Press coverage about Canon (NYSE:CAJ) has been trending positive recently, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Canon earned a daily sentiment score of 2.63 on their scale. InfoTrie also gave headlines about the technology company an news buzz score of 0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have effected Canon’s ranking:
- Canon Receives Recognition for Outstanding Healthcare Solutions with BLI PaceSetter Award Win (finance.yahoo.com)
- Canon (CAJ) Upgraded to “Neutral” at Goldman Sachs Group (americanbankingnews.com)
- Outlook for Office Automation and Equipment Industry Dull (finance.yahoo.com)
- Canon (CAJ) Receiving Favorable Press Coverage, Study Finds (americanbankingnews.com)
- Canon Inc. — Moody’s reviews Canon’s Aa3 rating for downgrade (finance.yahoo.com)
CAJ has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Canon from a “hold” rating to a “strong sell” rating in a research note on Friday, January 18th. ValuEngine upgraded shares of Canon from a “sell” rating to a “hold” rating in a research note on Wednesday, December 12th. Finally, Goldman Sachs Group upgraded shares of Canon from a “sell” rating to a “neutral” rating in a research note on Thursday.
Canon stock opened at $29.03 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.40 and a current ratio of 1.99. Canon has a 1 year low of $26.36 and a 1 year high of $38.51. The stock has a market capitalization of $31.44 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of 3.35 and a beta of 0.66.
Canon (NYSE:CAJ) last posted its quarterly earnings results on Wednesday, January 30th. The technology company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.08. Canon had a net margin of 6.40% and a return on equity of 8.22%. The company had revenue of $9.39 billion for the quarter, compared to the consensus estimate of $10.03 billion. On average, research analysts expect that Canon will post 1.93 earnings per share for the current year.
Canon Company Profile
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 in four segments: Office Business Unit, Imaging System Business Unit, Medical System Business Unit, and Industry and Others Business Unit.
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