Separately, Zacks Investment Research cut Canon from a buy rating to a hold rating in a research report on Thursday, April 14th.
NYSE CAJ opened at $23.19 on Thursday. The firm has a market capitalization of $24.67 billion, a P/E ratio of 12.74, a price-to-earnings-growth ratio of 11.38 and a beta of 0.37. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.06. The firm’s fifty day moving average price is $23.69 and its two-hundred day moving average price is $23.76. Canon has a 1 year low of $21.00 and a 1 year high of $25.48.
Several hedge funds have recently made changes to their positions in CAJ. Clark Capital Management Group Inc. acquired a new position in Canon in the 3rd quarter valued at about $32,723,000. CWM LLC bought a new position in shares of Canon during the fourth quarter worth approximately $8,018,000. Goldman Sachs Group Inc. lifted its holdings in Canon by 21.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,143,193 shares of the technology company’s stock worth $27,929,000 after purchasing an additional 203,653 shares during the last quarter. LMR Partners LLP bought a new stake in Canon in the 4th quarter valued at $3,409,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Canon by 27.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 519,341 shares of the technology company’s stock valued at $12,662,000 after purchasing an additional 113,315 shares during the period.
Canon Company Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Canon (CAJ)
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