Press coverage about Canon (NYSE:CAJ) has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public 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 0.16 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 44.5839202023172 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.
Here are some of the news stories that may have effected Accern’s analysis:
Several research analysts have commented on CAJ shares. Zacks Investment Research lowered Canon from a “strong-buy” rating to a “hold” rating in a research report on Friday. ValuEngine upgraded Canon from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st.
Shares of NYSE CAJ opened at $35.52 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.01 and a quick ratio of 1.50. The company has a market cap of $39,838.64, a PE ratio of 16.52, a price-to-earnings-growth ratio of 2.09 and a beta of 0.64. Canon has a 12-month low of $30.79 and a 12-month high of $40.67.
Canon (NYSE:CAJ) last announced its earnings results on Tuesday, January 30th. The technology company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.07. The firm had revenue of $9.93 billion for the quarter, compared to analysts’ expectations of $9.89 billion. Canon had a return on equity of 8.75% and a net margin of 5.93%. analysts predict that Canon will post 2.18 earnings per share for the current year.
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Canon Inc manufactures and sells office multifunction devices (MFDs), plain paper copying machines, laser and inkjet printers, cameras, and lithography equipment. The company operates in three segments: Office Business Unit, Imaging System Business Unit, and Industry and Others Business Unit. The Office Business Unit segment manufactures, markets, and services a range of office MFDs, printers, copying machines for personal and office use, production print products for print professionals, laser multifunction printers, digital production printing systems, continuous feed printers, wide-format printers, and document solutions, as well as provides software, services, and solutions.
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