Coveo Solutions Inc. (TSE:CVO – Get Free Report) shares reached a new 52-week high on Monday after BMO Capital Markets raised their price target on the stock from C$12.90 to C$13.50. BMO Capital Markets currently has an outperform rating on the stock. Coveo Solutions traded as high as C$11.21 and last traded at C$11.15, with a volume of 16554 shares. The stock had previously closed at C$11.21.
Other equities research analysts also recently issued reports about the company. Eight Capital upped their target price on Coveo Solutions from C$12.00 to C$13.50 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. National Bankshares increased their price objective on Coveo Solutions from C$11.00 to C$14.00 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. UBS Group cut their price objective on Coveo Solutions from C$10.00 to C$7.50 in a research report on Wednesday, May 31st. Stifel Nicolaus set a C$14.00 price objective on Coveo Solutions and gave the company a “buy” rating in a research report on Thursday, August 24th. Finally, Royal Bank of Canada increased their price objective on Coveo Solutions from C$11.00 to C$13.00 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, Coveo Solutions presently has a consensus rating of “Buy” and an average target price of C$12.56.
Coveo Solutions Price Performance
Coveo Solutions (TSE:CVO – Get Free Report) last released its earnings results on Tuesday, August 8th. The company reported C($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.06) by C($0.03). The business had revenue of C$41.01 million during the quarter, compared to analysts’ expectations of C$39.62 million. Coveo Solutions had a negative net margin of 29.44% and a negative return on equity of 15.93%. On average, equities analysts expect that Coveo Solutions Inc. will post -0.2144225 earnings per share for the current year.
Coveo Solutions Company Profile
Coveo Solutions Inc provides applied artificial intelligence (AI) solutions. Its cloud-native, multi-tenant software as a service (SaaS) platform is the intelligence layer that injects search, recommendations, and personalization solutions into digital experiences to provide connected relevance for various-use cases across commerce, service, website, and workplace applications.
- Five stocks we like better than Coveo Solutions
- Investing in Vaccines 101: How to Invest in Vaccine Stocks
- An Electrifying New Upgrade for Tesla Leads the Market Higher
- How to Invest in Biotech Stocks
- Oil Jumps, 2 Plastic Stocks About To Become Value Plays
- What is the Shanghai Stock Exchange Composite Index?
- The Top 5 Analysts Calls in September
Receive News & Ratings for Coveo Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coveo Solutions and related companies with MarketBeat.com's FREE daily email newsletter.