Canon (NYSE:CAJ) was downgraded by research analysts at BNP Paribas to a “hold” rating in a report released on Wednesday, American Banking and Market News reports.
Shares of Canon (NYSE:CAJ) opened at 32.97 on Wednesday. Canon has a one year low of $29.82 and a one year high of $40.94. The stock has a 50-day moving average of $31.97 and a 200-day moving average of $32.67. The company has a market cap of $37.487 billion and a P/E ratio of 12.93.
Canon (NYSE:CAJ) last released its earnings data on Thursday, October 24th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by $0.13. Analysts expect that Canon will post $2.27 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Canon from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, October 14th. They now have a $32.70 price target on the stock. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $32.70.
Canon Inc (NYSE:CAJ), is a manufacturer of network digital multifunction devices (MFDs), plain paper copying machines, laser printers, inkjet printers, cameras and steppers.
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