TheStreet upgraded shares of Canon Inc (NYSE:CAJ) from a c+ rating to a b rating in a report issued on Thursday.

Other equities research analysts have also issued reports about the company. Zacks Investment Research raised Canon from a strong sell rating to a hold rating in a research report on Tuesday, December 27th. JPMorgan Chase & Co. raised Canon from a neutral rating to an overweight rating in a research report on Monday, March 6th. Finally, CLSA raised Canon from an underperform rating to an outperform rating in a research report on Friday, November 25th. Two investment analysts have rated the stock with a sell rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Hold and a consensus target price of $33.00.

Canon (NYSE:CAJ) traded up 0.13% on Thursday, reaching $31.21. The company had a trading volume of 36,845 shares. The stock’s 50-day moving average price is $29.51 and its 200-day moving average price is $28.99. The stock has a market capitalization of $34.08 billion, a P/E ratio of 25.90 and a beta of 0.60. Canon has a 12-month low of $27.18 and a 12-month high of $31.28.

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Large investors have recently made changes to their positions in the stock. Boston Advisors LLC increased its position in Canon by 0.4% in the third quarter. Boston Advisors LLC now owns 12,113 shares of the company’s stock valued at $352,000 after buying an additional 50 shares during the last quarter. Ngam Advisors L.P. increased its position in Canon by 0.4% in the third quarter. Ngam Advisors L.P. now owns 61,801 shares of the company’s stock valued at $1,794,000 after buying an additional 253 shares during the last quarter. Stevens Capital Management LP increased its position in Canon by 9.0% in the third quarter. Stevens Capital Management LP now owns 8,196 shares of the company’s stock valued at $238,000 after buying an additional 676 shares during the last quarter. Delta Asset Management LLC TN increased its position in Canon by 0.5% in the third quarter. Delta Asset Management LLC TN now owns 160,242 shares of the company’s stock valued at $4,652,000 after buying an additional 830 shares during the last quarter. Finally, Peak Asset Management LLC increased its position in Canon by 1.6% in the third quarter. Peak Asset Management LLC now owns 71,294 shares of the company’s stock valued at $2,070,000 after buying an additional 1,097 shares during the last quarter. 1.49% of the stock is owned by hedge funds and other institutional investors.

About Canon

Canon Inc (Canon) is a manufacturer of office multifunction devices (MFDs), plain paper copying machines, laser printers, inkjet printers, cameras and lithography equipment. Canon sells its products principally under the Canon brand name and through sales subsidiaries. Each of these subsidiaries is responsible for marketing and distribution to retail dealers in an assigned territory.

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