Jefferies Sticks to Its Hold Rating for Canon Inc. (7751)
In a report released on January 16, Masahiro Nakanomyo from Jefferies maintained a Hold rating on Canon Inc., with a price target of Yen4,500.00. The company’s shares closed today at Yen4,733.00.
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Nakanomyo covers the Technology sector, focusing on stocks such as Lasertec, SCREEN Holdings Co, and Horiba. According to TipRanks, Nakanomyo has an average return of 21.2% and a 62.50% success rate on recommended stocks.
Currently, the analyst consensus on Canon Inc. is a Hold with an average price target of Yen4,600.00.
Based on Canon Inc.’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of Yen1104324000 thousand and a net profit of Yen63.67 billion. In comparison, last year the company earned a revenue of Yen1079806000 thousand and had a net profit of Yen68.76 billion
