Coveo Solutions (TSE:CVO) Stock Rating Upgraded by Scotiabank

Coveo Solutions (TSE:CVO) was upgraded by research analysts at Scotiabank to a “hold” rating in a report released on Tuesday, Zacks reports.

Several other brokerages have also commented on CVO. TD raised their price objective on shares of Coveo Solutions from C$6.50 to C$7.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Scotia set a C$5.00 price target on Coveo Solutions and gave the stock a “sector perform” rating in a research note on Tuesday. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$7.57.

Coveo Solutions Stock Performance

Coveo Solutions stock opened at C$4.47 on Tuesday. Coveo Solutions has a fifty-two week low of C$3.59 and a fifty-two week high of C$9.15. The company has a debt-to-equity ratio of 17.00, a quick ratio of 3.14 and a current ratio of 1.39. The firm’s fifty day moving average price is C$4.32 and its 200-day moving average price is C$4.33. The stock has a market cap of C$415.43 million, a P/E ratio of -22.35, a price-to-earnings-growth ratio of 0.09 and a beta of 1.40.

Coveo Solutions (TSE:CVO) last announced 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 net margin of 12.74% and a negative return on equity of 19.77%. The firm had revenue of C$54.77 million for the quarter. On average, equities research analysts expect that Coveo Solutions will post -0.2144225 earnings per share for the current fiscal 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.