Canon Downgraded by Jefferies Group to “Hold” (CAJ)
Canon (NYSE:CAJ) was downgraded by equities research analysts at Jefferies Group from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports.
CAJ has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Canon from a “neutral” rating to an “outperform” rating in a research note on Tuesday. They now have a $35.90 price target on the stock. Separately, analysts at Credit Suisse downgraded shares of Canon from a “neutral” rating to an “underperform” rating in a research note on Friday, May 23rd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Canon has an average rating of “Hold” and an average price target of $35.90.
Canon (NYSE:CAJ) opened at 33.50 on Thursday. Canon has a one year low of $28.67 and a one year high of $34.80. The stock has a 50-day moving average of $32.49 and a 200-day moving average of $31.28. The company has a market cap of $37.555 billion and a price-to-earnings ratio of 16.34.
Canon Inc (NYSE:CAJ), is a manufacturer of network digital multifunction devices (MFDs), plain paper copying machines, laser printers, inkjet printers, cameras and steppers.