Coveo Solutions Inc. (TSE:CVO) Receives Average Rating of “Moderate Buy” from Analysts

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

A number of research analysts recently issued reports on the stock. Canaccord Genuity Group dropped their target price on shares of 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. Natl Bk Canada cut shares of Coveo Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Finally, Stifel Nicolaus decreased their target price on Coveo Solutions from C$15.00 to C$13.00 in a research report on Friday, October 31st.

Coveo Solutions Stock Down 0.1%

Shares of Coveo Solutions stock opened at C$6.73 on Thursday. The stock’s 50-day moving average is C$6.36 and its 200 day moving average is C$7.62. Coveo Solutions has a one year low of C$4.92 and a one year high of C$9.53. The firm has a market cap of C$645.29 million, a price-to-earnings ratio of -29.26, a PEG ratio of 0.09 and a beta of 1.16. The company has a debt-to-equity ratio of 5.36, a current ratio of 1.85 and a quick ratio of 3.14.

Coveo Solutions (TSE:CVO) last issued its quarterly earnings results on Thursday, October 30th. The company reported C($0.05) earnings per share (EPS) for the quarter. The business 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%. Equities research analysts anticipate that Coveo Solutions will post -0.2144225 EPS 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.