Is Canon Inc. ADR (NYSE:CAJ) a double edged-sword?


Canon Inc. ADR (NYSE:CAJ) said its revenue at the end of the latest quarter were 972.76B%, up 0.18%% from a corresponding period a year earlier.

Since Canon Inc. ADR incurred expenses of $504.42B to generate the revenue, its gross income in the quarter was $468.34B. After deducting other operating expenses such salaries from the gross income, it ended up with a net income that gave it EPS of $50.44.

Recently, Canon Inc. (NYSE:CAJ) announced the launch of new industrial configurations for the Océ Arizona 6100 Series, the company’s flagship flatbed printers designed for industry-leading print providers producing 300,000 – 2,000,000 square feet of rigid media per year. Developed to address the short run corrugated packaging and temporary POP (Point of Purchase) display market, the new High Flow Vacuum configuration makes the Océ Arizona 6100 Series ideal for dynamic, versatile large format printing applications.

Let?s look into the technical of the stock

The Barchart Technical Opinion rating is a 88% Buy with a Strengthening short term outlook on maintaining the current direction. Longer term, the trend strength is Maximum. Long term indicators fully support a continuation of the trend. The market is approaching overbought territory. Be watchful of a trend reversal.

The reported EPS resulted from dividing the net income with the number of outstanding shares. Investors should keep in mind that Canon Inc. ADR finished the quarter with diluted outstanding shares of 1.09B.

For the next quarter, though, the analysts on Wall Street are expecting EPS of $0.29 from Canon Inc. ADR.

Canon Inc. ADR finished the most recent quarter with a cash balance of 654.65B%. It generated net cash flow of $167.42B from operations, yielding free cash flow of $123.8B for the quarter.

With that, the company concluded the quarter with total assets worth $5.11T. It also reported total debt of 37.22B%, with the debt having increased/decreased by falling from the previous quarter. Canon Inc. ADR booked total liabilities of $2.19T in the latest quarter.

Analysts who have commented on Canon Inc. ADR so far have an average recommendation of Hold on its stock. What does that mean? A recommendation in the range of 1.00 – 1.24 indicates that a stock is a BUY. A recommendation in the band of 1.75 – 2.24 suggests a stock is a HOLD, and a recommendation in the range of 2.75 – 3.00 implies a stock is a SELL. So that tells you the perception of Canon Inc. ADR on Wall Street.

However, outside BUY, HOLD and SELL, other available analyst recommendations are OVERWEIGHT and UNDERWEIGHT, represented by numbers in the range of 1.25 – 1.74 and 2.25 – 2.74, respectively.

Analysts on the average are also predicting that shares of Canon Inc. ADR will be trading at $31.23 in the next 12 months.

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