Should I buy or sell Canon stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canon in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" CAJ shares. View CAJ analyst ratings or view top-rated stocks .

How were Canon's earnings last quarter?

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

Is Canon a good dividend stock?

Canon (NYSE:CAJ) pays an annual dividend of $0.77 per share and currently has a dividend yield of 3.57%. 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 .

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) .

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

NYSE:CAJ

Canon (CAJ) Stock Price, News & Analysis

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Today's Range: N/A
50-Day Range: $21.27
▼
$22.74
52-Week Range: N/A

Volume: 933,900 shs
Average Volume: 497,265 shs
Market Capitalization: $22.62 billion

P/E Ratio: 11.57
Dividend Yield: 3.57%
Price Target: N/A

Stock Analysis

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About Canon Stock (NYSE:CAJ)

Canon, Inc. engages in the development, manufacture, and sale of office multifunction devices, copying machines, printers, cameras, and lithography equipment. It operates through the following segments: Office Business Unit (BU), Imaging Systems, Medical Systems and Others. The Office BU segment offers MFDs, printers, copying machines for personal and office use, and production print products for print professionals. The Imaging Systems segment manufactures and markets digital cameras and digital video camcorders, as well as lenses and various related accessories. The Medical Systems segment covers the diagnostic imaging equipment, from CT and MRI systems to ophthalmic and digital radiography equipment. The Others segment offers semiconductor and flat panel display lithography equipment, digital radiography systems, ophthalmic equipment, vacuum thin-film deposition equipment, organic light-emitting diode panel manufacturing equipment, micro motors, computers, handy terminals, and document scanners. The company was founded on August 10, 1937 and is headquartered in Tokyo, Japan.

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CAJ Stock News Headlines

April 18, 2024 | globenewswire.com

Printing & Promotions Plus, Inc.'s Strengthens Capabilities With Inclusion of Colorado M series and Arizona 135 GT Printers from Canon Solutions America

March 6, 2024 | finance.yahoo.com

Canon converts 100 percent of power to renewable energy at five manufacturing sites for printing business

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February 20, 2024 | finance.yahoo.com

Canon recognized with CDP’s highest-level “A” score for its environmental activities

February 20, 2024 | finance.yahoo.com

Canon Celebrates 21st Consecutive Year of No. 1 Share of Global Interchangeable-Lens Digital Camera Market

February 20, 2024 | globenewswire.com

Canon Solutions America Recognized by William Paterson University for Contributions to Russ Berrie Institute for Professional Sales

February 16, 2024 | finance.yahoo.com

Canon named a Leader in IDC MarketScape: Worldwide Sustainability Programs and Services Hardcopy

January 31, 2024 | finance.yahoo.com

Canon Places Fifth in U.S. Patent Rankings, Achieving Top Spot Among Japanese Companies for 38 Years Running

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January 31, 2024 | marketwatch.com

Canon Shares Rise Sharply After It Projects Higher Earnings This Year

January 30, 2024 | finanznachrichten.de

Canon Middle East: Canon to demonstrate print technology leadership and inspire the Wide Format Graphics Community at FESPA Middle East 2024

January 30, 2024 | markets.businessinsider.com

Canon Q4 Profit Down; But Sees Higher Profit, Sales In FY24 - Quick Facts

January 29, 2024 | msn.com

Canon’s New Chipmaking Technology Set to Challenge ASML

January 17, 2024 | seekingalpha.com

Canon: Positive Read-Throughs From Latest Patent Ranking

November 28, 2023 | benzinga.com

Cleveland Clinic and Canon Inc. Enter Partnership to Advance Global Innovation in Medical Imaging Solutions

November 27, 2023 | bizjournals.com

Cleveland Clinic, Canon to build imaging research center

November 20, 2023 | markets.businessinsider.com

CANON'S VR IMAGING LENS WINS THE BRONZE AWARD AT THE DESIGN FOR ASIA AWARDS 2023

November 5, 2023 | financialpost.com

Canon's Advanced Chip Machines to Cost a Fraction of ASML's Best

October 26, 2023 | markets.businessinsider.com

Canon Q3 Profit Climbs; Backs FY23 Earnings View, Cuts Sales Forecast

October 18, 2023 | msn.com

Could Canon Become the Next ASML?

October 17, 2023 | msn.com

3 Red Flags for ASML's Future

October 13, 2023 | bloomberg.com

Canon Begins Selling Chip Machines to Rival World’s Best by ASML

October 11, 2023 | tmcnet.com

Canon unveils its latest range of innovative technology for cinematography and broadcasting industry at the Broadcast India Show 2023

October 5, 2023 | finance.yahoo.com

Canon Virginia, Inc. in Collaboration with Sterilumen Exhibits Together at the 2023 Global Produce & Floral Show

September 7, 2023 | finance.yahoo.com

GXO Extends Agreement with Canon U.S.A., Inc. to Capture More Warehouse Efficiencies

August 17, 2023 | msn.com

Canon: Key Valuation Re-Rating Driver Is ROE Improvement

August 2, 2023 | msn.com

Canon Printers At Risk: How To Manually Wipe Wi-Fi Settings Before Discarding

See More Headlines

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Company Calendar

Last Earnings: 7/28/2021
Today: 4/18/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Computer and Technology
Industry: Photographic equipment & supplies
Sub-Industry: N/A
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): $1.87
Trailing P/E Ratio: 11.57
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $1.88 billion
Net Margins: 6.01%
Pretax Margin: 8.74%
Return on Equity: 7.50%
Return on Assets: 4.85%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.58
Quick Ratio: 0.99

Sales & Book Value

Annual Sales: $30.31 billion
Price / Sales: 0.00
Cash Flow: N/A
Price / Cash Flow: 6.32
Book Value: $24.66 per share
Price / Book: N/A

Miscellaneous

Outstanding Shares: 1,045,770,000
Free Float: 1,045,563,000
Market Cap: $22.62 billion
Optionable: Optionable
Beta: 0.41

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Key Executives

Fujio Mitarai
Chairman, President & Chief Executive Officer
Toshizo Tanaka
CFO, Representative Director & Vice President
Toshio Homma
Representative Director & Chief Technology Officer
Shunsuke Inoue
General Manager-Research & Development
Yoichi Iwabuchi
GM-Information & Communication Systems

Key Competitors

View All Competitors

Should I Buy Canon Stock? CAJ Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Canon Inc.:

Canon celebrates 21st consecutive year of No. 1 share of global interchangeable-lens digital camera market, indicating strong market dominance and brand loyalty.
Canon's diversified business segments, including office multifunction devices, medical systems, and imaging systems, provide stability and potential for growth across different industries.
Canon's focus on innovation and technology, such as the development of advanced digital cameras and medical imaging equipment, positions the company well for future market demands.
Canon's strong financial performance and stability, reflected in consistent revenue growth and profitability, make it an attractive investment option.
Current stock price of Canon Inc. is showing positive momentum, indicating potential for capital appreciation in the near term.

Cons

Investors should be bearish about investing in Canon Inc. for these reasons:

Canon faces intense competition in the digital camera and imaging market from rivals with aggressive pricing strategies and technological advancements.
Market saturation in certain product segments, such as office printers and copying machines, may limit Canon's growth potential in those areas.
Dependency on semiconductor and flat panel display lithography equipment in the "Others" segment exposes Canon to fluctuations in the semiconductor industry.
Global economic uncertainties and trade tensions could impact Canon's international sales and profitability.
Potential impact of technological disruptions and shifts in consumer preferences on Canon's traditional product lines may pose challenges for future growth.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, April 11, 2024. Please send any questions or comments about these Canon pros and cons to contact@marketbeat.com.

CAJ Stock Analysis - Frequently Asked Questions

Should I buy or sell Canon stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canon in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" CAJ shares.
View CAJ analyst ratings or view top-rated stocks.
How were Canon's earnings last quarter?: Canon Inc. (NYSE:CAJ) issued its quarterly earnings results on Wednesday, July, 28th. The technology company reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.23. The technology company had revenue of $7.95 billion for the quarter, compared to analyst estimates of $7.54 billion. Canon had a net margin of 6.01% and a trailing twelve-month return on equity of 7.50%.
Is Canon a good dividend stock?: Canon (NYSE:CAJ) pays an annual dividend of $0.77 per share and currently has a dividend yield of 3.57%. 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.
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).
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

This page (NYSE:CAJ) was last updated on 4/18/2024 by MarketBeat.com Staff

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Canon (CAJ) Stock Price, News & Analysis

About Canon Stock (NYSE:CAJ)

CAJ Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

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Key Executives

Key Competitors

Should I Buy Canon Stock? CAJ Pros and Cons Explained

Pros

Cons

CAJ Stock Analysis - Frequently Asked Questions

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