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How to buy Canon stock in Canada | $23.97
Own Canon shares in just a few minutes.
Canon (CAJ) is a leading computer hardware business based in the US. It opened the day at $24.02 after a previous close of $24.16. During the day the price has varied from a low of $23.82 to a high of $24.02. The latest price was $23.97 (25 minute delay). Canon is listed on the NYSE and employs 181,897 staff. All prices are listed in US Dollars.
How to buy Canon stock in Canada
- Choose a platform. If you're a beginner, our stock trading table below can help you choose.
- Open your account. You'll need your ID, bank details and national insurance number.
- Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
- Search the platform for stock code: CAJ in this case.
- Research Canon stocks. The platform should provide the latest information available.
- Buy your Canon stocks. It's that simple.
What's in this guide?
- Can I buy shares in Canon?
- Has coronavirus impacted Canon shares?
- Canon shares summary
- Compare share dealing platforms
- Is Canon stock a buy or sell?
- Canon performance over time
- Can I short Canon shares?
- Are Canon shares over-valued?
- Canon's financials
- How volatile are Canon shares?
- Does Canon pay a dividend?
- Have Canon shares ever split?
- Other common questions
How has Coronavirus impacted Canon's stock price?
Since the stock market crash in March caused by coronavirus, Canon's stock price has had significant negative movement.
Its last market close was $23.89, which is 3.16% down on its pre-crash value of $24.67 and 24.88% up on the lowest point reached during the March crash when the stocks fell as low as $19.13.
If you had bought $1,000 worth of Canon stocks at the start of February 2020, those stocks would have been worth $765.33 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $904.24.
Canon stock priceUse our graph to track the performance of CAJ stocks over time.
Canon stocks at a glance
|52-week range||$15.1591 - $25.94|
|50-day moving average||$23.6417|
|200-day moving average||$21.9113|
|Wall St. target price||$25.71|
|Dividend yield||$80 (4.89%)|
|Earnings per share (TTM)||$0.926|
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Note: The dollar amounts in the table below are in Canadian dollars.
Is it a good time to buy Canon stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Canon price performance over time
|1 month (2021-05-14)||2.70%|
|3 months (2021-03-12)||10.41%|
|6 months (2020-12-11)||22.17%|
|1 year (2020-06-12)||15.13%|
|2 years (2019-06-13)||-17.26%|
|3 years (2018-06-13)||-29.33%|
|5 years (2016-06-13)||-15.36%|
Is Canon under- or over-valued?
Valuing Canon stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Canon's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Canon's P/E ratio
Canon's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 26x. In other words, Canon stocks trade at around 26x recent earnings.
That's comparable to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29).
Canon's PEG ratio
Canon's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.9307. A low ratio can be interpreted as meaning the stocks offer better value, while a higher ratio can be interpreted as meaning the stocks offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Canon's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.
Canon's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$387.3 billion.
The EBITDA is a measure of a Canon's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$3,220.6 billion|
|Operating margin TTM||5.04%|
|Gross profit TTM||USD$1,375.9 billion|
|Return on assets TTM||2.16%|
|Return on equity TTM||4.3%|
|Market capitalisation||USD$25.3 billion|
TTM: trailing 12 months
How to short and sell Canon stocks
- Create a CFD or spread betting account.
- Search for the stock code. E.g. "CAJ.US"
- Choose your position size.
- Select "sell" rather than "buy".
- Confirm your position and keep tabs on it. You may wish to set limits on your position.
There are currently 840,708 Canon stocks held short by investors – that's known as Canon's "short interest". This figure is 4.7% down from 882,065 last month.
There are a few different ways that this level of interest in shorting Canon stocks can be evaluated.
Canon's "short interest ratio" (SIR)
Canon's "short interest ratio" (SIR) is the quantity of Canon stocks currently shorted divided by the average quantity of Canon stocks traded daily (recently around 231600). Canon's SIR currently stands at 3.63. In other words for every 100,000 Canon stocks traded daily on the market, roughly 3630 stocks are currently held short.
However Canon's short interest can also be evaluated against the total number of Canon stocks, or, against the total number of tradable Canon stocks (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Canon's short interest could be expressed as 0% of the outstanding stocks (for every 100,000 Canon stocks in existence, roughly 0 stocks are currently held short) or 0% of the tradable stocks (for every 100,000 tradable Canon stocks, roughly 0 stocks are currently held short).
Such a low SIR usually points to an optimistic outlook for the stock price, with fewer people currently willing to bet against Canon.
Find out more about how you can short Canon stock.
Canon stock dividends
Dividend payout ratio: 79.2% of net profits
Recently Canon has paid out, on average, around 79.2% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.03% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Canon shareholders could enjoy a 3.03% return on their shares, in the form of dividend payments. In Canon's case, that would currently equate to about $80 per share.
Canon's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
Canon's most recent dividend payout was on 6 April 2017. The latest dividend was paid out to all shareholders who bought their stocks by 28 December 2020 (the "ex-dividend date").
Have Canon stocks ever split?
Canon stocks were split on a 3:2 basis on 27 August 2006. So if you had owned 2 shares the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your Canon stocks – just the quantity. However, indirectly, the new 33.3% lower stock price could have impacted the market appetite for Canon stocks which in turn could have impacted Canon's stock price.
Canon stock price volatility
Over the last 12 months, Canon's stocks have ranged in value from as little as $15.1591 up to $25.94. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a stocks volatility in relation to the market. The market (NYSE average) beta is 1, while Canon's is 0.5788. This would suggest that Canon's stocks are less volatile than average (for this exchange).
Canon Inc. manufactures and sells office multifunction devices (MFDs), plain paper copying machines, laser and inkjet printers, cameras, diagnostic equipment, and lithography equipment. The company operates through four segments: Office Business Unit, Imaging System Business Unit, Medical System Business Unit, and Industry and Others Business Unit. The Office Business Unit segment offers office MFDs, printers, and copying machines for personal and office use; production print products for print professionals; and laser multifunction and laser printers, digital continuous feed presses, digital sheet-fed presses, wide-format printers, and document solutions, as well as software, services, and solutions. The Imaging System Business Unit segment provides interchangeable-lens digital cameras, digital compact cameras, interchangeable lenses, compact photo printers, inkjet printers, large format inkjet printers, commercial photo printers, image scanners, and calculators. The Medical System Business Unit segment offers digital radiography systems, diagnostic X-ray systems, computed tomography systems, magnetic resonance imaging systems, diagnostic ultrasound systems, clinical chemistry analyzers, and ophthalmic equipment. The Industry and Others Business Unit segment provides semiconductor lithography equipment, flat panel display lithography equipment, vacuum thin-film deposition equipment, organic light-emitting diode panel manufacturing equipment, die bonders, network cameras, digital camcorders, digital cinema cameras, multimedia projectors, broadcast equipment, micromotors, handy terminals, and document scanners. The company also provides maintenance services; and supplies replacement drums, parts, toners, and papers. It sells its products under the Canon brand through subsidiaries or independent distributors to dealers and retail outlets, as well as directly to end-users globally. Canon Inc. was founded in 1933 and is headquartered in Tokyo, Japan.
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