Canon (CAJ) Given Daily Coverage Optimism Score of 0.10

Media stories about Canon (NYSE:CAJ) have trended somewhat positive this week, AlphaOne reports. The research group, a service of Accern, identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Canon earned a media sentiment score of 0.10 on AlphaOne’s scale. AlphaOne also gave headlines about the technology company an impact score of 10 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the near term.

Here are some of the news headlines that may have effected AlphaOne’s analysis:

Canon (NYSE:CAJ) opened at 33.95 on Friday. The firm has a market capitalization of $37.08 billion, a P/E ratio of 23.19 and a beta of 0.60. The firm has a 50-day moving average price of $32.52 and a 200 day moving average price of $30.08. Canon has a one year low of $27.18 and a one year high of $34.09.

Canon (NYSE:CAJ) last posted its earnings results on Wednesday, April 26th. The technology company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.22. The company had revenue of $8.69 billion for the quarter, compared to analyst estimates of $8.04 billion. Canon had a net margin of 4.44% and a return on equity of 5.18%. Equities research analysts anticipate that Canon will post $1.48 earnings per share for the current year.

CAJ has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised Canon from a “neutral” rating to an “overweight” rating in a research note on Monday, March 6th. TheStreet raised Canon from a “c+” rating to a “b” rating in a research note on Thursday, March 16th. Finally, Zacks Investment Research lowered Canon from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 12th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $36.00.

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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.

12 Month Chart for NYSE:CAJ

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