Novanta: Deserves A Premium Multiple, But Priced For Perfection [Seeking Alpha]
Novanta Inc. - Common Shares (NOVT)
Last novanta inc. - common shares earnings: 2/26 06:59 am
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US:NASDAQ Investor Relations:
investors.novanta.com
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Source: Seeking Alpha
However, at 35x trailing EBITDA and returns on invested capital that have not returned to pre-pandemic strength, I am not willing to bet on the stock. I believe a comparison to Constellation Software can illustrate my thoughts on Novanta well. I compare the two companies in more detail in the article below. I am initiating coverage with a sell rating and assigning a $136 price target due to the potential for multiple contraction if ROIC does not return to strength. Novanta Inc. ( NASDAQ: NOVT ) manufactures and sells a variety of components and parts to OEMs in industrial and medical end markets. The company separates its business units into three segments: Photonics, Vision, and Precision Motion. Novanta's stock is up over 1,000% since 2016 when it changed its name from GSI Group. This name change signaled a transformation in its business model that had taken shape in the years prior. During this transformation, Novanta sold its semiconductor business and focused more on its
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NOVT
News
- Novanta (NASDAQ:NOVT) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating.MarketBeat
- Novanta to Present at the CJS Securities 26th Annual New Ideas for the New Year Investor Conference on Wednesday, January 14, 2026Business Wire
- Novanta to Present at the J.P. Morgan 44th Annual Healthcare Conference on Wednesday, January 14, 2026Business Wire
- 3 of Wall Street's Favorite Stocks We Keep Off Our Radar [Yahoo! Finance]Yahoo! Finance
- Novanta Inc. Announces Pricing of $550,000,000 Tangible Equity Units OfferingBusiness Wire
NOVT
Earnings
- 11/3/25 - Beat
NOVT
Sec Filings
- 12/23/25 - Form 4
- 12/22/25 - Form 144
- 12/17/25 - Form 4
- NOVT's page on the SEC website