Coveo Solutions (TSE:CVO – Get Free Report) had its price objective cut by equities research analysts at BMO Capital Markets from C$10.00 to C$6.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ target price indicates a potential upside of 60.43% from the stock’s previous close.
A number of other research firms also recently issued reports on CVO. National Bank Financial decreased 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 report on Wednesday. TD Securities cut their price target 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. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Coveo Solutions has a consensus rating of “Moderate Buy” and an average price target of C$9.07.
Check Out Our Latest Report on CVO
Coveo Solutions Stock Down 19.7%
Coveo Solutions (TSE:CVO – Get Free Report) last posted its quarterly earnings data on Wednesday, May 27th. The company reported C($0.03) earnings per share (EPS) for the quarter. The firm had revenue of C$54.02 million during the quarter. Coveo Solutions had a negative return on equity of 28.39% and a negative net margin of 22.49%. As a group, analysts expect 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.
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