Canon (CAJ) Earning Somewhat Favorable Media Coverage, Analysis Shows

Media coverage about Canon (NYSE:CAJ) has trended somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Canon earned a news impact score of 0.23 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 45.6056396523121 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the news articles that may have effected Accern’s analysis:

CAJ has been the topic of a number of recent research reports. BidaskClub downgraded Canon from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Zacks Investment Research raised Canon from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Wednesday, September 20th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $40.00.

Canon (NYSE CAJ) traded up 0.37% during mid-day trading on Thursday, hitting $35.39. Canon has a 52-week low of $27.76 and a 52-week high of $35.91. The firm has a 50 day moving average of $34.55 and a 200-day moving average of $33.99. The company has a market cap of $38.21 billion, a P/E ratio of 21.61 and a beta of 0.42.

Canon (NYSE:CAJ) last posted its earnings results on Thursday, July 27th. The technology company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.01. Canon had a net margin of 5.17% and a return on equity of 6.48%. The company had revenue of $8.86 billion for the quarter, compared to analyst estimates of $9.40 billion. Equities research analysts anticipate that Canon will post $1.62 EPS for the current fiscal year.

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About Canon

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)

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

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