ATKR vs. NOVT, CAE, ENS, RUN, QS, FLNC, ENVX, SPB, ENR, and SES
Should you be buying Atkore stock or one of its competitors? The main competitors of Atkore include Novanta (NOVT), CAE (CAE), EnerSys (ENS), Sunrun (RUN), QuantumScape (QS), Fluence Energy (FLNC), Enovix (ENVX), Spectrum Brands (SPB), Energizer (ENR), and SES AI (SES). These companies are all part of the "miscellaneous electrical machinery, equipment, & supplies" industry.
Atkore (NYSE:ATKR) and Novanta (NASDAQ:NOVT) are both mid-cap industrial products companies, but which is the superior business? We will contrast the two companies based on the strength of their institutional ownership, media sentiment, risk, dividends, profitability, analyst recommendations, earnings, valuation and community ranking.
Atkore received 48 more outperform votes than Novanta when rated by MarketBeat users. However, 72.14% of users gave Novanta an outperform vote while only 66.86% of users gave Atkore an outperform vote.
In the previous week, Atkore had 4 more articles in the media than Novanta. MarketBeat recorded 8 mentions for Atkore and 4 mentions for Novanta. Atkore's average media sentiment score of 1.10 beat Novanta's score of 1.08 indicating that Atkore is being referred to more favorably in the media.
Atkore has a net margin of 18.30% compared to Novanta's net margin of 7.76%. Atkore's return on equity of 43.19% beat Novanta's return on equity.
98.4% of Novanta shares are owned by institutional investors. 2.6% of Atkore shares are owned by insiders. Comparatively, 1.2% of Novanta shares are owned 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.
Atkore has higher revenue and earnings than Novanta. Atkore is trading at a lower price-to-earnings ratio than Novanta, indicating that it is currently the more affordable of the two stocks.
Atkore has a beta of 2.15, meaning that its share price is 115% more volatile than the S&P 500. Comparatively, Novanta has a beta of 1.31, meaning that its share price is 31% more volatile than the S&P 500.
Atkore currently has a consensus target price of $184.00, indicating a potential upside of 32.17%. Given Atkore's higher probable upside, analysts plainly believe Atkore is more favorable than Novanta.
Summary
Atkore beats Novanta on 13 of the 17 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding ATKR 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 NYSE 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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