Canon (CAJ) was Downgraded to a Sell Rating at J.P. Morgan
J.P. Morgan analyst Hisashi Moriyama downgraded Canon (NYSE: CAJ) to Sell today. The company’s shares opened today at $30.73, close to its 52-week low of $30.14.
Moriyama has an average return of 4.0% when recommending Canon.
According to TipRanks.com, Moriyama is ranked #2461 out of 4872 analysts.
The the analyst consensus on Canon is currently a Hold rating.
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Canon’s market cap is currently $32.9B and has a P/E ratio of 14.36. The company has a Price to Book ratio of 1.29.
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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, Imaging System Business Unit, and Industry and Others Business Unit.