TD Forecasts Strong Price Appreciation for Coveo Solutions (TSE:CVO) Stock

Coveo Solutions (TSE:CVO) had its target price boosted by analysts at TD from C$6.50 to C$7.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD’s price target points to a potential upside of 64.32% from the company’s current price.

A number of other equities research analysts have also weighed in on CVO. BMO Capital Markets lowered their target price on shares of Coveo Solutions from C$10.00 to C$6.00 and set an “outperform” rating on the stock in a report on Thursday, May 28th. National Bank Financial decreased their price objective 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. Finally, Stifel Nicolaus cut their target price on Coveo Solutions from C$11.00 to C$9.00 and set a “buy” rating on the stock in a research report on Friday, May 29th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$8.57.

Coveo Solutions Stock Down 1.6%

Shares of CVO traded down C$0.07 during trading hours on Friday, reaching C$4.26. The stock had a trading volume of 135,665 shares, compared to its average volume of 227,200. The firm has a 50-day simple moving average of C$4.28 and a 200 day simple moving average of C$4.89. Coveo Solutions has a 12 month low of C$3.59 and a 12 month high of C$9.53. The company has a current ratio of 1.42, a quick ratio of 3.14 and a debt-to-equity ratio of 16.57. The company has a market capitalization of C$398.19 million, a price-to-earnings ratio of -14.20, a P/E/G ratio of 0.09 and a beta of 1.57.

Coveo Solutions (TSE:CVO) last announced its quarterly earnings results on Thursday, July 30th. The company reported C($0.09) EPS for the quarter. Coveo Solutions had a negative net margin of 19.27% and a negative return on equity of 26.89%. The business had revenue of C$54.77 million for the quarter. Equities research analysts predict 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.