Canon - CAJ Stock Forecast, Price & News

2 Wall Street 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 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.

Canon saw a decrease in short interest in the month of February. As of February 15th, there was short interest totaling 1,060,000 shares, a decrease of 10.9% from the January 31st total of 1,190,000 shares. Based on an average daily volume of 428,000 shares, the days-to-cover ratio is currently 2.5 days. Currently, 0.1% of the company's shares are sold short.
View Canon's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
View our CAJ earnings forecast.

Canon Inc. (NYSE:CAJ) announced its quarterly earnings data on Wednesday, July, 28th. The technology company reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.23. The technology company earned $7.95 billion during the quarter, compared to analysts' expectations of $7.54 billion. Canon had a trailing twelve-month return on equity of 7.50% and a net margin of 6.01%.

ETFs with the largest weight of Canon (NYSE:CAJ) stock in their portfolio include Invesco Zacks Multi-Asset Income ETF (CVY).Dimensional International Core Equity 2 ETF (DFIC).

Canon (NYSE:CAJ) pays an annual dividend of $0.77 per share and currently has a dividend yield of 3.57%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 41.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CAJ will have a dividend payout ratio of 40.96% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CAJ.

Canon updated its FY 2023 earnings guidance on Monday, January, 30th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $32.98 billion-$32.98 billion, compared to the consensus revenue estimate of $32.09 billion.

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.

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).

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

Canon's stock is owned by a number of institutional and retail investors. Top institutional investors include Morgan Stanley (0.21%), Renaissance Technologies LLC (0.12%), Arrowstreet Capital Limited Partnership (0.09%), Millennium Management LLC (0.08%), Envestnet Asset Management Inc. (0.05%) and LSV Asset Management (0.04%).

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.
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Canon (NYSE:CAJ) has a market capitalization of $0.00 and generates $30.31 billion in revenue each year. The technology company earns $1.88 billion in net income (profit) each year or $1.87 on an earnings per share basis.

The company employs 184,034 workers across the globe.

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.