J.P. Morgan Remains a Hold on Canon Inc. (7751)
J.P. Morgan analyst Junya Ayada maintained a Hold rating on Canon Inc. today and set a price target of Yen4,400.00. The company’s shares closed today at Yen4,289.00.
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Ayada covers the Technology sector, focusing on stocks such as Fujitsu, NEC, and Panasonic. According to TipRanks, Ayada has an average return of 16.1% and an 80.77% success rate on recommended stocks.
Canon Inc. has an analyst consensus of Hold, with a price target consensus of Yen4,387.50, a 2.30% upside from current levels. In a report released on July 26, TR | OpenAI – 4o also downgraded the stock to a Hold with a Yen4,424.00 price target.
Based on Canon Inc.’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of Yen1058396000 thousand and a net profit of Yen72.23 billion. In comparison, last year the company earned a revenue of Yen988.52 billion and had a net profit of Yen59.95 billion
