Novanta Inc. – Consensus ‘buy’ rating and -2.3% Downside Potential

Broker Ratings
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Novanta Inc. which can be found using ticker (NOVT) now have 2 analysts in total covering the stock. The consensus rating is pointing to ‘buy’. The range between the high target price and low target price is between 167 and 161 with the average target price sitting at $164.00. Given that the stocks previous close was at $167.88 this would imply there is a potential downside of -2.3%. The day 50 moving average is $155.43 and the 200 moving average now moves to $146.64. The total market capitalization for the company now stands at 6.09B. The current share price for the company is: 170 USD

The potential market cap would be $5,946,271,846 based on the market consensus.

USD

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 81.73, revenue per share of 24.52 and a 5.86% return on assets.

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