Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Canon (CAJ) Stock Price

Headlines about Canon (NYSE:CAJ) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Canon earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 44.1154534972828 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

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

A number of research firms recently commented on CAJ. Zacks Investment Research upgraded Canon from a “hold” rating to a “strong-buy” rating and set a $40.00 target price on the stock in a research report on Monday, October 9th. BidaskClub upgraded Canon from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Canon has a consensus rating of “Buy” and a consensus target price of $40.00.

Shares of Canon (NYSE CAJ) traded up $0.07 during mid-day trading on Monday, reaching $38.35. The company’s stock had a trading volume of 81,126 shares, compared to its average volume of 248,573. Canon has a fifty-two week low of $27.76 and a fifty-two week high of $39.15. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.44 and a current ratio of 2.03. The stock has a market capitalization of $50,790.00, a P/E ratio of 21.27, a PEG ratio of 3.30 and a beta of 0.45.

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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.

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