Coveo Solutions Inc. (TSE:CVO) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Coveo Solutions Inc. (TSE:CVO) have been assigned an average rating of “Buy” from the eight analysts that are covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$13.75.

A number of research analysts recently issued reports on CVO shares. Royal Bank of Canada lifted their price target on Coveo Solutions from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. TD Securities lifted their price target on Coveo Solutions from C$13.50 to C$15.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Scotiabank lifted their price objective on Coveo Solutions from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Stifel Nicolaus lifted their price objective on Coveo Solutions from C$14.00 to C$15.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Finally, Eight Capital lifted their price objective on Coveo Solutions from C$13.50 to C$16.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st.

Coveo Solutions Stock Down 2.6 %

Shares of TSE CVO opened at C$9.03 on Friday. The stock has a market cap of C$481.48 million, a PE ratio of -23.15, a PEG ratio of 0.09 and a beta of 1.05. The business has a fifty day moving average of C$10.33 and a two-hundred day moving average of C$10.13. Coveo Solutions has a 52-week low of C$6.02 and a 52-week high of C$12.48. The company has a debt-to-equity ratio of 5.37, a quick ratio of 3.14 and a current ratio of 2.44.

Coveo Solutions (TSE:CVO) last issued its quarterly earnings data on Monday, February 5th. The company reported C($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.04). The company had revenue of C$43.24 million for the quarter, compared to the consensus estimate of C$43.26 million. Coveo Solutions had a negative net margin of 21.85% and a negative return on equity of 13.31%. As a group, equities research analysts expect that Coveo Solutions will post -0.2144225 earnings per share for the current fiscal year.

About Coveo Solutions

Coveo Solutions Inc provides AI platforms that enable individualized, connected, and trusted digital experiences. The Relevance Cloud platform, an AI solution that integrates AI search, recommendations, GenAI answering, AI models, and analytics across various digital domains; and is designed for scale, security, and compliance and integrates into enterprise ecosystems as a cloud-native SaaS, multi-tenant, API-first, and headless platform.