Coveo Solutions Inc. (TSE:CVO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Coveo Solutions Inc. (TSE:CVO) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$11.10.

Several equities research analysts recently issued reports on CVO shares. Stifel Nicolaus lowered their price objective on Coveo Solutions from C$15.00 to C$13.00 in a report on Friday, October 31st. Canaccord Genuity Group decreased their target price on Coveo Solutions from C$13.00 to C$11.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Finally, Natl Bk Canada lowered Coveo Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd.

Coveo Solutions Trading Up 0.4%

TSE CVO opened at C$6.81 on Friday. The company has a 50 day moving average price of C$6.38 and a 200 day moving average price of C$7.69. Coveo Solutions has a 52 week low of C$4.92 and a 52 week high of C$9.53. The firm has a market cap of C$652.96 million, a PE ratio of -29.61, a price-to-earnings-growth ratio of 0.09 and a beta of 0.60. The company has a quick ratio of 3.14, a current ratio of 1.85 and a debt-to-equity ratio of 5.36.

Coveo Solutions (TSE:CVO) last issued its quarterly earnings results on Thursday, October 30th. The company reported C($0.05) EPS for the quarter. The company had revenue of C$51.99 million during the quarter. Coveo Solutions had a negative return on equity of 7.97% and a negative net margin of 8.74%. As a group, sell-side analysts forecast that Coveo Solutions will post -0.2144225 EPS for the current fiscal 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.