Time New York: Wed 07 Dec 11:18 am  |  Save 15% on H&R Block Online

  
caticonslite_bm_alt

Is Canon (CAJ) Stock A Great Combo of Value and Growth?

Zacks

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.

Canon in Focus

CAJ may be an interesting play thanks to its forward PE of 15.43, its P/S ratio of 1, and its decent dividend yield of 4.6%. 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 30.7% in the past 30 days, thanks to 2 upward revisions in the past one month compared to none lower.

This estimate strength is actually enough to push CAJ to a Zacks Rank #1 (Strong Buy), suggesting it is poised to outperform.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

So really, Canon is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.

Confidential from Zacks

Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>


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

To read this article on Zacks.com click here.
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.

AutoBlogged