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 $175.00 with the average share target price sitting at $181.00. (at the time of writing). Given that the stocks previous close was at $172.70 this would indicate that there is a potential upside of 4.8%. It’s also worth noting that there is a 50 day moving average of $175.34 and the 200 day MA is $167.84. The market capitalization for the company is 6.21B. The price for the stock stands currently at: $173.02 USD
The potential market cap would be $6,510,683,970 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 101.18, revenue per share of $25.07 and a 5.3% 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.
