Somewhat Positive News Coverage Extremely Unlikely to Affect Canon (CAJ) Stock Price

Media coverage about Canon (NYSE:CAJ) has trended somewhat positive on Monday, according to AlphaOne Sentiment Analysis. AlphaOne, a division of Accern, scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. AlphaOne 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 0.10 on AlphaOne’s scale. AlphaOne also assigned news coverage about the technology company an impact score of 9 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the next few days.

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

A number of equities analysts have commented on the stock. BidaskClub downgraded shares of Canon from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Zacks Investment Research downgraded shares of Canon from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. TheStreet upgraded shares of Canon from a “c+” rating to a “b” rating in a research note on Thursday, March 16th. Finally, J P Morgan Chase & Co upgraded shares of Canon from a “neutral” rating to an “overweight” rating in a research note on Monday, March 6th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Canon presently has an average rating of “Hold” and a consensus price target of $36.00.

Canon (NYSE:CAJ) traded up 0.77% during midday trading on Monday, reaching $35.51. 112,955 shares of the company were exchanged. The firm has a 50-day moving average price of $34.36 and a 200-day moving average price of $30.99. The company has a market capitalization of $38.78 billion, a PE ratio of 24.26 and a beta of 0.39. Canon has a 52 week low of $27.18 and a 52 week high of $35.91.

Canon (NYSE:CAJ) last announced its quarterly earnings data on Wednesday, April 26th. The technology company reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.22. The company had revenue of $8.69 billion during the quarter, compared to the consensus estimate of $8.04 billion. Canon had a net margin of 4.95% and a return on equity of 6.11%. Equities research analysts anticipate that Canon will post $1.50 earnings per share for the current fiscal year.

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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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