BMO Capital Markets Cuts Coveo Solutions (TSE:CVO) Price Target to C$10.00

Coveo Solutions (TSE:CVO) had its target price lowered by BMO Capital Markets from C$10.50 to C$10.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports.

A number of other equities analysts also recently issued reports on CVO. TD Securities lowered their price objective on Coveo Solutions from C$12.00 to C$11.00 and set a buy rating for the company in a research report on Thursday. Eight Capital lowered their target price on Coveo Solutions from C$16.00 to C$13.50 and set a buy rating for the company in a report on Tuesday, June 4th. Stifel Nicolaus lowered their target price on Coveo Solutions from C$15.00 to C$12.00 and set a buy rating for the company in a report on Tuesday, June 4th. National Bankshares lowered their target price on Coveo Solutions from C$14.00 to C$10.00 and set an outperform rating for the company in a report on Tuesday, June 4th. Finally, Royal Bank of Canada lowered their target price on Coveo Solutions from C$15.00 to C$13.00 and set an outperform rating for the company in a report on Wednesday, June 5th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of Buy and a consensus target price of C$10.94.

Coveo Solutions Price Performance

Coveo Solutions stock opened at C$5.91 on Thursday. The company has a current ratio of 1.71, a quick ratio of 3.14 and a debt-to-equity ratio of 6.05. The company has a market capitalization of C$318.14 million, a PE ratio of -19.70, a P/E/G ratio of 0.09 and a beta of 0.77. Coveo Solutions has a 12 month low of C$5.73 and a 12 month high of C$12.48. The stock has a 50-day moving average price of C$7.20 and a two-hundred day moving average price of C$8.79.

Coveo Solutions (TSE:CVO) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.04). Coveo Solutions had a negative return on equity of 13.95% and a negative net margin of 17.81%. The company had revenue of C$44.08 million for the quarter, compared to the consensus estimate of C$43.87 million. Analysts expect that Coveo Solutions will post -0.2144225 EPS for the current year.

Coveo Solutions Company Profile

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.