News stories about Canon (NYSE:CAJ) have been trending somewhat positive on Friday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Canon earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 45.1720673188151 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
Several research analysts have weighed in on CAJ shares. Zacks Investment Research lowered shares of Canon from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. ValuEngine upgraded shares of Canon from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd.
Shares of CAJ traded up $0.03 during mid-day trading on Friday, hitting $36.04. 207,203 shares of the company’s stock were exchanged, compared to its average volume of 424,884. Canon has a twelve month low of $31.72 and a twelve month high of $40.67. The firm has a market cap of $39,620.23, a price-to-earnings ratio of 16.76, a price-to-earnings-growth ratio of 2.08 and a beta of 0.64. The company has a quick ratio of 1.50, a current ratio of 2.01 and a debt-to-equity ratio of 0.16.
Canon (NYSE:CAJ) last announced its quarterly 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. Canon had a net margin of 5.93% and a return on equity of 8.75%. The company had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.89 billion. research analysts predict that Canon will post 2.18 earnings per share for the current fiscal 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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