Brokerage firms covering Canon, Inc. (NYSE:CAJ) have projected its profits and price target. Its stock is anticipated to touch 31.250 in coming months. The company’s earning in the past twelve months was noted at 1.702 per share. First Call projects the stock to record EPS of 0.330 in next quarter. The earnings projections for the next year and the current year is set at 1.850 and 1.730, respectively.
In today’s trading session, the company’s stock opened at 27.770 and was last seen trading at 28.028. During the same session, the stock recorded low of 27.690 and high of 28.100. Canon, Inc. American Depositary is listed on NYQ and its market cap stands at 30.61B. An average of 336211 shares traded on a daily basis in the last three months.
The 50-Day Moving Average of Canon, Inc. American Depositary sits at 29.393. It is trading at a distance of -4.644% from the 50-Day MA. Also, the current price of stock needs to move -26.281% higher on the chart to cross 52-week high of 38.020. However, if it declines +3.577%, it will break the 52-week low of 27.060.
As per the valuation analysis, price to earnings ratio of Canon, Inc. American Depositary sits at 16.575, which is reached by dividing the current market price by EPS. Investors look out for stocks, with a higher price to earnings ratio as they are assumed to have immense future earnings growth potential. This year Price to EPS of stock sits at 16.201, and for next year, it is expected to come at 15.150.