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

Coveo Solutions Inc. (TSE:CVO) has been assigned a consensus recommendation of “Buy” from the eight brokerages that are covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a buy recommendation. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$13.75.

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus raised their price target on Coveo Solutions from C$14.00 to C$15.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Scotiabank upped their price target on shares of Coveo Solutions from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Eight Capital increased their price objective on shares of Coveo Solutions from C$13.50 to C$16.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Royal Bank of Canada boosted their target price on shares of Coveo Solutions from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Finally, TD Securities increased their price target on shares of Coveo Solutions from C$13.50 to C$15.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th.

Coveo Solutions Stock Up 1.4 %

Shares of TSE:CVO opened at C$8.86 on Friday. The company has a market capitalization of C$472.42 million, a PE ratio of -22.72, a P/E/G ratio of 0.09 and a beta of 1.05. The company has a debt-to-equity ratio of 5.37, a quick ratio of 3.14 and a current ratio of 2.44. The company’s fifty day moving average is C$10.11 and its 200-day moving average is C$10.08. Coveo Solutions has a 52 week low of C$6.02 and a 52 week high of C$12.48.

Coveo Solutions (TSE:CVO) last released its quarterly earnings results on Monday, February 5th. The company reported C($0.08) EPS for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.04). The firm had revenue of C$43.24 million during the quarter, compared to analyst estimates of C$43.26 million. Coveo Solutions had a negative net margin of 21.85% and a negative return on equity of 13.31%. Equities research analysts predict that Coveo Solutions will post -0.2144225 earnings per share for the current fiscal year.

About Coveo Solutions

Coveo Solutions Inc provides AI platforms that enable individualized, connected, and trusted digital experiences. The Relevance Cloud platform, an AI solution that integrates AI search, recommendations, GenAI answering, AI models, and analytics across various digital domains; and is designed for scale, security, and compliance and integrates into enterprise ecosystems as a cloud-native SaaS, multi-tenant, API-first, and headless platform.