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Shares of Canon Inc. (NYSE:CAJ) have earned an average rating of “Hold” from the eight analysts that are presently covering the stock, American Banking reports. Four investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $35.90.

Shares of Canon Inc. (NYSE:CAJ) traded up 0.46% during mid-day trading on Tuesday, hitting $32.82. 71,192 shares of the company’s stock traded hands. Canon Inc. has a one year low of $28.67 and a one year high of $33.96. The stock’s 50-day moving average is $33.19 and its 200-day moving average is $32.01. The company has a market cap of $36.296 billion and a P/E ratio of 15.26.

Canon Inc. (NYSE:CAJ) last announced its earnings results 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.

A number of analysts have recently weighed in on CAJ shares. Analysts at Zacks downgraded shares of Canon Inc. from an “outperform” rating to a “neutral” rating in a research note on Monday. They now have a $35.90 price target on the stock. Separately, analysts at BNP Paribas downgraded shares of Canon Inc. to a “reduce” rating in a research note on Wednesday, June 25th. Finally, 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.

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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