Canon Inc. Lowered to Neutral at Zacks (CAJ)
Canon Inc. (NYSE:CAJ) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday. They currently have a $35.90 price objective on the stock. Zacks‘s price target indicates a potential upside of 9.89% from the company’s current price.
A number of other analysts have also recently weighed in on CAJ. Analysts at BNP Paribas downgraded shares of Canon Inc. to a “reduce” rating in a research note on Wednesday, June 25th. Analysts at Jefferies Group downgraded shares of Canon Inc. from a “buy” rating to a “hold” rating in a research note on Thursday, June 19th. Four analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Canon Inc. presently has an average rating of “Hold” and a consensus price target of $35.90.
Shares of Canon Inc. (NYSE:CAJ) traded down 0.67% during mid-day trading on Monday, hitting $32.67. 153,007 shares of the company’s stock traded hands. Canon Inc. has a 52 week low of $28.67 and a 52 week high of $33.96. The stock has a 50-day moving average of $33.19 and a 200-day moving average of $32.01. The company has a market cap of $36.130 billion and a P/E ratio of 15.36.
Canon Inc. (NYSE:CAJ) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.50 by $0.22. Analysts expect that Canon Inc. will post $2.04 EPS for the current fiscal year.
CANON INC. is a manufacturing company. The Office segment develops, manufactures and sells office complex machines and copiers, personal copiers, laser complex machines and printers, digital production printing systems, business high-speed continuous printers, wide format printers and document solutions.
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