Coveo Solutions Inc. (TSE:CVO) Receives C$8.50 Average Price Target from Brokerages

Shares of Coveo Solutions Inc. (TSE:CVO) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$8.50.

A number of equities analysts recently issued reports on CVO shares. Stifel Nicolaus dropped their price objective on shares of Coveo Solutions from C$11.00 to C$9.00 and set a “buy” rating on the stock in a report on Friday, May 29th. National Bank Financial reduced their price objective on Coveo Solutions from C$7.00 to C$5.50 and set a “sector perform” rating for the company in a research note on Wednesday, May 27th. BMO Capital Markets decreased their target price on Coveo Solutions from C$10.00 to C$6.00 and set an “outperform” rating on the stock in a report on Thursday, May 28th. Finally, TD lowered their target price on Coveo Solutions from C$9.50 to C$6.50 and set a “buy” rating on the stock in a research report on Thursday, May 28th.

Coveo Solutions Stock Performance

Shares of CVO opened at C$4.26 on Friday. The stock has a 50-day moving average of C$4.30 and a 200-day moving average of C$5.04. The company has a debt-to-equity ratio of 16.57, a current ratio of 1.42 and a quick ratio of 3.14. The company has a market cap of C$398.19 million, a PE ratio of -14.20, a P/E/G ratio of 0.09 and a beta of 1.57. Coveo Solutions has a one year low of C$3.59 and a one year high of C$9.53.

Coveo Solutions (TSE:CVO) last posted its quarterly earnings results on Wednesday, May 27th. The company reported C($0.03) EPS for the quarter. Coveo Solutions had a negative net margin of 19.27% and a negative return on equity of 26.89%. The firm had revenue of C$54.02 million for the quarter. On average, equities research analysts predict that Coveo Solutions will post -0.2144225 EPS for the current fiscal year.

Coveo Solutions Company Profile

Coveo brings superior AI-Relevance to every point-of-experience, transforming how enterprises connect with their customers and employees to maximize business outcomes. Relevance is about moving from persona to person, the degree to which the enterprise-wide content, products, recommendations, and advice presented to a person online aligns easily with their context, needs, preferences, behavior and intent, setting the competitive experience gold standard. Every person’s journey is unique, and only AI can solve the complexity of tailoring experiences across massive, diverse audiences and large volumes and variety of content and products.