CANON INC. ADRs $36 - New York symbol CAJ

CANON INC. ADRs $36 (New York symbol CAJ; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs outstanding: 1.2 billion; Market cap: $43.2 billion; Price-to-sales ratio: 1.4; Dividend yield: 4.1%; TSINetwork Rating: Above Average; www. canon.com) recently raised its revenue and earnings forecasts for 2013. However, that’s entirely due to the Bank of Japan’s recent moves to devalue the yen. The lower currency makes Canon’s printers, cameras and other products cheaper in other countries.

As well, more people are using their smartphone’s built-in camera to take pictures. That’s hurting sales of Canon’s low-priced compact cameras.

Canon is still a hold.

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