Novanta Inc. which can be found using ticker (NOVT) have now 2 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The target price High/Low ranges between $187.00 and $170.00 calculating the average target price we see $178.50. Given that the stocks previous close was at $181.85 this would imply there is a potential downside of -1.8%. The day 50 moving average is $165.93 and the 200 day moving average is $158.87. The total market capitalization for the company now stands at 6.55B. The stock price for the company is currently $182.40 USD
The potential market cap would be $6,426,438,679 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 95, revenue per share of $24.91 and a 5.53% return on assets.
Novanta Inc. is a global supplier of core technology solutions to medical and advanced industrial original equipment manufacturers. Its segments include Photonics, Vision, and Precision Motion. The Photonics segment designs, manufactures and markets photonics-based solutions, including laser scanning, laser beam delivery, carbon dioxide (CO2) laser, solid state laser, ultrafast laser, and optical light engine products to customers worldwide. The Vision segment designs, manufactures and markets a range of medical grade technologies, including medical insufflators, pumps and related disposables; visualization solutions; wireless technologies, video recorder and video integration technologies. The Precision Motion segment designs, manufactures and markets 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 to customers worldwide.
