Somewhat Positive Media Coverage Somewhat Unlikely to Impact Canon (CAJ) Share Price

News headlines about Canon (NYSE:CAJ) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research group ranks 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 positive one, with scores closest to one being the most favorable. Canon earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 45.5893672499814 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the media headlines that may have effected Accern’s scoring:

Shares of CAJ stock opened at $36.45 on Friday. The company has a market capitalization of $39,620.23, a P/E ratio of 16.72, a P/E/G ratio of 2.02 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 current ratio of 2.01, a quick ratio of 1.50 and a debt-to-equity ratio of 0.16.

Canon (NYSE:CAJ) last issued its earnings results on Tuesday, January 30th. The technology company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.07. The company had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.89 billion. Canon had a return on equity of 8.75% and a net margin of 5.93%. sell-side analysts anticipate that Canon will post 2.24 EPS for the current fiscal year.

A number of research firms recently commented on CAJ. ValuEngine raised Canon from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research raised Canon from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Tuesday, January 16th.

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Canon Company Profile

Canon Inc manufactures and sells office multifunction devices (MFDs), plain paper copying machines, laser and inkjet printers, cameras, and lithography equipment. The company operates in three segments: Office Business Unit, Imaging System Business Unit, and Industry and Others Business Unit. The Office Business Unit segment manufactures, markets, and services a range of office MFDs, printers, copying machines for personal and office use, production print products for print professionals, laser multifunction printers, digital production printing systems, continuous feed printers, wide-format printers, and document solutions, as well as provides software, services, and solutions.

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

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