Somewhat Favorable News Coverage Somewhat Unlikely to Affect Canon (CAJ) Stock Price
News coverage about Canon (NYSE:CAJ) has trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Canon earned a news impact score of 0.17 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 43.650787330772 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Guests at American Academy of Ophthalmology 2017 Meeting Get Firsthand Look at Canon U.S.A.’s Eyecare Portfolio (finance.yahoo.com)
- ETFs with exposure to Canon, Inc. : November 9, 2017 (finance.yahoo.com)
- Virtual Imaging, Inc., a Canon Company, Receives ISO 13485:2003 Certification (finance.yahoo.com)
- Canon U.S.A. Lends Its Support To The 8th Annual Small Business Saturday® And Shop Small® Movement To Help Drive Commerce To Small Businesses (finance.yahoo.com)
- Canon announce new Compact Native 4K Resolution Laser LCOS Projectors (canonwatch.com)
A number of brokerages recently commented on CAJ. Zacks Investment Research cut Canon from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 26th. BidaskClub cut Canon from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. One investment analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $40.00.
Canon (NYSE CAJ) opened at $38.76 on Friday. Canon has a twelve month low of $27.76 and a twelve month high of $39.15. The company has a market capitalization of $42,088.30, a price-to-earnings ratio of 21.41, a P/E/G ratio of 3.32 and a beta of 0.45. The company has a quick ratio of 1.44, a current ratio of 2.03 and a debt-to-equity ratio of 0.19.
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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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