News coverage about Canon (NYSE:CAJ) has been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than 6,000 news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Canon earned a media sentiment score of 1.60 on their scale. InfoTrie also assigned news headlines about the technology company an news buzz score of 0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company’s share price in the near future.
Several analysts have commented on the stock. Zacks Investment Research cut shares of Canon from a “hold” rating to a “sell” rating in a research note on Friday, October 26th. JPMorgan Chase & Co. cut shares of Canon from a “neutral” rating to an “underweight” rating in a research report on Thursday, September 13th.
Shares of NYSE CAJ opened at $27.72 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.40 and a current ratio of 2.04. The stock has a market cap of $30.53 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 1.69 and a beta of 0.79. Canon has a 12-month low of $27.46 and a 12-month high of $40.67.
Canon (NYSE:CAJ) last announced its earnings results on Thursday, October 25th. The technology company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.07). The business had revenue of $8.13 billion for the quarter, compared to analysts’ expectations of $9.01 billion. Canon had a net margin of 5.88% and a return on equity of 8.36%. As a group, sell-side analysts expect that Canon will post 2.07 EPS 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, diagnostic equipment, and lithography equipment. The company operates in four segments: Office Business Unit, Imaging System Business Unit, Medical System Business Unit, and Industry and Others Business Unit.
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