Canon Inc. (NYSE:CAJ) shares saw unusually-strong trading volume on Tuesday . Approximately 1,329,079 shares changed hands during mid-day trading, a decline of 7% from the previous session’s volume of 1,433,896 shares.The stock last traded at $28.84 and had previously closed at $28.64.

CAJ has been the subject of several research analyst reports. Zacks Investment Research raised Canon from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 29th. TheStreet raised Canon from a “hold” rating to a “buy” rating in a research report on Thursday, March 31st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $33.00.

The stock’s 50-day moving average is $28.73 and its 200 day moving average is $28.82. The stock has a market cap of $31.51 billion and a PE ratio of 14.83.

A number of large investors have recently modified their holdings of CAJ. First Trust Advisors LP increased its stake in shares of Canon by 13.3% in the fourth quarter. First Trust Advisors LP now owns 216,375 shares of the company’s stock worth $6,519,000 after buying an additional 25,438 shares during the last quarter. LSV Asset Management increased its stake in shares of Canon by 7.6% in the fourth quarter. LSV Asset Management now owns 81,100 shares of the company’s stock worth $2,443,000 after buying an additional 5,700 shares during the last quarter. Oxford Asset Management increased its stake in shares of Canon by 2.8% in the fourth quarter. Oxford Asset Management now owns 37,037 shares of the company’s stock worth $1,119,000 after buying an additional 1,017 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Canon by 1,148.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 123,085 shares of the company’s stock worth $3,709,000 after buying an additional 113,227 shares during the last quarter. Finally, Comerica Bank increased its stake in shares of Canon by 3.8% in the fourth quarter. Comerica Bank now owns 73,030 shares of the company’s stock worth $2,048,000 after buying an additional 2,653 shares during the last quarter.

Canon Inc (Canon) is a manufacturer of office multifunction devices (MFDs), plain paper copying machines, laser printers, inkjet printers, cameras and lithography equipment. The Company operates in three segments: the Office Business Unit, the Imaging System Business Unit, and the Industry and Others Business Unit.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.