Scotia Reiterates “C$5.00” Price Target for Coveo Solutions (TSE:CVO)

Coveo Solutions (TSE:CVO) received a C$5.00 price objective from analysts at Scotia in a note issued to investors on Tuesday, BayStreet reports. The brokerage presently has a “sector perform” rating on the stock. Scotia’s price objective would suggest a potential upside of 14.94% from the company’s current price.

Separately, TD lifted their price objective on Coveo Solutions from C$6.50 to C$7.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$7.57.

Coveo Solutions Trading Down 4.2%

Shares of CVO traded down C$0.19 on Tuesday, hitting C$4.35. 137,215 shares of the stock traded hands, compared to its average volume of 218,834. Coveo Solutions has a 1 year low of C$3.59 and a 1 year high of C$9.15. The stock’s 50 day moving average is C$4.33 and its two-hundred day moving average is C$4.33. The firm has a market capitalization of C$404.28 million, a P/E ratio of -21.75, a P/E/G ratio of 0.09 and a beta of 1.40. The company has a quick ratio of 3.14, a current ratio of 1.39 and a debt-to-equity ratio of 17.00.

Coveo Solutions (TSE:CVO) last released its earnings results on Thursday, July 30th. The company reported C($0.09) EPS for the quarter. Coveo Solutions had a negative return on equity of 19.77% and a negative net margin of 12.74%.The firm had revenue of C$54.77 million during the quarter. As a group, sell-side analysts predict that Coveo Solutions will post -0.2144225 earnings per share for the current year.

About Coveo Solutions

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.