Back to top

Is Canon (CAJ) Stock A Great Combo of Value and Growth?
July 02, 2014

Read MoreHide Full Article
Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends?

Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Canon Inc. (CAJ - Free Report) .

Canon in Focus    

CAJ may be an interesting play thanks to its forward PE of 15.98, its P/S ratio of 1.0, and its decent dividend yield of 3.42%. These factors suggest that Canon is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that CAJ has decent revenue metrics to back up its earnings.

But before you think that Canon is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 1.5% in the past 30 days.

This estimate strength is actually enough to push CAJ to a Zacks Rank #2 (Buy), suggesting it is poised to outperform. So really, Canon is looking great from a number of angles thanks to its PE below 20, a P/S ratio equal to one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.   

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Canon, Inc. (CAJ) - free report >>

More from Zacks Tale of the Tape

You May Like