Media coverage about Canon (NYSE:CAJ) has trended somewhat positive recently, Alpha One Sentiment reports. Alpha One, a subsidiary of Accern, identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Canon earned a news sentiment score of 0.05 on Alpha One’s scale. Alpha One also assigned media coverage about the technology company an impact score of 5 out of 100, meaning that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the near term.

These are some of the headlines that may have effected Alpha One Sentiment’s scoring:

CAJ has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Canon from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 12th. JPMorgan Chase & Co. upgraded Canon from a “neutral” rating to an “overweight” rating in a research note on Monday, March 6th. Finally, TheStreet upgraded Canon from a “c+” rating to a “b” rating in a research note on Thursday, March 16th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. Canon presently has a consensus rating of “Hold” and a consensus target price of $36.00.

Canon (NYSE:CAJ) traded down 0.15% during trading on Tuesday, reaching $33.35. The company had a trading volume of 521,720 shares. The firm’s 50 day moving average price is $31.56 and its 200 day moving average price is $29.63. Canon has a 12-month low of $27.18 and a 12-month high of $33.53. The firm has a market capitalization of $36.42 billion, a PE ratio of 22.31 and a beta of 0.60.

Canon (NYSE:CAJ) last issued its earnings results on Wednesday, April 26th. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.22. Canon had a net margin of 4.44% and a return on equity of 5.18%. The company had revenue of $8.69 billion for the quarter, compared to analysts’ expectations of $8.04 billion. Equities research analysts forecast that Canon will post $1.49 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This article was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this article can be read at https://www.americanbankingnews.com/2017/05/03/somewhat-positive-news-coverage-extremely-unlikely-to-affect-canon-caj-stock-price-2.html.

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.

5 Day Chart for NYSE:CAJ

Receive News & Ratings for Canon Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canon Inc and related companies with MarketBeat.com's FREE daily email newsletter.