Coveo Solutions Inc. (TSE:CVO) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Coveo Solutions Inc. (TSE:CVO) have earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$11.10.

CVO has been the subject of a number of analyst reports. Stifel Nicolaus decreased their price objective on Coveo Solutions from C$15.00 to C$13.00 in a research note on Friday, October 31st. Canaccord Genuity Group reduced their target price on Coveo Solutions from C$13.00 to C$11.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Finally, Natl Bk Canada cut Coveo Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday.

Coveo Solutions Trading Down 0.7%

Shares of TSE CVO opened at C$5.47 on Wednesday. Coveo Solutions has a fifty-two week low of C$4.92 and a fifty-two week high of C$9.53. The firm has a market capitalization of C$524.48 million, a P/E ratio of -23.78, a P/E/G ratio of 0.09 and a beta of 0.87. The company has a debt-to-equity ratio of 5.36, a current ratio of 1.85 and a quick ratio of 3.14. The company’s 50 day simple moving average is C$7.12 and its 200 day simple moving average is C$7.80.

Coveo Solutions (TSE:CVO) last released its earnings results on Thursday, October 30th. The company reported C($0.05) EPS for the quarter. The business had revenue of C$51.99 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, analysts predict that Coveo Solutions will post -0.2144225 EPS for the current 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.