TD Securities Cuts Coveo Solutions (TSE:CVO) Price Target to C$9.50

Coveo Solutions (TSE:CVO) had its target price cut by equities researchers at TD Securities from C$12.00 to C$9.50 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 53.72% from the company’s current price.

CVO has been the topic of a number of other reports. Natl Bk Canada cut shares of Coveo Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Canaccord Genuity Group lowered their price target on shares of Coveo Solutions from C$13.00 to C$11.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Finally, Stifel Nicolaus decreased their target price on Coveo Solutions from C$15.00 to C$13.00 in a report on Friday, October 31st. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Coveo Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of C$10.60.

Coveo Solutions Trading Up 0.3%

Shares of Coveo Solutions stock traded up C$0.02 during trading on Friday, hitting C$6.18. The stock had a trading volume of 481,261 shares, compared to its average volume of 234,070. The company has a market capitalization of C$592.56 million, a PE ratio of -26.87, a P/E/G ratio of 0.09 and a beta of 1.16. The stock has a 50 day simple moving average of C$6.49 and a 200 day simple moving average of C$7.58. The company has a quick ratio of 3.14, a current ratio of 1.85 and a debt-to-equity ratio of 5.36. Coveo Solutions has a 1 year low of C$4.92 and a 1 year high of C$9.53.

Coveo Solutions (TSE:CVO) last issued its quarterly earnings results on Thursday, January 29th. The company reported C($0.11) EPS for the quarter. The business had revenue of C$52.18 million for the quarter. Coveo Solutions had a negative return on equity of 7.97% and a negative net margin of 8.74%. On average, research analysts expect that Coveo Solutions will post -0.2144225 EPS for the current fiscal year.

Coveo Solutions Company Profile

Coveo Solutions Inc is an AI-powered platform. It provides applied AI solutions enabling enterprises to deliver relevant digital experiences at scale. The company’s solutions provide value to its customers by helping drive revenue growth, reduce customer support costs, increase customer satisfaction and website engagement, and improve employee proficiency and satisfaction.