Canon Reaches New 12-Month Low at $29.81 (CAJ)
Canon (NYSE:CAJ)’s share price reached a new 52-week low during trading hours on Monday, Analyst Ratings Network.com reports. The company traded as low as $29.81 and last traded at $30.04, with a volume of 209,673 shares traded. The stock had previously closed at $30.25.
CAJ has been the subject of a number of recent research reports. Analysts at Bank of America Corp. downgraded shares of Canon from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, January 16th. Separately, analysts at Credit Suisse downgraded shares of Canon from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 14th. Finally, analysts at Citigroup Inc. downgraded shares of Canon from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Canon currently has a consensus rating of “Hold” and a consensus price target of $34.30.
Canon has a 52 week low of $29.82 and a 52 week high of $38.89. The stock has a 50-day moving average of $31.50 and a 200-day moving average of $31.92. The company has a market cap of $34.121 billion and a P/E ratio of 12.06.
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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