NYSE:CAJ

Canon - CAJ Stock Forecast, Price & News

$22.48

-0.03 (-0.13%)

(As of 12/7/2022 12:00 AM ET)

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Today's Range: $22.44
▼
$22.60
50-Day Range: $20.85
▼
$23.36
52-Week Range: $20.84
▼
$25.79

Volume: 222,407 shs
Average Volume: 307,906 shs
Market Capitalization: $23.51 billion

P/E Ratio: 13.88
Dividend Yield: 3.24%
Price Target: N/A

Canon MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.08% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.20
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 8.05%
From $1.74 to $1.88 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.35 out of 5 stars

Computer And Technology Sector

246th out of 625 stocks

Photographic Equipment & Supplies Industry

2nd out of 3 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Canon.

3.0

Short Interest

Percentage of Shares Shorted
0.08% of the float of Canon has been sold short.
Short Interest Ratio / Days to Cover
Canon has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Canon has recently increased by 17.49%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Canon pays a meaningful dividend of 3.24%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Canon does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Canon is 45.06%. 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 38.83% next year. This indicates that Canon will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CAJ.

2.3

News and Social Media Coverage

News Sentiment
Canon has a news sentiment score of 0.20. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.44 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Canon this week, compared to 2 articles on an average week.
Search Interest
Only 1 people have searched for CAJ on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
5 people have added Canon to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.

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 Insiders
Only 0.02% of the stock of Canon is held by insiders.
Percentage Held by Institutions
Only 1.74% of the stock of Canon is held by institutions.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Canon are expected to grow by 8.05% in the coming year, from $1.74 to $1.88 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Canon is 13.88, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.93.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canon is 13.88, 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 405.18.
Price to Earnings Growth Ratio
Canon has a PEG Ratio of 12.89. 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 0.83. 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

About Canon (NYSE:CAJ) Stock

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.

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CAJ Stock News Headlines

December 4, 2022 | americanbankingnews.com

Canon Inc. (NYSE:CAJ) Short Interest Up 17.5% in November

November 29, 2022 | americanbankingnews.com

FY2022 EPS Estimates for Canon Inc. (NYSE:CAJ) Lowered by Jefferies Financial Group

October 26, 2022 | marketwatch.com

Canon Inc. Shares Slump After Disappointing Third-Quarter Results

October 21, 2022 | benzinga.com

Canon Colorado 1650 UVgel Ink Approved for 3M™ MCS™ Warranty program

October 12, 2022 | forbes.com

‘Destiny 2’ Makes Five Characters’ Sexuality And Gender Identities Canon For National Coming Out Day - Forbes

October 5, 2022 | bloomberg.com

Canon to Build $350 Million Plant for Key Chip Equipment - Bloomberg

September 29, 2022 | benzinga.com

Showcase the Memories that Light Up Your Life with Canon's New IVY 2 Mini Photo Printer

September 28, 2022 | finance.yahoo.com

Canon Inc. (CAJ)

September 24, 2022 | seekingalpha.com

Canon: A Japanese Giant With Potential Growth (NYSE:CAJ) - Seeking Alpha

September 23, 2022 | finance.yahoo.com

Royal Printing adds Canon varioPRINT iX sheetfed color inkjet press to drive efficiencies and extend reliable, high quality print offerings - Yahoo Finance

September 13, 2022 | businesswire.com

Global Low-Light Imaging Market Research Report to 2027 - Featuring Canon, Hamamatsu Photonics and New Imaging Technologies Among Others - ResearchAndMarkets.com - Business Wire

September 12, 2022 | msn.com

Canon aims for greater heights as it celebrates its 35th year in Malaysia

September 10, 2022 | businessinsider.com

How a Canon executive motivates employees with a 'shout-out room' - Business Insider

September 8, 2022 | apnews.com

Canon Expands Product Line-Up for Broadcast and Filmmaking

September 8, 2022 | finance.yahoo.com

Worldwide Optometry Equipment Industry to 2030 - Featuring Canon, Carl Zeiss, Escalon Services and Essilor International Among Others - Yahoo Finance

August 31, 2022 | markets.businessinsider.com

Canon Americas Headquarters Voted "Best Office Building" On Long Island

August 30, 2022 | benzinga.com

Canon (CAJ) – Canon Americas Headquarters Voted "Best Office Building" On Long Island - Benzinga

August 29, 2022 | streetinsider.com

Canon Americas Headquarters Voted "Best Office Building" On Long Island - StreetInsider.com

August 22, 2022 | latimes.com

Review: James Hannaham remixes 'Odyssey' as trans ex-con saga - Los Angeles Times

August 15, 2022 | businesswire.com

Global Portable Printer Market (2022 to 2026) - Featuring Brother Industries, Canon and Fujitsu Among Others - ResearchAndMarkets.com - Business Wire

August 13, 2022 | ftw.usatoday.com

Captain America's virginity debate is now MCU canon thanks to She-Hulk - For The Win

August 12, 2022 | benzinga.com

Ominous Death Cross Forms On Canon's Chart - Benzinga

July 29, 2022 | finance.yahoo.com

thINK hosts nearly 400 Canon Solutions America inkjet customers, partners, and print industry experts at eighth annual thINK Ahead Inkjet User Conference - Yahoo Finance

July 28, 2022 | globenewswire.com

EFI and Canon Introduce imagePRESS Server D3000 for Fiery-Driven Canon imagePRESS V1000 - GlobeNewswire

July 27, 2022 | globenewswire.com

Canon Medical Systems USA Inc. Announces Expansion of Distributorship with the Acquisition Completion of NXC Imaging - GlobeNewswire

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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CAJ Company Calendar

Last Earnings: 10/26/2022
Today: 12/07/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 1/26/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Photographic equipment & supplies
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NYSE:CAJ
CUSIP: N/A
CIK: 16988
Web: global.canon
Phone: (133) 758-2111
Fax: 813-5482-9680
Employees: 184,034
Year Founded: 1937

Profitability

EPS (Most Recent Fiscal Year): $1.62
Trailing P/E Ratio: 13.88
Forward P/E Ratio: 12.92
P/E Growth: 12.89
Net Income: $1.95 billion
Net Margins: 5.72%
Pretax Margin: 8.28%
Return on Equity: 6.37%
Return on Assets: 4.12%

Debt

Debt-to-Equity Ratio: 0.05
Current Ratio: 1.71
Quick Ratio: 1.05

Sales & Book Value

Annual Sales: $30.55 billion
Price / Sales: 0.77
Cash Flow: $3.72 per share
Price / Cash Flow: 6.04
Book Value: $26.96 per share
Price / Book: 0.83

Miscellaneous

Outstanding Shares: 1,045,772,000
Free Float: 1,045,563,000
Market Cap: $23.51 billion
Optionable: Optionable
Beta: 0.42

Social Links

Key Executives

Mr. Fujio Mitarai (Age 87)
Chairman & CEO
Comp: $2.94M

Mr. Toshizo Tanaka (Age 82)
CFO, EVP, Group Exec. of Facilities Management, Public Affairs, F&A, Corp. Planning and Director
Comp: $1.32M

Mr. Toshio Homma (Age 73)
EVP, CTO, Head of Printing Group & Director
Comp: $1.14M

Mr. Warren Dyer
Chief Operating Officer

Kenichi Nagasawa (Age 63)
Group Exec. of Corp. Intellectual Property & Legal HQ and Sr. Managing Exec. Officer

Yoichi Iwabuchi
Managing Exec. Officer and Group Exec. of Information & Communication Systems HQ

Hisahiro Minokawa
Managing Exec. Officer and Group Exec. of HR Management & Organization HQ

Mr. Kazuto Ogawa (Age 65)
Sr. Managing Exec. Officer

Mr. Hideki Ozawa (Age 72)
Exec. VP

Mr. Seymour E. Liebman (Age 72)
Sr. Managing Exec. Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CAJ Stock - Frequently Asked Questions

Should I buy or sell Canon stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canon in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" CAJ shares. 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 CAJ analyst ratings or view top-rated stocks.
How have CAJ shares performed in 2022?: Canon's stock was trading at $24.43 on January 1st, 2022. Since then, CAJ stock has decreased by 8.0% and is now trading at $22.48.
View the best growth stocks for 2022 here.
Are investors shorting Canon?: Canon saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 803,300 shares, an increase of 17.5% from the October 31st total of 683,700 shares. Based on an average daily volume of 415,900 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.1% of the company's shares are sold short.
View Canon's Short Interest.
When is Canon's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
View our CAJ earnings forecast.
How were Canon's earnings last quarter?: Canon Inc. (NYSE:CAJ) announced its earnings results on Wednesday, October, 26th. The technology company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.41 by $0.05. The technology company earned $6.87 billion during the quarter, compared to the consensus estimate of $7.80 billion. Canon had a net margin of 5.72% and a trailing twelve-month return on equity of 6.37%.
Is Canon a good dividend stock?: Canon (NYSE:CAJ) pays an annual dividend of $0.73 per share and currently has a dividend yield of 3.24%. The dividend payout ratio is 45.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CAJ will have a dividend payout ratio of 38.83% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CAJ.
What guidance has Canon issued on next quarter's earnings?: Canon updated its FY 2022 earnings guidance on Wednesday, November, 2nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $29.62 billion-$29.62 billion, compared to the consensus revenue estimate of $28.70 billion.
What is Fujio Mitarai's approval rating as Canon's CEO?: 174 employees have rated Canon Chief Executive Officer Fujio Mitarai on Glassdoor.com. Fujio Mitarai has an approval rating of 77% among the company's employees.

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 investors include Renaissance Technologies LLC (0.12%), BlackRock Inc. (0.09%), Envestnet Asset Management Inc. (0.05%), US Bancorp DE (0.05%), LSV Asset Management (0.04%) and Jane Street Group LLC (0.04%).
How do I buy shares of Canon?: Shares of CAJ stock 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 $22.48.
How much money does Canon make?: Canon (NYSE:CAJ) has a market capitalization of $23.51 billion and generates $30.55 billion in revenue each year. The technology company earns $1.95 billion in net income (profit) each year or $1.62 on an earnings per share basis.
How many employees does Canon have?: The company employs 184,034 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.
Read More
How can I contact Canon?: Canon's mailing address is 30 2 SHIMOMARUKO 3 CHOME, TOKYO M0, 146-8501. The official website for the company is global.canon. The technology company can be reached via phone at (133) 758-2111, via email at investorrelations@cusa.canon.com, or via fax at 813-5482-9680.

This page (NYSE:CAJ) was last updated on 12/8/2022 by MarketBeat.com Staff

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