Canon (CAJ) Earns Daily Coverage Optimism Rating of 0.17
News stories about Canon (NYSE:CAJ) have trended somewhat positive on Saturday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Canon earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 45.1187427739801 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Canon (NYSE:CAJ) opened at 34.55 on Friday. The company’s 50 day moving average price is $34.52 and its 200 day moving average price is $33.88. The stock has a market capitalization of $37.31 billion, a P/E ratio of 21.09 and a beta of 0.42. Canon has a one year low of $27.76 and a one year high of $35.91.
Canon (NYSE:CAJ) last released its quarterly earnings results on Thursday, July 27th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.01. The company had revenue of $8.86 billion during the quarter, compared to the consensus estimate of $9.40 billion. Canon had a return on equity of 6.48% and a net margin of 5.17%. On average, equities analysts expect that Canon will post $1.62 earnings per share for the current year.
Several equities research analysts recently commented on the company. BidaskClub downgraded Canon from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Zacks Investment Research upgraded Canon from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $39.00.
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Canon Company Profile
Canon Inc (Canon) is a manufacturer of office multifunction devices (MFDs), plain paper copying machines, laser printers, inkjet printers, cameras and lithography equipment. Canon sells its products principally under the Canon brand name and through sales subsidiaries. Each of these subsidiaries is responsible for marketing and distribution to retail dealers in an assigned territory.
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