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

Coveo Solutions Inc. (TSE:CVO) has received a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$8.00.

A number of analysts recently issued reports on CVO shares. Stifel Nicolaus lowered their target price on Coveo Solutions from C$11.00 to C$9.00 and set a “buy” rating for the company in a research note on Friday, May 29th. TD lifted their price target on shares of Coveo Solutions from C$6.50 to C$7.00 and gave the company a “buy” rating in a research note on Friday, July 31st. BMO Capital Markets reduced their price target on shares of Coveo Solutions from C$10.00 to C$6.00 and set an “outperform” rating for the company in a report on Thursday, May 28th. Finally, National Bank Financial lowered their price objective on shares of Coveo Solutions from C$7.00 to C$5.50 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th.

Coveo Solutions Stock Performance

CVO stock opened at C$4.27 on Friday. Coveo Solutions has a 1-year low of C$3.59 and a 1-year high of C$9.53. The company has a current ratio of 1.39, a quick ratio of 3.14 and a debt-to-equity ratio of 17.00. The firm has a market cap of C$396.84 million, a PE ratio of -21.35, a P/E/G ratio of 0.09 and a beta of 1.48. The business’s 50-day moving average price is C$4.37 and its two-hundred day moving average price is C$4.52.

Coveo Solutions (TSE:CVO) last announced its quarterly earnings results on Thursday, July 30th. The company reported C($0.09) earnings per share (EPS) for the quarter. Coveo Solutions had a negative return on equity of 19.77% and a negative net margin of 12.74%.The business had revenue of C$54.77 million during the quarter. As a group, research analysts forecast that Coveo Solutions will post -0.2144225 earnings per share for the current year.

About Coveo Solutions

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.