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

Coveo Solutions Inc. (TSE:CVO) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$10.60.

Several brokerages have commented on CVO. TD Securities cut their target price on Coveo Solutions from C$12.00 to C$9.50 and set a “buy” rating on the stock in a research note on Friday, January 30th. Natl Bk Canada cut Coveo Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Canaccord Genuity Group reduced their price objective on 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 lowered their target price on shares of Coveo Solutions from C$15.00 to C$13.00 in a research note on Friday, October 31st.

Coveo Solutions Stock Up 0.5%

TSE:CVO opened at C$5.70 on Monday. The company has a debt-to-equity ratio of 5.36, a quick ratio of 3.14 and a current ratio of 1.85. The firm has a market cap of C$536.52 million, a P/E ratio of -16.29, a P/E/G ratio of 0.09 and a beta of 1.17. Coveo Solutions has a fifty-two week low of C$4.92 and a fifty-two week high of C$9.53. The firm has a 50-day simple moving average of C$6.56 and a two-hundred day simple moving average of C$7.38.

Coveo Solutions (TSE:CVO) last posted its quarterly earnings results on Thursday, January 29th. The company reported C($0.11) EPS for the quarter. Coveo Solutions had a negative net margin of 8.74% and a negative return on equity of 7.97%. The firm had revenue of C$52.18 million for the quarter. Analysts predict that Coveo Solutions will post -0.2144225 earnings per share 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.