Somewhat Positive News Coverage Somewhat Unlikely to Impact Canon (CAJ) Share Price

Media stories about Canon (NYSE:CAJ) have been trending somewhat positive on Friday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Canon earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 44.253651360662 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news headlines that may have effected Accern Sentiment’s analysis:

Shares of Canon (NYSE:CAJ) opened at $39.11 on Friday. The company has a market cap of $51,400.00, a price-to-earnings ratio of 20.69, a PEG ratio of 2.97 and a beta of 0.47. Canon has a 52-week low of $28.76 and a 52-week high of $39.15. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.44 and a current ratio of 2.03.

A number of equities research analysts have weighed in on CAJ shares. Zacks Investment Research cut shares of Canon from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. ValuEngine upgraded shares of Canon from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Canon has an average rating of “Buy” and a consensus target price of $40.00.

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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.

Insider Buying and Selling by Quarter for Canon (NYSE:CAJ)

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