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These Numbers Show Favorable Signs for Canon Inc. (CAJ)

Canon Inc. (NYSE: CAJ) is -2.50% lower on its value in year-to-date trading and has touched a low of $21.00 and a high of $25.77 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CAJ stock was last observed hovering at around $23.59 in the last trading session, with the day’s gains setting it 0.23% off its average median price target of $26.27 for the next 12 months. It is also 28.23% off the consensus price target high of $33.19 offered by 15 analysts, but current levels are -7.2% lower than the price target low of $22.22 for the same period.

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Currently trading at $23.82, the stock is 3.63% and -1.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.28 million and changing 0.97% at the moment leaves the stock 0.06% off its SMA200. CAJ registered -1.45% loss for a year compared to 6-month loss of -0.29%. The firm has a 50-day simple moving average (SMA 50) of $0.01 and a 200-day simple moving average (SMA200) of $0.05.

The stock witnessed a 0.72% gain in the last 1 month and extending the period to 3 months gives it a 2.89%, and is 5.82% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 0.85% over the week and 1.26% over the month.

Canon Inc. (CAJ) has around 184034 employees, a market worth around $31.37B and $25.84B in sales. Current P/E ratio is 15.83 and Fwd P/E is 11.79. Profit margin for the company is 6.10%. Distance from 52-week low is 13.43% and -7.57% from its 52-week high. The company has generated returns on investments over the last 12 months (6.80%).

Canon Inc. (CAJ) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Canon Inc. (CAJ) is a “Overweight”. 15 analysts offering their recommendations for the stock have an average rating of 3.00, where 9 rate it as a Hold and 0 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Canon Inc. is expected to release its quarterly report on 10/25/2022.The EPS is expected to grow by 158.70% this year.

Canon Inc. (CAJ) Top Institutional Holders

The shares outstanding are 1.05B, and float is at 1.00B with Short Float at 0.08%.

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