Coveo Solutions Inc. (TSE:CVO) Given Average Recommendation of “Moderate Buy” by Brokerages

Coveo Solutions Inc. (TSE:CVO) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$8.50.

CVO has been the subject of a number of research reports. National Bank Financial decreased their target price on Coveo Solutions from C$7.00 to C$5.50 and set a “sector perform” rating for the company in a report on Wednesday, May 27th. Stifel Nicolaus reduced their target price on Coveo Solutions from C$11.00 to C$9.00 and set a “buy” rating for the company in a research note on Friday, May 29th. TD reduced their target price on Coveo Solutions from C$9.50 to C$6.50 and set a “buy” rating for the company in a research note on Thursday, May 28th. Finally, BMO Capital Markets dropped their price target on Coveo Solutions from C$10.00 to C$6.00 and set an “outperform” rating for the company in a research report on Thursday, May 28th.

Coveo Solutions Price Performance

Shares of CVO stock opened at C$4.19 on Thursday. Coveo Solutions has a fifty-two week low of C$3.59 and a fifty-two week high of C$9.53. The firm has a market capitalization of C$388.92 million, a price-to-earnings ratio of -13.97, a PEG ratio of 0.09 and a beta of 1.33. The company has a debt-to-equity ratio of 16.57, a quick ratio of 3.14 and a current ratio of 1.42. The stock’s 50-day simple moving average is C$4.40 and its 200-day simple moving average is C$5.46.

Coveo Solutions (TSE:CVO) last issued its quarterly earnings results on Wednesday, May 27th. The company reported C($0.03) earnings per share for the quarter. Coveo Solutions had a negative return on equity of 26.89% and a negative net margin of 19.27%.The business had revenue of C$54.02 million for the quarter. As a group, equities analysts forecast 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.