Somewhat Favorable News Coverage Somewhat Unlikely to Impact Canon (NYSE:CAJ) Share Price

News headlines about Canon (NYSE:CAJ) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Canon earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 43.5281934527001 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the media stories that may have impacted Accern’s scoring:

Several equities research analysts have recently weighed in on CAJ shares. Zacks Investment Research downgraded Canon from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. BidaskClub raised Canon from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Canon currently has an average rating of “Hold” and a consensus target price of $36.00.

Shares of Canon (CAJ) traded up 0.37% during midday trading on Wednesday, hitting $35.16. The stock had a trading volume of 94,584 shares. The firm has a 50-day moving average price of $34.33 and a 200-day moving average price of $32.26. The firm has a market cap of $38.29 billion, a price-to-earnings ratio of 21.91 and a beta of 0.41. Canon has a 1-year low of $27.76 and a 1-year high of $35.91.

Canon (NYSE:CAJ) last issued its quarterly earnings results on Thursday, July 27th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.01. The company had revenue of $8.86 billion for the quarter, compared to the consensus estimate of $9.40 billion. Canon had a return on equity of 6.48% and a net margin of 5.17%. On average, equities analysts anticipate that Canon will post $1.64 EPS for the current fiscal year.

WARNING: This news story was first posted by Ticker Report and is owned by of Ticker Report. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright legislation. The correct version of this news story can be accessed at https://www.tickerreport.com/banking-finance/2796082/somewhat-favorable-news-coverage-somewhat-unlikely-to-impact-canon-nysecaj-share-price.html.

Canon Company Profile

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)

Receive News & Ratings for Canon Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canon Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.