Canon Inc. (CAJ) Sees Strong Trading Volume
Canon Inc. (NYSE:CAJ) shares saw unusually-strong trading volume on Friday . Approximately 139,062 shares were traded during trading, a decline of 2% from the previous session’s volume of 142,292 shares.The stock last traded at $28.86 and had previously closed at $28.73.
Several equities research analysts have issued reports on CAJ shares. TheStreet raised shares of Canon from a “hold” rating to a “buy” rating in a research note on Tuesday, August 23rd. Zacks Investment Research cut shares of Canon from a “hold” rating to a “sell” rating in a research report on Thursday, July 28th. Finally, Credit Agricole SA cut shares of Canon from a “buy” rating to an “underperform” rating in a research report on Friday, July 15th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $33.00.
The stock has a market cap of $31.55 billion and a PE ratio of 15.91. The firm’s 50-day moving average is $28.38 and its 200 day moving average is $28.82.
An institutional investor recently raised its position in Canon stock. US Bancorp DE increased its stake in shares of Canon Inc. (NYSE:CAJ) by 9.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 467,404 shares of the company’s stock after buying an additional 39,397 shares during the period. US Bancorp DE’s holdings in Canon were worth $14,082,000 as of its most recent filing with the SEC.
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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