Based on the Novanta Inc stock forecast from 0 analysts, the average analyst target price for Novanta Inc is not available over the next 12 months. Novanta Inc’s average analyst rating is not available. Stock Target Advisor’s own stock analysis of Novanta Inc is Slightly Bullish , which is based on 8 positive signals and 5 negative signals. At the last closing, Novanta Inc’s stock price was USD 153.11. Novanta Inc’s stock price has changed by -5.01% over the past week, -11.53% over the past month and -3.64% over the last year.
No recent analyst target price found for Novanta Inc
No recent average analyst rating found for Novanta Inc
Company Overview Novanta Inc
Novanta Inc., together with its subsidiaries, provides precision medicine and manufacturing, medical solutions, and robotics and automation solutions in the United States and internationally. The company operates through three segments: Precision Medicine and Manufacturing, Medical Solutions, and Robotics and Automation. The Precision Medicine and Manufacturing segment offers photonics-based solutions, including laser scanning, beam delivery, CO2 laser, solid state laser, ultrafast laser, and optical light engine products serving photonics-based applications for industrial processing, metrology, medical and life science imaging, DNA sequencing, and medical laser procedures. The Medical Solutions segment provides a range of medical grade technologies, including medical insufflators, pumps, and related disposables; visualization solutions; wireless technologies, video recorders, and video integration technologies for operating room integrations; optical data collection and machine vision technologies; radio frequency identification technologies; thermal chart recorders; spectrometry technologies; and embedded touch screen solutions. The Robotics and Automation segment offers optical and inductive encoders, precision motors, servo drives and motion control solutions, integrated stepper motors, intelligent robotic end-of-arm technology solutions, air bearings, and air bearing spindles. The company sells its products through its direct sales force and distributors under the Cambridge Technology, Synrad, Laser Quantum, ARGES, WOM, NDS, Med X Change, Reach Technology, JADAK, ThingMagic, Photo Research, General Scanning, ATI Industrial Automation, Celera Motion, IMS, MicroE, Applimotion, Zettlex, Ingenia, and Westwind brands. The company was formerly known as GSI Group, Inc. and changed its name to Novanta Inc. in May 2016. Novanta Inc. was incorporated in 1968 and is headquartered in Bedford, Massachusetts. Read Less
Novanta Inc., together with its subsidiaries, provides precision medicine and manufacturing, medical solutions, and robotics and automation solutions in the United States and internationally. The company operates through three segments: Precision Medicine and Manufacturing, Medic...Read More
Frequently Asked Questions About Novanta Inc (NOVT) Stock
Stock Target Advisor's fundamental analysis for Novanta Inc's stock is Slightly Bullish .
Unfortunately we do not have enough data on NOVT's stock to indicate if its a good dividend stock.
Unfortunately we do not have enough data on NOVT's stock to indicate what its average analyst target is.
NOVT stock's Price/Earning ratio is 85.68.
Our analysis grades NOVT stock's Price / Earning ratio at F. This means that NOVT stock's Price/Earning ratio is above 77% of the stocks in the Scientific & Technical Instruments sector in the NSD exchange.
Based on this NOVT may be a overvalued for its sector.
The last closing price of NOVT's stock was USD 153.11.
The most recent market capitalization for NOVT is USD 6.20B.
Unfortunately we do not have enough analyst data on NOVT's stock to indicate whether its price will go up or not.
Following are ETFs with the highest allocation to Novanta Inc's stock :
As per our most recent records Novanta Inc has 2,900 Employees.
Novanta Inc's registered address is 125 Middlesex Turnpike, Bedford, MA, United States, 01730.
You can get more information about it from Novanta Inc's website at https://www.novanta.com.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Low volatility
The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.
Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
Superior return on assets
The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior capital utilization
The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.
High market capitalization
This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
Superior return on equity
The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.
What not to like
Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.
Overpriced compared to earnings
The stock is trading high compared to its peers on a price to earning basis and is above the sector median.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Highly leveraged
The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.
Overpriced on free cash flow basis
The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
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