Canon Inc. (NYSE:CAJ)’s share price gapped up before the market opened on Monday . The stock had previously closed at $27.93, but opened at $28.06. Canon shares last traded at $28.21, with a volume of 83,048 shares traded.

CAJ has been the topic of several research analyst reports. Zacks Investment Research cut Canon from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 21st. TheStreet upgraded Canon from a “hold” rating to a “buy” rating in a research note on Thursday, March 31st. Finally, Credit Agricole SA cut Canon from a “buy” rating to an “underperform” rating in a research note on Friday, July 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $33.00.

The company has a market cap of $30.83 billion and a P/E ratio of 15.28. The stock’s 50 day moving average price is $28.60 and its 200-day moving average price is $28.71.

Several large investors recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in Canon by 1,148.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 123,085 shares of the company’s stock valued at $3,709,000 after buying an additional 113,227 shares in the last quarter. US Bancorp DE increased its stake in Canon by 9.2% in the fourth quarter. US Bancorp DE now owns 467,404 shares of the company’s stock valued at $14,082,000 after buying an additional 39,397 shares in the last quarter. First Trust Advisors LP increased its stake in Canon by 13.3% in the fourth quarter. First Trust Advisors LP now owns 216,375 shares of the company’s stock valued at $6,519,000 after buying an additional 25,438 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Canon by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 178,322 shares of the company’s stock valued at $5,373,000 after buying an additional 4,321 shares in the last quarter. Finally, Comerica Bank increased its stake in Canon by 3.8% in the fourth quarter. Comerica Bank now owns 73,030 shares of the company’s stock valued at $2,048,000 after buying an additional 2,653 shares in 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.

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