Media coverage about Canon (NYSE:CAJ) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. 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 0.16 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 44.5839202023172 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Canon (NYSE:CAJ) traded up $0.02 during trading hours on Thursday, reaching $37.23. The company had a trading volume of 208,041 shares, compared to its average volume of 375,497. The stock has a market capitalization of $40,559.41, a price-to-earnings ratio of 18.71, a PEG ratio of 2.07 and a beta of 0.62. Canon has a 52-week low of $30.79 and a 52-week high of $40.67. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.50 and a current ratio of 2.01.
Canon (NYSE:CAJ) last released its earnings results on Tuesday, January 30th. The technology company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.07. The firm had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.89 billion. Canon had a return on equity of 8.75% and a net margin of 5.93%. equities analysts anticipate that Canon will post 2.24 earnings per share for the current fiscal year.
A number of research firms recently issued reports on CAJ. ValuEngine upgraded Canon from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research lowered Canon from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th.
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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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