Coveo Solutions (TSE:CVO) Upgraded at Scotiabank

Scotiabank upgraded shares of Coveo Solutions (TSE:CVO – Free Report) to a hold rating in a research note issued to investors on Tuesday morning,Zacks reports.

A number of other research analysts also recently commented on the company. TD boosted their target price on 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. Scotia set a C$5.00 price target on Coveo Solutions and gave the company a “sector perform” rating in a report on Tuesday. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$7.57.

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Coveo Solutions Trading Down 0.7%

Shares of TSE:CVO opened at C$4.44 on Tuesday. The firm has a fifty day moving average of C$4.33 and a two-hundred day moving average of C$4.33. The company has a quick ratio of 3.14, a current ratio of 1.39 and a debt-to-equity ratio of 17.00. Coveo Solutions has a 12-month low of C$3.59 and a 12-month high of C$8.94. The firm has a market capitalization of C$412.64 million, a P/E ratio of -22.20, a price-to-earnings-growth ratio of 0.09 and a beta of 1.40.

Coveo Solutions (TSE:CVO – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported C($0.09) earnings per share for the quarter. Coveo Solutions had a negative return on equity of 19.77% and a negative net margin of 12.74%.The company had revenue of C$54.77 million during the quarter. On average, equities analysts expect that Coveo Solutions will post -0.2144225 EPS for the current fiscal year.

About Coveo Solutions

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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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