Coveo Solutions Inc. (TSE:CVO) Stock Has Consensus Target Price of C$8.00 According to Analysts

Shares of Coveo Solutions Inc. (TSE:CVO) have been given an average rating of “Moderate Buy” by the six brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$8.00.

Separately, TD raised their price objective 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.

Coveo Solutions Stock Performance

Shares of Coveo Solutions stock opened at C$4.36 on Wednesday. The company has a debt-to-equity ratio of 17.00, a quick ratio of 3.14 and a current ratio of 1.39. Coveo Solutions has a 1 year low of C$3.59 and a 1 year high of C$9.15. The firm’s 50-day simple moving average is C$4.32 and its 200-day simple moving average is C$4.33. The firm has a market cap of C$405.21 million, a PE ratio of -21.80, a price-to-earnings-growth ratio of 0.09 and a beta of 1.49.

Coveo Solutions (TSE:CVO) last announced its quarterly earnings data 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 during the quarter. Equities analysts forecast that Coveo Solutions will post -0.2144225 earnings per share for the current fiscal 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.