Robert W. Baird analyst Richard Eastman maintained a Hold rating on Novanta (NASDAQ:NOVT) Inc on Wednesday, setting a price target of $90, which is approximately 2.38% above the present share price of $87.91.
Eastman expects Novanta Inc to post earnings per share (EPS) of $0.26 for the second quarter of 2020.
The current consensus among 2 TipRanks analysts is for a Hold rating of shares in Novanta, with an average price target of $90.
The analysts price targets range from a high of $90 to a low of $90.
In its latest earnings report, released on 12/31/2019, the company reported a quarterly revenue of $159.7 million and a net profit of $17.64 million. The company's market cap is $3.28 billion.
According to TipRanks.com, Robert W. Baird analyst Richard Eastman is a 5-star analyst with an average return of 16.7% and a 75.0% success rate.
Novanta, Inc. engages in the provision of core technology solutions to healthcare and advanced industrial original equipment manufacturers. It operates through the following segments: Photonics, Vision, and Precision Motion. The Photonics segment designs, manufactures, and markets photonics-based solutions, including laser scanning and laser beam delivery, CO2 laser, continuous wave and ultrafast laser, and optical light engine products. The Vision segment a range of medical grade technologies, including medical insufflators, pumps and related disposables; surgical displays and operating room integration technologies; optical data collection and machine vision technologies; radio frequency identification technologies; thermal printers; spectrometry technologies; and embedded touch screen solutions. The Precision Motion segment includes optical encoders, precision motor and motion control technology, air bearing spindles and precision machined components to customers. The company was founded in 1968 and is headquartered in Bedford, MA.