Coveo Solutions Inc. (TSE:CVO) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Coveo Solutions Inc. (TSE:CVO) have earned an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$8.00.

Several brokerages have recently issued reports on CVO. BMO Capital Markets lowered their price objective on shares of Coveo Solutions from C$10.00 to C$6.00 and set an “outperform” rating for the company in a research note on Thursday, May 28th. TD increased their target price on Coveo Solutions from C$6.50 to C$7.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. National Bank Financial reduced their target price on Coveo Solutions from C$7.00 to C$5.50 and set a “sector perform” rating on the stock in a report on Wednesday, May 27th. Finally, Stifel Nicolaus lowered their price target on Coveo Solutions from C$11.00 to C$9.00 and set a “buy” rating for the company in a research report on Friday, May 29th.

Coveo Solutions Price Performance

CVO opened at C$4.61 on Tuesday. The company’s 50 day simple moving average is C$4.28 and its 200 day simple moving average is C$4.76. 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$9.53. The stock has a market capitalization of C$430.90 million, a PE ratio of -23.05, a P/E/G ratio of 0.09 and a beta of 1.48.

Coveo Solutions (TSE:CVO) last issued its quarterly earnings results on Thursday, July 30th. The company reported C($0.09) EPS for the quarter. The company had revenue of C$54.77 million for the quarter. Coveo Solutions had a negative return on equity of 19.77% and a negative net margin of 12.74%. As a group, sell-side 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.