Coveo Solutions Inc. (CVO.TO) – What Are Researchers Thinking About This Stock?

Shares of Coveo Solutions Inc. (TSE:CVO) have earned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$7.57.

A number of research analysts have recently weighed in on the company. TD increased their price target on Coveo Solutions from C$6.50 to C$7.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Scotiabank raised Coveo Solutions to a “hold” rating in a research note on Tuesday, October 6th. Finally, Scotia set a C$5.00 price target on Coveo Solutions and gave the company a “sector perform” rating in a research note on Tuesday, October 6th.

Coveo Solutions Stock Down 1.4%

TSE:CVO opened at C$4.85 on Friday. The stock’s fifty day moving average price is C$4.39 and its two-hundred day moving average price is C$4.37. The company has a market cap of C$450.74 million, a price-to-earnings ratio of -24.25, a P/E/G ratio of 0.09 and a beta of 1.40. Coveo Solutions has a 52-week low of C$3.59 and a 52-week high of C$8.34. 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 (TSE:CVO) last announced its quarterly earnings data on Thursday, July 30th. The company reported C($0.09) EPS for the quarter. The firm had revenue of C$54.77 million during the quarter. Coveo Solutions had a negative return on equity of 19.77% and a negative net margin of 12.74%. On average, analysts anticipate that Coveo Solutions will post -0.21 EPS 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.