million$2.1463.12

Novanta has higher revenue and earnings than FuelCell Energy. FuelCell Energy 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 FuelCell Energy on 10 of the 13 factors compared between the two stocks.

Atkore (NYSE:ATKR) and Novanta (NASDAQ:NOVT) are both mid-cap industrial products companies, but which is the better business? We will compare the two businesses based on the strength of their valuation, risk, analyst recommendations, earnings, dividends, institutional ownership and profitability.

Analyst Ratings

This is a summary of recent ratings for Atkore and Novanta, as reported by MarketBeat.com.

Sell RatingsHold RatingsBuy RatingsStrong Buy RatingsRating Score
Atkore01302.75
Novanta02002.00

Atkore presently has a consensus target price of $61.00, indicating a potential downside of 15.34%. Novanta has a consensus target price of $99.50, indicating a potential downside of 26.33%. Given Atkore's stronger consensus rating and higher probable upside, analysts clearly believe Atkore is more favorable than Novanta.

Volatility & Risk

Atkore has a beta of 2.47, suggesting that its share price is 147% more volatile than the S&P 500. Comparatively, Novanta has a beta of 1.09, suggesting that its share price is 9% more volatile than the S&P 500.

Insider & Institutional Ownership

97.4% of Atkore shares are held by institutional investors. Comparatively, 90.2% of Novanta shares are held by institutional investors. 1.7% of Atkore shares are held by insiders. Comparatively, 3.6% of Novanta shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Valuation & Earnings

This table compares Atkore and Novanta's gross revenue, earnings per share and valuation.

Gross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Atkore$1.77 billion1.90$152.30 millionN/AN/A
Novanta$626.10 million7.63$40.77 million$2.1463.12

Atkore has higher revenue and earnings than Novanta.

Profitability

This table compares Atkore and Novanta's net margins, return on equity and return on assets.

Net MarginsReturn on EquityReturn on Assets
Atkore8.63%47.96%10.08%
Novanta6.81%16.33%8.16%

Summary

Atkore beats Novanta on 10 of the 13 factors compared between the two stocks.

Energizer (NYSE:ENR) and Novanta (NASDAQ:NOVT) are both mid-cap consumer staples companies, but which is the better investment? We will compare the two businesses based on the strength of their risk, valuation, analyst recommendations, institutional ownership, earnings, dividends and profitability.

Profitability

This table compares Energizer and Novanta's net margins, return on equity and return on assets.

Net MarginsReturn on EquityReturn on Assets
Energizer-3.40%42.70%3.34%
Novanta6.81%16.33%8.16%

Analyst Ratings

This is a summary of current ratings and recommmendations for Energizer and Novanta, as reported by MarketBeat.

Sell RatingsHold RatingsBuy RatingsStrong Buy RatingsRating Score
Energizer04802.67
Novanta02002.00

Energizer presently has a consensus price target of $50.25, indicating a potential upside of 2.26%. Novanta has a consensus price target of $99.50, indicating a potential downside of 26.33%. Given Energizer's stronger consensus rating and higher possible upside, equities research analysts clearly believe Energizer is more favorable than Novanta.

Institutional & Insider Ownership

86.4% of Energizer shares are held by institutional investors. Comparatively, 90.2% of Novanta shares are held by institutional investors. 1.4% of Energizer shares are held by insiders. Comparatively, 3.6% of Novanta shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Earnings and Valuation

This table compares Energizer and Novanta's gross revenue, earnings per share and valuation.

Gross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Energizer$2.74 billion1.22$-93,300,000.00$2.3121.27
Novanta$626.10 million7.63$40.77 million$2.1463.12

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

Volatility & Risk

Energizer has a beta of 1.17, suggesting that its stock price is 17% more volatile than the S&P 500. Comparatively, Novanta has a beta of 1.09, suggesting that its stock price is 9% more volatile than the S&P 500.

Integer (NYSE:ITGR) and Novanta (NASDAQ:NOVT) are both mid-cap medical companies, but which is the superior business? We will compare the two businesses based on the strength of their dividends, earnings, institutional ownership, risk, valuation, profitability and analyst recommendations.

Risk and Volatility

Integer has a beta of 1.42, indicating that its stock price is 42% more volatile than the S&P 500. Comparatively, Novanta has a beta of 1.09, indicating that its stock price is 9% more volatile than the S&P 500.

Institutional & Insider Ownership

96.5% of Integer shares are held by institutional investors. Comparatively, 90.2% of Novanta shares are held by institutional investors. 2.2% of Integer shares are held by company insiders. Comparatively, 3.6% of Novanta shares are held 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.

Profitability

This table compares Integer and Novanta's net margins, return on equity and return on assets.

Net MarginsReturn on EquityReturn on Assets
Integer6.45%9.29%4.52%
Novanta6.81%16.33%8.16%

Earnings and Valuation

This table compares Integer and Novanta's gross revenue, earnings per share (EPS) and valuation.

Gross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Integer$1.26 billion2.44$96.34 million$4.6819.89
Novanta$626.10 million7.63$40.77 million$2.1463.12

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

Analyst Recommendations

This is a summary of current recommendations and price targets for Integer and Novanta, as provided by MarketBeat.com.

Sell RatingsHold RatingsBuy RatingsStrong Buy RatingsRating Score
Integer01302.75
Novanta02002.00

Integer presently has a consensus price target of $99.3333, indicating a potential upside of 6.73%. Novanta has a consensus price target of $99.50, indicating a potential downside of 26.33%. Given Integer's stronger consensus rating and higher probable upside, research analysts plainly believe Integer is more favorable than Novanta.

Summary

Integer beats Novanta on 8 of the 14 factors compared between the two stocks.


Novanta Competitors List

Competitor NameCompetitor BTM RankCompetitor PriceCompetitor Price ChangeCompetitor Market CapCompetitor RevenueCompetitor P/E RatioCompetitor Indicator(s)
CAE logo
CAE
CAE
1.9$29.98+0.5%$8.75 billion$2.70 billion166.56Analyst Report
Spectrum Brands logo
SPB
Spectrum Brands
2.3$89.20+0.1%$3.81 billion$3.96 billion37.17Analyst Downgrade
FuelCell Energy logo
FCEL
FuelCell Energy
0.8$9.42+17.1%$3.56 billion$60.75 million-16.53Insider Selling
Atkore logo
ATKR
Atkore
1.4$72.11+1.0%$3.40 billion$1.77 billion23.19Decrease in Short Interest
Energizer logo
ENR
Energizer
2.4$49.14+1.2%$3.32 billion$2.74 billion-31.10
Integer logo
ITGR
Integer
1.6$93.07+1.7%$3.02 billion$1.26 billion42.30
Eos Energy Enterprises logo
EOSE
Eos Energy Enterprises
1.5$14.91+4.6%$808.10 millionN/A0.00Increase in Short Interest
News Coverage
CBAT
CBAK Energy Technology
0.5$4.28+8.6%$409.69 million$22.19 million-28.53
Romeo Power logo
RMO
Romeo Power
1.6$8.26+7.7%$255.88 millionN/A0.00Analyst Downgrade
Increase in Short Interest
Flux Power logo
FLUX
Flux Power
1.5$11.20+4.4%$148.51 million$16.84 million-4.52Analyst Upgrade
Increase in Short Interest
Polar Power logo
POLA
Polar Power
0.7$10.06+11.4%$143.35 million$24.80 million0.00
Ultralife logo
ULBI
Ultralife
1.8$8.53+0.5%$137.08 million$106.79 million28.43News Coverage
This page was last updated on 4/15/2021 by MarketBeat.com Staff
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