News stories about Canon (NYSE:CAJ) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Canon earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 45.2665531357451 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Canon (CAJ) opened at $36.45 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.50 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $39,762.20, a P/E ratio of 18.32, a PEG ratio of 2.01 and a beta of 0.61. Canon has a 52-week low of $28.82 and a 52-week high of $40.67.

A number of equities research analysts have issued reports on CAJ shares. ValuEngine raised shares of Canon from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised shares of Canon from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Tuesday, January 16th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $44.00.

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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.

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