Headlines about Canon (NYSE:CAJ) have been trending somewhat positive this week, InfoTrie reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Canon earned a daily sentiment score of 1.75 on their scale. InfoTrie also gave news stories about the technology company an news buzz score of 0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company’s share price in the immediate future.
CAJ opened at $27.54 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.28 and a current ratio of 1.92. Canon has a 1-year low of $26.36 and a 1-year high of $34.78. The company has a market capitalization of $29.87 billion, a price-to-earnings ratio of 12.93, a price-to-earnings-growth ratio of 3.52 and a beta of 0.56.
CAJ has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Canon from a “hold” rating to a “strong sell” rating in a research report on Friday, January 18th. Goldman Sachs Group upgraded shares of Canon from a “sell” rating to a “neutral” rating in a research report on Thursday, February 21st. Morgan Stanley upgraded shares of Canon from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, April 16th. Finally, ValuEngine downgraded shares of Canon from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold”.
Canon Inc manufactures and sells office multifunction devices (MFDs), plain paper copying machines, laser and inkjet printers, cameras, diagnostic equipment, and lithography equipment. The company operates through four segments: Office Business Unit, Imaging System Business Unit, Medical System Business Unit, and Industry and Others Business Unit.
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