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Friday, December 2, 2022

The Question Is Whether To Buy Or Not To Buy Canon Inc. (NYSE: CAJ)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Canon Inc. (CAJ) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$2.83, or +13.06%, to $24.5. Volume reached 1,020,798 shares, with price reaching a high of $22.1 and a low of $21.82. The stock was recently discussed on Yahoo Finance as it revealed that HELP MAKE YOUR MEMORIES LAST WITH THE NEW CANON SELPHY PHOTO PRINTER.


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Stocks Info

Canon Inc. is listed on the NYSE as a member of the Technology sector and is a part of the Computer Hardware industry. At the end of the last regular session, the stock closed at $21.82 and fluctuated between $21.99 as its day high and $21.52 as its day low. The current market capitalization of Canon Inc. is $29.53B. A total of 4.01 million shares were traded on the day, compared to an average of 265.15K shares.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Canon Inc. pays an annual dividend of $0.89, resulting in a dividend yield of 4.07%, and it has a price to earnings (P/E) ratio of 15.14. CAJ’s most recent ex-dividend date was 06/28/2022 when it declared a $0.439496 quarterly dividend that was paid in cash on 09/02/2022. Previously, the company paid the dividend on 04/07/2022 with an ex-dividend date of 12/29/2021. The dividend was $0.4490364 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for CAJ in the last 3 months, the mean price target is $25.99 with high estimates of $29.14 and low estimates of $22.01. In terms of 52-week highs and lows, CAJ has a high of $25.79 and a low of $21.00.

As of this writing, CAJ has an earnings estimate of $0.41 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of $0.41 per share and a lower estimate of $0.41. The company reported an EPS of $0.41 in the last quarter, which was -16.33% lower than expectations of $0.49.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 14 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CAJ is Hold with a score of 3.67. A total of 5 analysts rated the stock as Buy while 0 rated it as Overweight while 9 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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