TD Has Lowered Expectations for Coveo Solutions (TSE:CVO) Stock Price

Coveo Solutions (TSE:CVO) had its price objective dropped by stock analysts at TD from C$9.50 to C$6.50 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD’s target price suggests a potential upside of 73.80% from the stock’s previous close.

Several other research analysts also recently weighed in on CVO. 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 note on Thursday. National Bank Financial dropped their price target on Coveo Solutions from C$7.00 to C$5.50 and set a “sector perform” rating for the company in a research note on Wednesday. Finally, TD Securities dropped their price target on Coveo Solutions from C$12.00 to C$9.50 and set a “buy” rating for the company in a research note on Friday, January 30th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Coveo Solutions has an average rating of “Moderate Buy” and a consensus target price of C$9.07.

Coveo Solutions Price Performance

CVO stock traded down C$0.92 during midday trading on Thursday, hitting C$3.74. The company’s stock had a trading volume of 2,214,778 shares, compared to its average volume of 234,397. Coveo Solutions has a 12 month low of C$3.59 and a 12 month high of C$9.53. The company has a quick ratio of 3.14, a current ratio of 1.47 and a debt-to-equity ratio of 16.61. The firm has a market capitalization of C$352.03 million, a price-to-earnings ratio of -10.69, a price-to-earnings-growth ratio of 0.09 and a beta of 1.33. The company has a 50 day moving average of C$4.43 and a two-hundred day moving average of C$5.53.

Coveo Solutions (TSE:CVO) last posted 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 28.39% and a negative net margin of 22.49%.The business had revenue of C$54.02 million during the quarter. On average, analysts expect that Coveo Solutions will post -0.2144225 EPS for the current 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.