Somewhat Favorable Media Coverage Extremely Unlikely to Affect Canon (CAJ) Share Price
Media headlines about Canon (NYSE:CAJ) have been trending somewhat positive recently, AlphaOne Sentiment Analysis reports. AlphaOne, a service of Accern, identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Canon earned a media sentiment score of 0.10 on AlphaOne’s scale. AlphaOne also gave media coverage about the technology company an impact score of 10 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news headlines that may have impacted AlphaOne Sentiment’s analysis:
- Canon U.S.A. Announces New COMPACT-SERVO Lens and Firmware Upgrades (news.creativecow.net)
- Canon : Announces Entries Are Open For The 2017 New Cosmos of Photography 2017 Photo Competition (4-traders.com)
- PERSTEXT Cute, an iOS app that makes it possible to enjoy easily editing photos with text that has a sense of perspective, and cute stamps, is now available (finance.yahoo.com)
- Canon Announces Entries Are Open For The 2017 New Cosmos of Photography 2017 Photo Competition (finance.yahoo.com)
- CANON 5D Mark IV Major Firmware FAIL? Only Adds C-LOG, NO Changes To 4K Crop Factor, Must Send In (froknowsphoto.com)
Canon (NYSE:CAJ) remained flat at $31.88 during midday trading on Thursday. The stock had a trading volume of 849,844 shares. The company has a market capitalization of $34.82 billion, a price-to-earnings ratio of 25.65 and a beta of 0.60. The firm has a 50 day moving average of $30.82 and a 200 day moving average of $29.39. Canon has a one year low of $27.18 and a one year high of $32.13.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Canon from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 27th. TheStreet upgraded shares of Canon from a “c+” rating to a “b” rating in a research note on Thursday, March 16th. Finally, JPMorgan Chase & Co. upgraded shares of Canon from a “neutral” rating to an “overweight” rating in a research note on Monday, March 6th. Two analysts have rated the stock with a sell rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $36.00.
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Canon Company Profile
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.
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