Analysts Set Coveo Solutions Inc. (TSE:CVO) Price Target at C$10.60

Shares of Coveo Solutions Inc. (TSE:CVO) have earned a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$10.60.

Several research analysts have issued reports on the company. TD Securities dropped 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 report on Friday, January 30th. 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 report on Monday, November 3rd. National Bank Financial cut Coveo Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Finally, Stifel Nicolaus lowered their price target on shares of Coveo Solutions from C$15.00 to C$13.00 in a report on Friday, October 31st.

Coveo Solutions Stock Performance

TSE CVO opened at C$5.91 on Monday. The company has a market capitalization of C$556.28 million, a P/E ratio of -16.89, a P/E/G ratio of 0.09 and a beta of 1.17. The company has a debt-to-equity ratio of 5.36, a quick ratio of 3.14 and a current ratio of 1.85. Coveo Solutions has a 52-week low of C$4.92 and a 52-week high of C$9.53. The company has a fifty day moving average of C$6.55 and a 200-day moving average of C$7.33.

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

About Coveo Solutions

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.