In yesterday’s Wall Street session, Canon Inc. (NYSE:CAJ) shares traded at $21.63, down -0.14% from the previous session.
As of this writing, 14 analysts cover Canon Inc. (NYSE:CAJ). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $28.17 and a low of $20.90, we find $23.78. Given the previous closing price of $21.66, this indicates a potential upside of 9.79 percent. CAJ stock price is now -1.44% away from the 50-day moving average and -5.89% away from the 200-day moving average. The market capitalization of the company currently stands at $28.64B.
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There are 10 analysts who have given it a hold rating, whereas 2 have given it a buy rating. Brokers who have rated the stock have averaged $24.47 as their price target over the next twelve months.
, while ‘Goldman’ rates the stock as ‘Sell’.
There have been several recent changes in the stakes of large investors in CAJ stock. A new stake in Canon Inc. shares was purchased by DORSEY WRIGHT & ASSOCIATES during the first quarter worth $2,594,000. HAP TRADING, LLC invested $1,153,000 in shares of CAJ during the first quarter. In the first quarter, VOLORIDGE INVESTMENT MANAGEMENT, LLC acquired a new stake in Canon Inc. valued at approximately $1,063,000. QUANTINNO CAPITAL MANAGEMENT LP acquired a new stake in CAJ for approximately $579,000. TREXQUANT INVESTMENT LP purchased a new stake in CAJ valued at around $539,000 in the second quarter. In total, there are 189 active investors with 1.50% ownership of the company’s stock.
Monday morning saw Canon Inc. (NYSE: CAJ) opened at $21.63. During the past 12 months, Canon Inc. has had a low of $20.84 and a high of $25.79. As of last week, the company has a debt-to-equity ratio of 0.10, a current ratio of 1.60, and a quick ratio of 1.00. The fifty day moving average price for CAJ is $21.95 and a two-hundred day moving average price translates $22.98 for the stock.
The latest earnings results from Canon Inc. (NYSE: CAJ) was released for Dec, 2022. According to the Computer Hardware Company, earnings per share came in at $0.59, missing analysts’ expectations of $0.68 by -0.09. This compares to $0.47 EPS in the same period last year. The net profit margin was 6.00% and return on equity was 7.90% for CAJ. The company reported revenue of $7.17 billion for the quarter, compared to $7.58 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.43 percent. For the current quarter, analysts expect CAJ to generate $7.97B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/10/2023. Investors who held shares on 12/30/2022 were paid a $0.4600168 dividend. On an annualized basis, this represents a $0.90 dividend and a 4.15% percent yield. There was an ex-dividend date of 12/29/2022 for this dividend. In terms of dividend payout ratio, CAJ is presently at 48.39%.
Canon Inc.(CAJ) Company Profile
Canon Inc., together with its subsidiaries, manufactures and sells office multifunction devices (MFDs), plain paper copying machines, laser and inkjet printers, cameras, diagnostic equipment, and lithography equipment. The company operates through four segments: Printing Business Unit, Imaging Business Unit, Medical Business Unit, and Industrial and Others Business Unit. The Printing Business Unit segment offers office MFDs, document solutions, laser multifunction printers, laser printers, inkjet printers, image scanners, calculators, digital continuous feed presses, digital sheet-fed presses, and large format printers. The Imaging Business Unit segment provides interchangeable-lens digital cameras, digital compact cameras, interchangeable lenses, compact photo printers, network cameras, video management and video content analytics software, digital camcorders, digital cinema cameras, broadcast equipment, and multimedia projectors. The Medical System Business Unit segment offers computed tomography systems, diagnostic ultrasound systems, diagnostic X-ray systems, magnetic resonance imaging systems, clinical chemistry analyzers, digital radiography systems, and ophthalmic equipment. The Industry and Others Business Unit segment provides semiconductor lithography equipment, flat panel display lithography equipment, vacuum thin-film deposition equipment, organic light-emitting diode display manufacturing equipment, die bonders, handy terminals, and document scanners. The company also provides maintenance services; and supplies replacement drums, parts, toners, and papers. It sells its products under the Canon brand through subsidiaries or independent distributors to dealers and retail outlets, as well as directly to end-users globally. Canon Inc. was founded in 1933 and is headquartered in Tokyo, Japan.
