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:
- Canon : U.S.A. Earns 2017 “MUST SEE ‘EMS” Award for the Océ Colorado 1640 (4-traders.com)
- Canon U.S.A. Announces uniFLOW 2018 LTS to Help Businesses Streamline Workflow Processes in the Wake of Workplace Automation Trends (finance.yahoo.com)
- Canon U.S.A. Earns 2017 “MUST SEE ‘EMS” Award for the Océ Colorado 1640 (finance.yahoo.com)
- Canon Virginia, Inc. Collaborates with CVR Medical to Manufacture Intuitive, Next-Generation Stroke Prevention Technology (finance.yahoo.com)
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.
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.
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