Stifel Nicolaus Cuts Coveo Solutions (TSE:CVO) Price Target to C$9.00

Coveo Solutions (TSE:CVO) had its price target lowered by equities research analysts at Stifel Nicolaus from C$11.00 to C$9.00 in a research note issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 116.35% from the stock’s current price.

Several other equities analysts have also recently weighed in on the stock. BMO Capital Markets decreased their target price on shares of 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 Securities decreased their target price on Coveo Solutions from C$12.00 to C$9.50 and set a “buy” rating on the stock in a report on Friday, January 30th. TD decreased their target price on Coveo Solutions from C$9.50 to C$6.50 and set a “buy” rating on the stock in a report on Thursday. Finally, National Bank Financial decreased their target price on Coveo Solutions from C$7.00 to C$5.50 and set a “sector perform” rating on the stock in a report on Wednesday. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$8.50.

Coveo Solutions Stock Up 11.2%

Shares of Coveo Solutions stock traded up C$0.42 on Friday, reaching C$4.16. 544,383 shares of the company were exchanged, compared to its average volume of 241,647. The company has a market capitalization of C$391.56 million, a price-to-earnings ratio of -11.89, a PEG ratio of 0.09 and a beta of 1.33. The company has a current ratio of 1.47, a quick ratio of 3.14 and a debt-to-equity ratio of 16.61. Coveo Solutions has a one year low of C$3.59 and a one year high of C$9.53. The company has a 50-day moving average of C$4.41 and a 200 day moving average of C$5.51.

Coveo Solutions (TSE:CVO) last released its earnings results on Wednesday, May 27th. The company reported C($0.03) earnings per share for the quarter. Coveo Solutions had a negative net margin of 22.49% and a negative return on equity of 28.39%. The firm had revenue of C$54.02 million during the quarter. On average, equities research analysts forecast 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.