Media coverage about Canon (NYSE:CAJ) has been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Canon earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 44.1293171371963 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Several research analysts have commented on the stock. ValuEngine upgraded shares of Canon from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research raised shares of Canon from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research note on Tuesday, January 16th.
Shares of Canon stock opened at $36.82 on Thursday. The firm has a market cap of $40,100.74, a P/E ratio of 16.92, a PEG ratio of 2.05 and a beta of 0.62. Canon has a one year low of $30.79 and a one year high of $40.67. The company has a quick ratio of 1.50, a current ratio of 2.01 and a debt-to-equity ratio of 0.16.
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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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