Coveo Solutions Inc. (TSE:CVO) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Coveo Solutions Inc. (TSE:CVOGet Free Report) have received an average rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$9.07.

A number of analysts have weighed in on the company. BMO Capital Markets cut their price target on Coveo Solutions from C$10.00 to C$6.00 and set an “outperform” rating for the company in a research note on Thursday. TD cut their price target on Coveo Solutions from C$9.50 to C$6.50 and set a “buy” rating for the company in a research note on Thursday. TD Securities cut their price target on Coveo Solutions from C$12.00 to C$9.50 and set a “buy” rating for the company in a research note on Friday, January 30th. Finally, National Bank Financial cut their price target 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.

View Our Latest Analysis on CVO

Coveo Solutions Stock Performance

TSE:CVO traded down C$0.93 during mid-day trading on Thursday, reaching C$3.73. 2,453,757 shares of the stock were exchanged, compared to its average volume of 236,094. The company has a 50 day simple moving average of C$4.43 and a 200-day simple moving average of C$5.53. The stock has a market capitalization of C$351.09 million, a P/E ratio of -10.66, a P/E/G 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 1 year low of C$3.59 and a 1 year high of C$9.53.

Coveo Solutions (TSE:CVOGet Free Report) last released its quarterly earnings results 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 for the quarter. Coveo Solutions had a negative return on equity of 28.39% and a negative net margin of 22.49%. Analysts anticipate that Coveo Solutions will post -0.2144225 earnings per share for the current fiscal year.

About Coveo Solutions

(Get Free Report)

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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Analyst Recommendations for Coveo Solutions (TSE:CVO)

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