Canon (CAJ) Earning Positive Press Coverage, Analysis Shows

Media stories about Canon (NYSE:CAJ) have trended positive recently, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Canon earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 42.972757378578 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news articles that may have impacted Accern Sentiment’s scoring:

Canon (CAJ) traded up $0.26 during mid-day trading on Friday, hitting $38.75. 47,437 shares of the stock traded hands, compared to its average volume of 151,592. The firm has a market capitalization of $51,550.00, a price-to-earnings ratio of 21.53, a PEG ratio of 3.34 and a beta of 0.45. Canon has a twelve month low of $27.76 and a twelve month high of $39.15. The company has a quick ratio of 1.44, a current ratio of 2.03 and a debt-to-equity ratio of 0.19.

Several analysts have recently commented on CAJ shares. Zacks Investment Research lowered shares of Canon from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 26th. BidaskClub lowered shares of Canon from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd.

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About Canon

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.

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