Coveo Solutions Inc. (TSE:CVO) Receives C$8.00 Average Target Price from Analysts

Shares of Coveo Solutions Inc. (TSE:CVO) have earned an average rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$8.00.

Several equities research analysts recently commented on CVO shares. TD raised their target price on Coveo Solutions from C$6.50 to C$7.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Stifel Nicolaus dropped their price target on Coveo Solutions from C$11.00 to C$9.00 and set a “buy” rating on the stock in a research note on Friday, May 29th. BMO Capital Markets cut their price target on Coveo Solutions from C$10.00 to C$6.00 and set an “outperform” rating on the stock in a report on Thursday, May 28th. Finally, National Bank Financial reduced their price objective on shares of Coveo Solutions from C$7.00 to C$5.50 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th.

Coveo Solutions Price Performance

CVO stock opened at C$4.54 on Tuesday. The company has a quick ratio of 3.14, a current ratio of 1.39 and a debt-to-equity ratio of 17.00. The firm has a market cap of C$424.36 million, a price-to-earnings ratio of -22.70, a PEG ratio of 0.09 and a beta of 1.48. The company’s fifty day simple moving average is C$4.32 and its 200 day simple moving average is C$4.67. Coveo Solutions has a 12-month low of C$3.59 and a 12-month high of C$9.53.

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. The business had revenue of C$54.77 million for the quarter. Coveo Solutions had a negative return on equity of 19.77% and a negative net margin of 12.74%. On average, analysts expect that Coveo Solutions will post -0.2144225 earnings per share for the current year.

Coveo Solutions Company Profile

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.