Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Canon (CAJ) Stock Price
Media stories about Canon (NYSE:CAJ) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Canon earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 44.0148574520271 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- Canon U.S.A. Continues AirPrint Support For New PIXMA TS And PIXMA TR Wireless Inkjet All-in-One Printer Lineups (finance.yahoo.com)
- Canon Is Developing A New Compact Multi-Purpose Module Camera (finance.yahoo.com)
- Canon XF405, XF400 and Vixia GX10 (photographyblog.com)
- Canon Announces Its Newest Professional 4K HDR Reference Display Featuring Stable High-Luminance And 12G-SD1 Terminals (finance.yahoo.com)
- Canon Launches Three New Compact And Lightweight 4K UHD Video Camcorders: The XF405, XF400 And VIXIA GX10 (finance.yahoo.com)
Separately, BidaskClub lowered Canon from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $36.00.
Canon (CAJ) traded up 0.52% during midday trading on Friday, reaching $34.57. The company had a trading volume of 105,197 shares. The stock has a market capitalization of $37.33 billion, a PE ratio of 21.21 and a beta of 0.41. The company has a 50-day moving average of $34.85 and a 200-day moving average of $33.43. Canon has a 12-month low of $27.76 and a 12-month high of $35.91.
Canon (NYSE:CAJ) last posted its quarterly earnings data on Thursday, July 27th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.01. Canon had a return on equity of 6.48% and a net margin of 5.17%. The company had revenue of $8.86 billion for the quarter, compared to analysts’ expectations of $9.40 billion. On average, analysts predict that Canon will post $1.64 EPS for the current fiscal year.
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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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