Coveo Solutions (TSE:CVO) Stock Price Expected to Rise, TD Analyst Says

Coveo Solutions (TSE:CVO) had its price target lifted by TD from C$7.00 to C$7.50 in a research report issued on Friday, BayStreet reports. The firm currently has a “buy” rating on the stock. TD‘s target price indicates a potential upside of 56.90% from the company’s current price.

CVO has been the topic of several other reports. Scotiabank raised shares of Coveo Solutions to a “hold” rating in a report on Tuesday, October 6th. Scotia set a C$5.00 target price on Coveo Solutions and gave the company a “sector perform” rating in a research report on Tuesday, October 6th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Coveo Solutions has a consensus rating of “Moderate Buy” and an average target price of C$7.71.

Coveo Solutions Trading Up 0.2%

CVO traded up C$0.01 on Friday, reaching C$4.78. 212,444 shares of the company traded hands, compared to its average volume of 218,654. The firm has a fifty day simple moving average of C$4.42 and a two-hundred day simple moving average of C$4.74. The company has a market cap of C$444.24 million, a P/E ratio of -23.90, a price-to-earnings-growth ratio of 0.09 and a beta of 1.40. Coveo Solutions has a one year low of C$3.59 and a one year high of C$7.52. 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 posted its quarterly earnings results on Thursday, October 29th. The company reported C($0.04) EPS for the quarter. The business had revenue of C$57.57 million during the quarter. Coveo Solutions had a negative net margin of 12.74% and a negative return on equity of 19.77%. As a group, equities research analysts expect that Coveo Solutions will post -0.21 earnings per share 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.