What is Novanta's stock price target for 2024?

0 brokerages have issued 1 year target prices for Novanta's stock. Their NOVT share price targets range from $161.00 to $161.00. On average, they expect the company's stock price to reach $161.00 in the next twelve months. This suggests that the stock has a possible downside of 0.1%. View analysts price targets for NOVT or view top-rated stocks among Wall Street analysts .

How have NOVT shares performed in 2024?

Novanta's stock was trading at $168.41 at the start of the year. Since then, NOVT stock has decreased by 4.3% and is now trading at $161.18. View the best growth stocks for 2024 here .

When is Novanta's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024. View our NOVT earnings forecast .

How can I listen to Novanta's earnings call?

Novanta will be holding an earnings conference call on Tuesday, May 7th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link .

How were Novanta's earnings last quarter?

Novanta Inc. (NASDAQ:NOVT) issued its quarterly earnings results on Wednesday, February, 28th. The technology company reported $0.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.63. The technology company earned $211.60 million during the quarter, compared to analysts' expectations of $210.90 million. Novanta had a net margin of 8.27% and a trailing twelve-month return on equity of 17.15%. The company's quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 earnings per share.

What ETFs hold Novanta's stock?

ETFs with the largest weight of Novanta (NASDAQ:NOVT) stock in their portfolio include Goldman Sachs Future Health Care Equity ETF (GDOC) , ROBO Global Robotics & Automation ETF (ROBO) , Franklin U.S. Small Cap Multifactor Index ETF (FLQS) , VanEck Robotics ETF (IBOT) , Nuveen ESG Small-Cap ETF (NUSC) , Vanguard Russell 2000 Growth ETF (VTWG) , iShares Russell 2000 Growth ETF (IWO) and Dimensional U.S. Small Cap ETF (DFAS) .

What guidance has Novanta issued on next quarter's earnings?

Novanta issued an update on its FY24 earnings guidance on Wednesday, February, 28th. The company provided earnings per share guidance of $3.10-$3.35 for the period, compared to the consensus EPS estimate of $3.22. The company issued revenue guidance of $975-$1.0 billion, compared to the consensus revenue estimate of $934.92 million.

What is Matthijs Glastra's approval rating as Novanta's CEO?

44 employees have rated Novanta Chief Executive Officer Matthijs Glastra on Glassdoor.com . Matthijs Glastra has an approval rating of 87% among the company's employees.

What other stocks do shareholders of Novanta own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Novanta investors own include NVIDIA (NVDA) , Alibaba Group (BABA) , Gilead Sciences (GILD) , Intuitive Surgical (ISRG) , Lam Research (LRCX) , Altria Group (MO) , AT&T (T) , Abiomed (ABMD) , Advanced Micro Devices (AMD) and Broadcom (AVGO) .

Who are Novanta's major shareholders?

Novanta's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Rise Advisors LLC (0.00%). Insiders that own company stock include Brian S Young , Matthijs Glastra , Robert Buckley and Thomas N Secor . View institutional ownership trends .

How do I buy shares of Novanta?

Shares of NOVT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:NOVT

Novanta (NOVT) Stock Price, News & Analysis

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$161.18

-1.82 (-1.12%)

(As of 04/15/2024 ET)

Compare

Today's Range: $159.90
▼
$164.90
50-Day Range: $155.18
▼
$178.38
52-Week Range: $111.20
▼
$187.60

Volume: 138,593 shs
Average Volume: 128,896 shs
Market Capitalization: $5.78 billion

P/E Ratio: 79.40
Dividend Yield: N/A
Price Target: $161.00

Get Novanta alerts:

Novanta MarketRank™ Stock Analysis

Analyst Rating: 0.00 Rating Score
Upside/Downside: 0.1% Downside
$161.00 Price Target
Short Interest: Bearish
4.80% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.35
Based on 4 Articles This Week
Insider Trading: Selling Shares
$1.85 M Sold Last Quarter
Proj. Earnings Growth: 23.91%
From $3.22 to $3.99 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.63 out of 5 stars

Computer And Technology Sector

563rd out of 594 stocks

Miscellaneous Electrical Machinery, Equipment, & Supplies Industry

26th out of 27 stocks

0.0

Analyst's Opinion

Amount of Analyst Coverage
Novanta has received no research coverage in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
4.80% of the outstanding shares of Novanta have been sold short.
Short Interest Ratio / Days to Cover
Novanta has a short interest ratio ("days to cover") of 13.5, which indicates bearish sentiment.
Change versus previous month
Short interest in Novanta has recently increased by 4.24%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Novanta does not currently pay a dividend.
Dividend Growth
Novanta does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NOVT.

3.0

News and Social Media Coverage

News Sentiment
Novanta has a news sentiment score of 1.35. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Novanta this week, compared to 3 articles on an average week.
MarketBeat Follows
Only 1 people have added Novanta to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Novanta insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,846,160.00 in company stock.
Percentage Held by Insiders
Only 1.20% of the stock of Novanta is held by insiders.
Percentage Held by Institutions
98.35% of the stock of Novanta is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Novanta are expected to grow by 23.91% in the coming year, from $3.22 to $3.99 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Novanta is 79.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of Novanta is 79.40, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 264.27.
Price to Book Value per Share Ratio
Novanta has a P/B Ratio of 8.57. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Novanta Stock (NASDAQ:NOVT)

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.

NOVT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NOVT Stock News Headlines

April 3, 2024 | insidertrades.com

Novanta Inc. (NASDAQ:NOVT) CEO Matthijs Glastra Sells 5,000 Shares

April 9, 2024 | businesswire.com

Novanta Inc. Schedules Earnings Release and Conference Call for Tuesday, May 7, 2024

April 16, 2024 | InvestorPlace (Ad)

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April 2, 2024 | finance.yahoo.com

Zacks Industry Outlook Highlights TE Connectivity, BWX Technologies and Novanta

March 28, 2024 | finance.yahoo.com

Those who invested in Novanta (NASDAQ:NOVT) five years ago are up 102%

March 16, 2024 | finance.yahoo.com

NOVT Apr 2024 210.000 call

March 5, 2024 | finance.yahoo.com

Novanta Inc. (NASDAQ:NOVT) Q4 2023 Earnings Call Transcript

March 5, 2024 | finance.yahoo.com

NOVT Apr 2024 185.000 call

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March 5, 2024 | finance.yahoo.com

NOVT Apr 2024 125.000 put

March 3, 2024 | finance.yahoo.com

NOVT Mar 2024 150.000 put

March 2, 2024 | finance.yahoo.com

Novanta Inc (NOVT) CFO Robert Buckley Sells 3,000 Shares

March 1, 2024 | seekingalpha.com

Novanta Inc. (NOVT) Q4 2023 Earnings Call Transcript

March 1, 2024 | finance.yahoo.com

Novanta Full Year 2023 Earnings: EPS Misses Expectations

February 28, 2024 | msn.com

Novanta GAAP EPS of $3.02, revenue of $882M

February 28, 2024 | finance.yahoo.com

Novanta Inc (NOVT) Posts Full Year 2023 Revenue Growth Amidst Market Challenges

February 28, 2024 | businesswire.com

Novanta Announces Financial Results for the Fourth Quarter and Full Year 2023

February 27, 2024 | msn.com

Novanta Q4 2023 Earnings Preview

February 25, 2024 | finance.yahoo.com

NOVT Mar 2024 155.000 put

February 22, 2024 | finance.yahoo.com

NOVT Mar 2024 210.000 call

February 22, 2024 | benzinga.com

How Is The Market Feeling About Novanta?

February 21, 2024 | ca.finance.yahoo.com

NOVT Mar 2024 130.000 put

February 18, 2024 | finance.yahoo.com

NOVT Mar 2024 140.000 call

February 17, 2024 | finance.yahoo.com

NOVT Mar 2024 140.000 put

February 16, 2024 | money.usnews.com

Novanta Inc

February 12, 2024 | finance.yahoo.com

Novanta Inc.'s (NASDAQ:NOVT) Stock Is Going Strong: Is the Market Following Fundamentals?

February 10, 2024 | finance.yahoo.com

Novanta Inc CFO Robert Buckley Sells 1,500 Shares

See More Headlines

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Company Calendar

Last Earnings: 2/28/2024
Today: 4/16/2024
Next Earnings (Confirmed): 5/07/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Miscellaneous electrical machinery, equipment, & supplies
Sub-Industry: N/A
Current Symbol: NASDAQ:NOVT
Previous Symbol: NASDAQ:GSIG
CUSIP: N/A
CIK: 1076930
Web: www.novanta.com
Phone: (781) 266-5700
Fax: 781-266-5114
Employees: 2,900
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $161.00
High Stock Price Target: $161.00
Low Stock Price Target: $161.00
Potential Upside/Downside: -0.1%
Consensus Rating
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.03
Trailing P/E Ratio: 79.40
Forward P/E Ratio: 50.06
P/E Growth: N/A
Net Income: $72.88 million
Net Margins: 8.27%
Pretax Margin: 9.50%
Return on Equity: 17.15%
Return on Assets: 8.94%

Debt

Debt-to-Equity Ratio: 0.52
Current Ratio: 2.98
Quick Ratio: 1.91

Sales & Book Value

Annual Sales: $881.66 million
Price / Sales: 6.55
Cash Flow: $4.30 per share
Price / Cash Flow: 37.51
Book Value: $18.81 per share
Price / Book: 8.57

Miscellaneous

Outstanding Shares: 35,845,000
Free Float: 35,415,000
Market Cap: $5.78 billion
Optionable: Optionable
Beta: 1.33

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Key Executives

Mr. Matthijs Glastra (Age 55)
CEO & Chairman of the Board
Comp: $2.62M
Mr. Robert J. Buckley (Age 50)
Chief Financial Officer
Comp: $1.2M
Ms. Michele Davis Michele Welsh (Age 50)
General Counsel & Corporate Secretary
Comp: $691.84k
Mr. Brian S. Young (Age 55)
Chief Human Resources Officer
Comp: $711.14k
Mr. Peter L. Chang (Age 59)
Corporate Controller & Chief Accounting Officer
Ms. Sarah Betadam
Chief Information Officer & Chief Information Security Officer
Mr. Charlie Webster
Executive Vice President of Novanta Growth System & Global Supply Chain
Mr. Chuck Ravetto
Group President of Automation Enabling Technologies Group
Ms. Anna Fain
Senior Vice President of Leadership Development and Diversity, Equity & Inclusion
Mr. Heinrich Dreyer
Group President of Medical Solutions

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NOVT Stock Analysis - Frequently Asked Questions

What is Novanta's stock price target for 2024?: 0 brokerages have issued 1 year target prices for Novanta's stock. Their NOVT share price targets range from $161.00 to $161.00. On average, they expect the company's stock price to reach $161.00 in the next twelve months. This suggests that the stock has a possible downside of 0.1%.
View analysts price targets for NOVT or view top-rated stocks among Wall Street analysts.
How have NOVT shares performed in 2024?: Novanta's stock was trading at $168.41 at the start of the year. Since then, NOVT stock has decreased by 4.3% and is now trading at $161.18.
View the best growth stocks for 2024 here.
When is Novanta's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our NOVT earnings forecast.
How can I listen to Novanta's earnings call?: Novanta will be holding an earnings conference call on Tuesday, May 7th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Novanta's earnings last quarter?: Novanta Inc. (NASDAQ:NOVT) issued its quarterly earnings results on Wednesday, February, 28th. The technology company reported $0.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.63. The technology company earned $211.60 million during the quarter, compared to analysts' expectations of $210.90 million. Novanta had a net margin of 8.27% and a trailing twelve-month return on equity of 17.15%. The company's quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 earnings per share.
What ETFs hold Novanta's stock?: ETFs with the largest weight of Novanta (NASDAQ:NOVT) stock in their portfolio include Goldman Sachs Future Health Care Equity ETF (GDOC), ROBO Global Robotics & Automation ETF (ROBO), Franklin U.S. Small Cap Multifactor Index ETF (FLQS), VanEck Robotics ETF (IBOT), Nuveen ESG Small-Cap ETF (NUSC), Vanguard Russell 2000 Growth ETF (VTWG), iShares Russell 2000 Growth ETF (IWO) and Dimensional U.S. Small Cap ETF (DFAS).

What guidance has Novanta issued on next quarter's earnings?: Novanta issued an update on its FY24 earnings guidance on Wednesday, February, 28th. The company provided earnings per share guidance of $3.10-$3.35 for the period, compared to the consensus EPS estimate of $3.22. The company issued revenue guidance of $975-$1.0 billion, compared to the consensus revenue estimate of $934.92 million.
What is Matthijs Glastra's approval rating as Novanta's CEO?: 44 employees have rated Novanta Chief Executive Officer Matthijs Glastra on Glassdoor.com. Matthijs Glastra has an approval rating of 87% among the company's employees.
What other stocks do shareholders of Novanta own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Novanta investors own include NVIDIA (NVDA), Alibaba Group (BABA), Gilead Sciences (GILD), Intuitive Surgical (ISRG), Lam Research (LRCX), Altria Group (MO), AT&T (T), Abiomed (ABMD), Advanced Micro Devices (AMD) and Broadcom (AVGO).
Who are Novanta's major shareholders?: Novanta's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Rise Advisors LLC (0.00%). Insiders that own company stock include Brian S Young, Matthijs Glastra, Robert Buckley and Thomas N Secor.
View institutional ownership trends.
How do I buy shares of Novanta?: Shares of NOVT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:NOVT) was last updated on 4/16/2024 by MarketBeat.com Staff

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Novanta (NOVT) Stock Price, News & Analysis

Novanta MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Novanta Stock (NASDAQ:NOVT)

NOVT Stock Price History

NOVT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

NOVT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™