Stifel Nicolaus Cuts Coveo Solutions (TSE:CVO) Price Target to C$9.00

Coveo Solutions (TSE:CVO) had its target price cut by equities research analysts at Stifel Nicolaus from C$11.00 to C$9.00 in a report released on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 116.35% from the company’s current price.

A number of other equities analysts have also recently issued reports on CVO. BMO Capital Markets lowered their target price on Coveo Solutions from C$10.00 to C$6.00 and set an “outperform” rating for the company in a report on Thursday. National Bank Financial lowered their target price on Coveo Solutions from C$7.00 to C$5.50 and set a “sector perform” rating for the company in a report on Wednesday. TD Securities lowered their target price on Coveo Solutions from C$12.00 to C$9.50 and set a “buy” rating for the company in a report on Friday, January 30th. Finally, TD lowered their target price on Coveo Solutions from C$9.50 to C$6.50 and set a “buy” rating for the company in a report on Thursday. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$8.50.

Coveo Solutions Price Performance

Shares of TSE:CVO traded up C$0.42 during trading on Friday, reaching C$4.16. 544,383 shares of the company traded hands, compared to its average volume of 241,647. The company’s 50 day moving average is C$4.41 and its two-hundred day moving average is C$5.51. The firm has a market capitalization of C$391.56 million, a PE ratio of -11.89, a PEG ratio of 0.09 and a beta of 1.33. The company has a quick ratio of 3.14, a current ratio of 1.47 and a debt-to-equity ratio of 16.61. Coveo Solutions has a 52 week low of C$3.59 and a 52 week high of C$9.53.

Coveo Solutions (TSE:CVO) last released its earnings results on Wednesday, May 27th. The company reported C($0.03) earnings per share for the quarter. Coveo Solutions had a negative net margin of 22.49% and a negative return on equity of 28.39%. The company had revenue of C$54.02 million for the quarter. As a group, sell-side analysts predict that Coveo Solutions will post -0.2144225 earnings per share for the current 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.