Novanta Inc. (NOVT)

Market Cap	5.51B
Revenue (ttm)	922.75M
Net Income (ttm)	60.13M
Shares Out	35.92M
EPS (ttm)	1.66
PE Ratio	92.46
Forward PE	44.62
Dividend	n/a
Ex-Dividend Date	n/a

Volume	419,783
Open	151.64
Previous Close	153.46
Day's Range	151.58 - 155.28
52-Week Range	146.86 - 187.12
Beta	1.27
Analysts	Hold
Price Target	169.00 (+10.1%)
Earnings Date	Nov 5, 2024

About 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-base...

• Industry: Scientific & Technical Instruments
• Sector: Technology
• Founded: 1968
• Employees: 2,900
• Stock Exchange: NASDAQ
• Ticker Symbol: NOVT
• Website: https://www.novanta.com

Financial Performance

In 2023, Novanta's revenue was $881.66 million, an increase of 2.41% compared to the previous year's $860.90 million. Earnings were $72.88 million, a decrease of -1.58%.

Analyst Forecast

According to one analyst, the rating for NOVT stock is "Hold" and the 12-month stock price forecast is $169.0.

Price Target

$169.0

(10.10% upside)

Analyst Consensus: Hold