# Novanta Inc. – Consensus ‘buy’ rating and 11.9% Upside Potential

- Link: https://www.directorstalkinterviews.com/novanta-inc.consensus-buy-rating-and-11.9-upside-potential/4121129808
- Published: 2023-10-13T13:38:31+01:00
- Author: Charlotte Edwards

**Novanta Inc.** which can be found using ticker (NOVT) now have 2 market analysts
covering the stock. The analyst consensus now points to a rating of ‘buy’. The range
between the high target price and low target price is between 169 and 162 calculating
the mean target price we have $165.50. Given that the stocks previous close was 
at $147.86 this would imply there is now a potential upside of 11.9%. Also worth
taking note is the 50 day moving average now sits at $152.99 and the 200 day MA 
is $158.86. The company has a market cap of 5.27B. The stock price for the company
is currently 147.19 USD

 The potential market cap would be $5,899,419,922 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 69.1, revenue per share of 24.87
and a 6.23% 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.

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