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How to buy Canon stock in Canada | $22.08
Own Canon shares in just a few minutes.
Canon is a computer hardware business based in the US. Canon stocks (CAJ.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $22.31 – a decrease of 11.68% over the previous week. Canon employs 181,897 staff and has a trailing 12-month revenue of around $3.4 trillion.
How to buy shares in Canon
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – CAJ – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
- Check in on your investment. Optimize your portfolio by tracking your stock.
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.
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 $22.08, which is 10.50% down on its pre-crash value of $24.67 and 15.42% 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 $835.73.
Canon stock priceUse our graph to track the performance of CAJ stocks over time.
Canon shares at a glance
|Latest market close||$22.08|
|52-week range||$16.50 - $25.49|
|50-day moving average||$24.48|
|200-day moving average||$23.78|
|Wall St. target price||$28.09|
|Dividend yield||$85 (4.78%)|
|Earnings per share (TTM)||$1.48|
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Note: The dollar amounts in the table below are in Canadian dollars.
Canon price performance over time
|1 week (2021-10-21)||-11.68%|
|1 month (2021-09-28)||-10.86%|
|3 months (2021-07-28)||-6.12%|
|6 months (2021-04-28)||-7.38%|
|1 year (2020-10-28)||26.75%|
|2 years (2019-10-28)||-14.88%|
|3 years (2018-10-26)||28.41|
|5 years (2016-10-28)||28.41|
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 17x. In other words, Canon shares trade at around 17x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
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 shares offer better value, while a higher ratio can be interpreted as meaning the shares 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 share prices of multiple high-growth companies.
Canon's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $484.5 billion.
The EBITDA is a measure of a Canon's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$3,429.2 billion|
|Operating margin TTM||7.53%|
|Gross profit TTM||$1,375.9 billion|
|Return on assets TTM||3.43%|
|Return on equity TTM||6.68%|
|Market capitalisation||$26.3 billion|
TTM: trailing 12 months
Shorting Canon shares
There are currently 1.3 million Canon shares held short by investors – that's known as Canon's "short interest". This figure is 38.5% up from 969,395 last month.
There are a few different ways that this level of interest in shorting Canon shares can be evaluated.
Canon's "short interest ratio" (SIR)
Canon's "short interest ratio" (SIR) is the quantity of Canon shares currently shorted divided by the average quantity of Canon shares traded daily (recently around 288780.21505376). Canon's SIR currently stands at 4.65. In other words for every 100,000 Canon shares traded daily on the market, roughly 4650 shares are currently held short.
However Canon's short interest can also be evaluated against the total number of Canon shares, or, against the total number of tradable Canon shares (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 shares (for every 100,000 Canon shares in existence, roughly 0 shares are currently held short) or 0.0013% of the tradable shares (for every 100,000 tradable Canon shares, roughly 1 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Canon.
Canon share dividends
Dividend payout ratio: 49.58% of net profits
Recently Canon has paid out, on average, around 49.58% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.06% 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 3.06% return on their shares, in the form of dividend payments. In Canon's case, that would currently equate to about $85 per share.
While Canon's payout ratio might seem fairly standard, it's worth remembering that Canon may be investing much of the rest of its net profits in future growth.
Canon's most recent dividend payout was on 7 April 2017. The latest dividend was paid out to all shareholders who bought their shares by 28 June 2021 (the "ex-dividend date").
Have Canon's shares ever split?
Canon's shares were split on a 3:2 basis on 28 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 shares – just the quantity. However, indirectly, the new 33.3% lower share price could have impacted the market appetite for Canon shares which in turn could have impacted Canon's share price.
Canon share price volatility
Over the last 12 months, Canon's shares have ranged in value from as little as $16.5045 up to $25.4889. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Canon's is 0.5397. This would suggest that Canon's shares 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.
Frequently asked questions
Canon in the news
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Canon is Now Oversold (CAJ)
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