Canon (CAJ) Given Daily Media Sentiment Rating of 0.10

Headlines about Canon (NYSE:CAJ) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public 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 0.10 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 9 out of 100, meaning that recent press coverage is extremely unlikely to have an effect on the company’s share price in the immediate future.

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

Canon (NYSE CAJ) traded down 2.82% during trading on Friday, reaching $32.38. 1,233,661 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $34.67 and a 200-day moving average price of $31.35. The firm has a market cap of $35.36 billion, a PE ratio of 22.28 and a beta of 0.40. Canon has a 12 month low of $27.18 and a 12 month high of $35.91.

Canon (NYSE:CAJ) last released its quarterly earnings data on Wednesday, April 26th. The technology company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.22. Canon had a net margin of 4.95% and a return on equity of 6.11%. The company had revenue of $8.69 billion during the quarter, compared to analyst estimates of $8.04 billion. On average, analysts forecast that Canon will post $1.49 earnings per share for the current fiscal year.

Several equities analysts have recently commented on the company. BidaskClub lowered Canon from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Zacks Investment Research downgraded Canon from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. Finally, TheStreet upgraded Canon from a “c+” rating to a “b” rating in a research report on Thursday, March 16th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $36.00.

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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.

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

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