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Canon Inc. Message Board

  • neraiuchi neraiuchi Mar 13, 2006 10:27 AM Flag

    CAJ analyst ratings

    See a summary of japanese & foreign analyst ratings on Canon here:

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    • Reposting from March 13th: (note average analyst target is 8,000 yen, 10% above current PPS)

      Canon (CAJ) was a rated by a number of Japanese and foreign investment banks Monday. All of them maintained their prior ratings and target share prices; although you�ll see that their targets are all over the map and the weak yen (although good for Canon�s exports) is keeping downward pressure on Canon ADRs.

      The most ambitious target is by Deutsche Bank Securities, which maintains its buy rating with a target of 9,400 yen (this was increased from 8,200 on March 3rd).

      The low-end outlier is Credit Suisse, which is maintaining its neutral rating with a target of 7,000 yen.

      Canon�s ordinary shares (Tokyo: 7751) closed up 0.55% at 7,270 yen Monday in Tokyo. With the current exchange rate at Y119/US$1, a target of 9,400 is equal to US$79.00, a target of 7,000 is equal to $58.82, and its current share price of 7,270 equals $61.09. Canon ADRs are trading down 0.24% at $61.26 this morning.

      Analyst ratings [March 13, 2006]

      � Deutsche Bank Securities: Maintain �buy� with target of 9,400 yen
      � Nikko-Citi: Maintain �1″ (highest rating) with target of 8,400 yen
      � Mizuho Securities: Maintain �1″ with target of 8,000 yen
      � UBS: Maintain �1″ with target of 8,000 yen
      � Morgan Stanley: Maintain �overweight� with target of 7,900 yen
      � Credit Suisse: Maintain �neutral� with target of 7,000 yen
      � Goldman Sachs: Maintain �outperform�
      � Mitsubishi UFJ: Maintain �3″ (neutral)

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