NYSE:CAJ

Canon Stock Forecast, Price & News

$21.63

-0.48 (-2.17 %)

(As of 02/26/2021 12:00 AM ET)

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Today's Range

$21.51

Now: $21.63▼

$21.84

50-Day Range

$19.22

MA: $21.78▼

$23.80

52-Week Range

$15.46

Now: $21.63▼

$25.86

Volume221,900 shs

Average Volume343,618 shs

Market Capitalization$23.01 billion

P/E Ratio41.60

Dividend Yield2.82%

Beta0.44

Canon Inc. 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: Office Business Unit, Imaging System Business Unit, Medical System Business Unit, and Industry and Others Business Unit. The Office Business Unit segment offers office MFDs, printers, and copying machines for personal and office use; production print products for print professionals; and laser multifunction and laser printers, digital continuous feed presses, digital sheet-fed presses, wide-format printers, and document solutions, as well as software, services, and solutions. The Imaging System Business Unit segment provides interchangeable-lens digital cameras, digital compact cameras, interchangeable lenses, compact photo printers, inkjet printers, large format inkjet printers, commercial photo printers, image scanners, and calculators. The Medical System Business Unit segment offers digital radiography systems, diagnostic X-ray systems, computed tomography systems, magnetic resonance imaging systems, diagnostic ultrasound systems, clinical chemistry analyzers, 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 panel manufacturing equipment, die bonders, network cameras, digital camcorders, digital cinema cameras, multimedia projectors, broadcast equipment, micromotors, 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.

Headlines

Canon Inc. -- Moody's downgrades Canon Inc. to Baa1; outlook changed to stable from negative - Yahoo Finance
February 24, 2021 | finance.yahoo.com

Pyrus helps RP Canon Medical Systems fight COVID-19 with streamlined internal processes for faster distribution of life saving CT and MRI scanners - PRNewswire
February 23, 2021 | prnewswire.com

Flottman Company Adds the New Canon Digital imagePRESS - GlobeNewswire
February 22, 2021 | globenewswire.com

IAOP Names Canon Business Process Services a Top 100 Global Outsourcing Leader for the Fifteenth Straight Year - Yahoo Finance
February 18, 2021 | finance.yahoo.com

IAOP Names Canon Business Process Services a Top 100 Global Outsourcing Leader for the Fifteenth Straight Year - PRNewswire
February 17, 2021 | prnewswire.com

Canon USA Receives Eight Awards from Keypoint Intelligence, Including the BLI 2021 A4 Line of the Year and an Outstanding Achievement Award for Hybrid Workplace Scan Technology - PRNewswire
February 17, 2021 | prnewswire.com

Canon U.S.A. Receives Eight Awards from Keypoint Intelligence, Including the BLI 2021 A4 Line of the Year and an Outstanding Achievement Award for Hybrid Workplace Scan Technology
February 17, 2021 | finance.yahoo.com

Need A Digital Photo Assistant? Canon USA Has You Covered With The Company's First-Ever Photo Culling App - PRNewswire
February 11, 2021 | prnewswire.com

Canon unveils new PIXMA G series Ink tank printers to boost productivity for home and small businesses - PR Newswire India
February 5, 2021 | prnewswire.com

Canon Celebrates Significant Milestone With Production Of 150 Million Interchangeable RF And EF Lenses - PRNewswire
February 4, 2021 | prnewswire.com

Canon Celebrates Significant Milestone With Production Of 150 Million Interchangeable RF And EF Lenses
February 4, 2021 | finance.yahoo.com

University of Washington's MHA Program Wins the 2021 CAHME/Canon Solutions America Award - PRNewswire
February 3, 2021 | prnewswire.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Photographic equipment & supplies

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNYSE:CAJ

Previous Symbol

CUSIPN/A

CIK16988

Webglobal.canon

Phone813-3758-2111

Employees187,041

Year Founded1937

Debt

Debt-to-Equity Ratio0.13

Current Ratio1.68

Quick Ratio1.12

Price-To-Earnings

Trailing P/E Ratio41.60

Forward P/E Ratio29.23

P/E Growth21.48

Sales & Book Value

Annual Sales$32.67 billion

Price / Sales0.70

Cash Flow$3.16 per share

Price / Cash Flow6.85

Book Value$25.01 per share

Price / Book0.86

Profitability

EPS (Most Recent Fiscal Year)$1.06

Net Income$1.15 billion

Net Margins2.58%

Return on Equity2.18%

Return on Assets1.28%

Miscellaneous

Outstanding Shares1,063,830,000

Market Cap$23.01 billion

Next Earnings Date4/22/2021 (Estimated)

OptionableOptionable

MarketRank^™

Overall MarketRank^™

1.65 out of 5 stars

Computer And Technology Sector

250th out of 1,528 stocks

Photographic Equipment & Supplies Industry

1st out of 9 stocks

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for Canon.

2.6 Community Rank

Outperform Votes
Canon has received 420 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Canon has received 378 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Canon has received 52.63% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Canon and other stocks. Vote “Outperform” if you believe CAJ will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CAJ will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Yield
Canon pays a meaningful dividend of 2.82%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Canon has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Canon is 57.55%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Canon will have a dividend payout ratio of 61.00% next year. This indicates that Canon will be able to sustain or increase its dividend.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Canon insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 1.21% of the stock of Canon is held by institutions.

3.1 Earnings and Valuation

Earnings Growth
Earnings for Canon are expected to grow by 35.14% in the coming year, from $0.74 to $1.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Canon is 41.60, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 32.01.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canon is 41.60, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 69.93.
Price to Earnings Growth Ratio
Canon has a PEG Ratio of 21.48. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Canon has a P/B Ratio of 0.86. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

$21.63

-0.48 (-2.17 %)

(As of 02/26/2021 12:00 AM ET)

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Canon (NYSE:CAJ) Frequently Asked Questions

Is Canon a buy right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canon in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Canon stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CAJ, but not buy additional shares or sell existing shares.
View analyst ratings for Canon or view top-rated stocks.

What stocks does MarketBeat like better than Canon?

Wall Street analysts have given Canon a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Canon wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Canon's next earnings date?

Canon is scheduled to release its next quarterly earnings announcement on Thursday, April 22nd 2021.
View our earnings forecast for Canon.

How were Canon's earnings last quarter?

Canon Inc. (NYSE:CAJ) issued its earnings results on Thursday, January, 28th. The technology company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.09. Canon had a net margin of 2.58% and a trailing twelve-month return on equity of 2.18%.
View Canon's earnings history.

How has Canon's stock been impacted by COVID-19?

Canon's stock was trading at $22.33 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CAJ shares have decreased by 3.1% and is now trading at $21.63.
View which stocks have been most impacted by COVID-19.

Is Canon a good dividend stock?

Canon pays an annual dividend of $0.61 per share and currently has a dividend yield of 2.82%. Canon does not yet have a strock track record of dividend growth. The dividend payout ratio of Canon is 57.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Canon will have a dividend payout ratio of 61.00% next year. This indicates that Canon will be able to sustain or increase its dividend.
View Canon's dividend history.

What guidance has Canon issued on next quarter's earnings?

Canon issued an update on its FY 2021 Pre-Market earnings guidance on Thursday, January, 28th. The company provided earnings per share (EPS) guidance of 1.05-1.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.02. The company issued revenue guidance of $32.381-32.381 billion, compared to the consensus revenue estimate of $32.41 billion.

Who are Canon's key executives?

Canon's management team includes the following people:

Mr. Fujio Mitarai, Chairman, Pres, CEO & COO (Age 86)
Mr. Toshizo Tanaka, CFO, EVP, Group Exec. of Facilities Management, Public Affairs, F&A, Corp. Planning and Director (Age 81)
Mr. Toshio Homma, Exec. VP, CTO, Chief Exec. of Office Imaging Products Operations & Director (Age 72)
Mr. Warren Dyer, Chief Operating Officer
Kenichi Nagasawa, Group Exec. of Corp. Intellectual Property & Legal HQ and Managing Exec. Officer (Age 62)
Hisahiro Minokawa, Managing Exec. Officer and Group Exec. of HR Management & Organization HQ
Mr. Kazuto Ogawa, Managing Exec. Officer (Age 64) (LinkedIn Profile)
Mr. Hideki Ozawa, Exec. VP (Age 71)
Mr. Seymour E. Liebman, Sr. Managing Exec. Officer (Age 71)
Masanori Yamada, Managing Exec. Officer (Age 67)

What is Fujio Mitarai's approval rating as Canon's CEO?

174 employees have rated Canon CEO Fujio Mitarai on Glassdoor.com. Fujio Mitarai has an approval rating of 77% among Canon's employees.

Who are some of Canon's key competitors?

Some companies that are related to Canon include FUJIFILM (FUJIY), Ricoh (RICOY), IMAX (IMAX), GoPro (GPRO), Eastman Kodak (KODK), Ballantyne Strong (BTN), IKONICS (IKNX) and ImageWorks (IWKS).
View all of CAJ's competitors.

What other stocks do shareholders of Canon own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Canon investors own include Xerox (XRX), International Business Machines (IBM), Pfizer (PFE), Intel (INTC), AT&T (T), Tesla (TSLA), AbbVie (ABBV), Cisco Systems (CSCO), Alibaba Group (BABA) and McDonald's (MCD).

What is Canon's stock symbol?

Canon trades on the New York Stock Exchange (NYSE) under the ticker symbol "CAJ."

Who are Canon's major shareholders?

Canon's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include First Trust Advisors LP (0.25%), Renaissance Technologies LLC (0.16%), Northern Trust Corp (0.09%), Aperio Group LLC (0.06%), CWM LLC (0.03%) and US Bancorp DE (0.02%).

Which institutional investors are selling Canon stock?

CAJ stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Renaissance Technologies LLC, Mercer Global Advisors Inc. ADV, Bonness Enterprises Inc., Pacer Advisors Inc., Stifel Financial Corp, M&T Bank Corp, and CWM LLC.

Which institutional investors are buying Canon stock?

CAJ stock was bought by a variety of institutional investors in the last quarter, including Aperio Group LLC, US Bancorp DE, Northern Trust Corp, Whittier Trust Co., Cardinal Capital Management, Bank of New York Mellon Corp, Advisor Partners LLC, and Wells Fargo & Company MN.

How do I buy shares of Canon?

Shares of CAJ can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Canon's stock price today?

One share of CAJ stock can currently be purchased for approximately $21.63.

How much money does Canon make?

Canon has a market capitalization of $23.01 billion and generates $32.67 billion in revenue each year. The technology company earns $1.15 billion in net income (profit) each year or $1.06 on an earnings per share basis.

How many employees does Canon have?

Canon employs 187,041 workers across the globe.

Does Canon have any subsidiaries?

The following companies are subsidiares of Canon: Axis AB, Axis Communications, Axis Communications AB, BriefCam, Canon (China) Co. Ltd., Canon (Schweiz) AG, Canon (Suzhou) Inc., Canon (UK) Ltd., Canon Anelva, Canon Australia Pty. Ltd., Canon Bretagne S.A.S., Canon Business Machines (Philippines) Inc., Canon Canada Inc., Canon Chemicals Inc., Canon Components Inc., Canon Dalian Business Machines Inc., Canon Deutschland GmbH, Canon Electron Tubes & Devices Co. Ltd., Canon Electronics Inc., Canon Europa N.V., Canon Europe Ltd., Canon Financial Services Inc., Canon Finetech, Canon Finetech Nisca Inc., Canon France S.A.S., Canon Hi-Tech (Thailand) Ltd., Canon Hongkong Co. Ltd., Canon IT Solutions Inc., Canon Inc. Taiwan, Canon India Pvt. Ltd., Canon Information Systems Research Australia Pty. Ltd., Canon Italia S.p.A., Canon Machinery Inc., Canon Marketing Japan Inc., Canon Medical Finance Co. Ltd., Canon Medical Systems Corporation, Canon Medical Systems Europe B.V., Canon Medical Systems Manufacturing Asia Sdn. Bhd., Canon Medical Systems USA Inc., Canon Middle East FZ-LLC, Canon Nederland N.V., Canon Opto (Malaysia) Sdn. Bhd., Canon Prachinburi (Thailand) Ltd., Canon Precision Inc., Canon Research Centre France S.A.S., Canon Ru LLC, Canon Semiconductor Equipment Inc., Canon Singapore Pte. Ltd., Canon Solutions America Inc., Canon System and Support Inc., Canon Tokki Corporation, Canon U.S.A. Inc., Canon Vietnam Co. Ltd., Canon Virginia Inc., Canon Zhongshan Business Machines Co. Ltd., Canon Zhuhai Inc., Fukushima Canon Inc., Harbour IT Pty. Ltd., Kite, Kite.ly, Milestone Systems, Milestone Systems A/S, Miyazaki Canon Inc., Molecular Imprints, Molecular Imprints Inc., Nagahama Canon Inc., Nagasaki Canon Inc., Océ Printing Systems G.m.b.H. & Co. KG, Océ-Technologies B.V., Oita Canon Inc., Oita Canon Materials Inc., Toshiba Medical Systems Corporation, Virtual Imaging, and lifecake.

When was Canon founded?

Canon was founded in 1937.

What is Canon's official website?

The official website for Canon is global.canon.

Where are Canon's headquarters?

Canon is headquartered at 30 2 SHIMOMARUKO 3 CHOME, TOKYO M0, 146-8501.

How can I contact Canon?

Canon's mailing address is 30 2 SHIMOMARUKO 3 CHOME, TOKYO M0, 146-8501. The technology company can be reached via phone at 813-3758-2111 or via email at [email protected]

This page was last updated on 3/1/2021 by MarketBeat.com Staff

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