Media headlines about Canon (NYSE:CAJ) have been trending positive on Tuesday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Canon earned a coverage optimism score of 0.27 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 42.972757378578 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
Several equities analysts have recently commented on CAJ shares. Zacks Investment Research upgraded Canon from a “hold” rating to a “strong-buy” rating and set a $40.00 price objective for the company in a research report on Monday, October 9th. BidaskClub downgraded Canon from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd.
Canon (CAJ) traded down $0.18 during midday trading on Tuesday, hitting $37.78. The company’s stock had a trading volume of 184,700 shares, compared to its average volume of 244,100. The company has a market capitalization of $41,454.90, a PE ratio of 21.09, a P/E/G ratio of 3.27 and a beta of 0.47. Canon has a 52 week low of $27.76 and a 52 week high of $39.15. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.03 and a quick ratio of 1.44.
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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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