News coverage about Canon (NYSE:CAJ) has trended somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Canon earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 45.839483349546 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Canon (CAJ) Lowered to Sell at BidaskClub (americanbankingnews.com)
- #LiveIRL with Canon U.S.A.’s New IVY Mini Photo Printer (finance.yahoo.com)
- GoPro (GPRO) versus Canon (CAJ) Critical Survey (americanbankingnews.com)
- ‘Bull Durham’ has always been a great movie. Now, it’s entering the canon. (washingtonpost.com)
- News Bites: Trump hosting Japanese PM, Boston Marathon kicks off, Barbara Bush in ‘failing health’ (finance.yahoo.com)
Shares of NYSE CAJ traded down $0.27 during midday trading on Thursday, hitting $36.01. The stock had a trading volume of 226,887 shares, compared to its average volume of 424,939. The company has a market cap of $39,794.96, a PE ratio of 16.75, a P/E/G ratio of 2.09 and a beta of 0.64. Canon has a 52 week low of $31.72 and a 52 week high of $40.67. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.50 and a current ratio of 2.01.
Canon (NYSE:CAJ) last issued its earnings results on Tuesday, January 30th. The technology company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.07. The firm had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.89 billion. Canon had a net margin of 5.93% and a return on equity of 8.75%. analysts forecast that Canon will post 2.18 earnings per share for the current fiscal year.
A number of brokerages have weighed in on CAJ. Zacks Investment Research cut shares of Canon from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. ValuEngine upgraded shares of Canon from a “hold” rating to a “buy” rating in a report on Friday, February 2nd.
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.
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