Analysts Set Coveo Solutions Inc. (TSE:CVO) PT at C$11.10

Shares of Coveo Solutions Inc. (TSE:CVO) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$11.10.

CVO has been the subject of several research reports. Natl Bk Canada cut Coveo Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Canaccord Genuity Group cut their price target on shares of Coveo Solutions from C$13.00 to C$11.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Finally, Stifel Nicolaus reduced their price objective on shares of Coveo Solutions from C$15.00 to C$13.00 in a research report on Friday, October 31st.

Coveo Solutions Price Performance

Shares of CVO opened at C$5.84 on Wednesday. Coveo Solutions has a 12 month low of C$4.92 and a 12 month high of C$9.53. The company has a debt-to-equity ratio of 5.36, a current ratio of 1.85 and a quick ratio of 3.14. The stock has a fifty day moving average price of C$6.92 and a 200 day moving average price of C$7.76. The company has a market cap of C$559.96 million, a P/E ratio of -25.39, a PEG ratio of 0.09 and a beta of 0.60.

Coveo Solutions (TSE:CVO) last posted its earnings results on Thursday, October 30th. The company reported C($0.05) earnings per share (EPS) for the quarter. The company had revenue of C$51.99 million during the quarter. Coveo Solutions had a negative net margin of 8.74% and a negative return on equity of 7.97%. On average, research analysts forecast that Coveo Solutions will post -0.2144225 earnings per share for the current year.

Coveo Solutions Company Profile

Coveo Solutions Inc is an AI-powered platform. It provides applied AI solutions enabling enterprises to deliver relevant digital experiences at scale. The company’s solutions provide value to its customers by helping drive revenue growth, reduce customer support costs, increase customer satisfaction and website engagement, and improve employee proficiency and satisfaction.