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

Coveo Solutions Inc. (TSE:CVO) has been given a consensus recommendation of “Buy” by the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$11.63.

Several research analysts have recently issued reports on CVO shares. Scotiabank dropped their price objective on shares of Coveo Solutions from C$14.00 to C$11.00 and set an “outperform” rating on the stock in a report on Tuesday, June 4th. Stifel Nicolaus dropped their price objective on shares of Coveo Solutions from C$15.00 to C$12.00 and set a “buy” rating on the stock in a report on Tuesday, June 4th. TD Securities dropped their price objective on shares of Coveo Solutions from C$15.00 to C$12.00 and set a “buy” rating on the stock in a report on Tuesday, June 4th. National Bankshares dropped their price objective on shares of Coveo Solutions from C$14.00 to C$10.00 and set an “outperform” rating on the stock in a report on Tuesday, June 4th. Finally, Eight Capital dropped their price objective on shares of Coveo Solutions from C$16.00 to C$13.50 and set a “buy” rating on the stock in a report on Tuesday, June 4th.

Coveo Solutions Stock Down 3.3 %

CVO stock opened at C$6.09 on Tuesday. The firm has a market cap of C$324.72 million, a PE ratio of -16.92, a PEG ratio of 0.09 and a beta of 1.03. The company has a current ratio of 2.44, a quick ratio of 3.14 and a debt-to-equity ratio of 5.37. Coveo Solutions has a 1 year low of C$5.89 and a 1 year high of C$12.48. The company has a fifty day simple moving average of C$7.38 and a 200 day simple moving average of C$8.88.

Coveo Solutions (TSE:CVO) last released its earnings results on Monday, June 3rd. The company reported C($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.02) by C($0.03). The firm had revenue of C$41.44 million for the quarter, compared to analyst estimates of C$44.79 million. Coveo Solutions had a negative return on equity of 13.31% and a negative net margin of 21.85%. Sell-side analysts anticipate that Coveo Solutions will post -0.2144225 EPS for the current fiscal year.

Coveo Solutions Company Profile

Coveo Solutions Inc provides AI platforms that enable individualized, connected, and trusted digital experiences. The Relevance Cloud platform, an AI solution that integrates AI search, recommendations, GenAI answering, AI models, and analytics across various digital domains; and is designed for scale, security, and compliance and integrates into enterprise ecosystems as a cloud-native SaaS, multi-tenant, API-first, and headless platform.