Coveo Solutions Inc. (TSE:CVO) Stock Has Average Price Target of C$8.00

Coveo Solutions Inc. (TSE:CVO) has been given an average recommendation of “Moderate Buy” by the seven research firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$7.57.

CVO has been the subject of several recent research reports. Scotia set a C$5.00 target price on shares of Coveo Solutions and gave the stock a “sector perform” rating in a research note on Tuesday. TD boosted their price target on Coveo Solutions from C$6.50 to C$7.00 and gave the company a “buy” rating in a research report on Friday, July 31st.

Coveo Solutions Stock Performance

Shares of CVO opened at C$4.39 on Wednesday. The company’s 50 day simple moving average is C$4.32 and its 200-day simple moving average is C$4.33. The firm has a market cap of C$407.99 million, a PE ratio of -21.95, a price-to-earnings-growth ratio of 0.09 and a beta of 1.40. Coveo Solutions has a 12-month low of C$3.59 and a 12-month high of C$9.15. The company has a current ratio of 1.39, a quick ratio of 3.14 and a debt-to-equity ratio of 17.00.

Coveo Solutions (TSE:CVO) last issued 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 business had revenue of C$54.77 million for the quarter. As a group, equities analysts predict that Coveo Solutions will post -0.2144225 EPS 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.