Novanta (NOVT) versus Its Peers Head-To-Head Contrast
Novanta (NASDAQ: NOVT) is one of 24 public companies in the “Electronic Component” industry, but how does it weigh in compared to its peers? We will compare Novanta to similar businesses based on the strength of its institutional ownership, valuation, analyst recommendations, earnings, risk, dividends and profitability.
This is a summary of recent recommendations for Novanta and its peers, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
Volatility & Risk
Novanta has a beta of 1.27, meaning that its stock price is 27% more volatile than the S&P 500. Comparatively, Novanta’s peers have a beta of 1.03, meaning that their average stock price is 3% more volatile than the S&P 500.
Insider and Institutional Ownership
79.0% of Novanta shares are held by institutional investors. Comparatively, 56.6% of shares of all “Electronic Component” companies are held by institutional investors. 8.3% of Novanta shares are held by insiders. Comparatively, 9.0% of shares of all “Electronic Component” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.
This table compares Novanta and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
Valuation and Earnings
This table compares Novanta and its peers top-line revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Novanta||$384.76 million||$22.00 million||43.68|
|Novanta Competitors||$1.21 billion||$130.70 million||80.23|
Novanta’s peers have higher revenue and earnings than Novanta. Novanta is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
Novanta beats its peers on 7 of the 13 factors compared.
Novanta Company Profile
Novanta Inc., formerly GSI Group Inc., designs, develops, manufactures and sells precision photonic and motion control components and subsystems. The Company’s segments are Photonics, Vision and Precision Motion. The Photonics segment designs, manufactures and markets photonics-based solutions, including carbon dioxide (CO2) laser sources, laser scanning and laser beam delivery products, to customers around the world. The Vision Technologies segment designs, manufactures and markets a range of medical grade technologies, including visualization solutions, imaging informatics products, optical data collection and machine vision technologies, radio frequency identification (RFID) technologies, and thermal printers, to customers around the world. The Company’s Precision Motion segment designs, manufactures and markets optical encoders, precision motors and other motion control technology, air bearing spindles and precision machined components to customers around the world.
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