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

Shares of Coveo Solutions Inc. (TSE:CVO) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are currently covering the stock, MarketBeat.com 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 price objective among analysts that have updated their coverage on the stock in the last year is C$11.10.

CVO has been the subject of several research analyst reports. Stifel Nicolaus dropped their price objective on Coveo Solutions from C$15.00 to C$13.00 in a report on Friday, October 31st. Natl Bk Canada lowered shares of Coveo Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Finally, Canaccord Genuity Group cut their target price on shares of Coveo Solutions from C$13.00 to C$11.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd.

Coveo Solutions Trading Up 0.8%

Shares of CVO opened at C$6.67 on Friday. The stock has a market capitalization of C$639.54 million, a P/E ratio of -29.00, a PEG ratio of 0.09 and a beta of 0.60. Coveo Solutions has a twelve month low of C$4.92 and a twelve month high of C$9.53. The company has a quick ratio of 3.14, a current ratio of 1.85 and a debt-to-equity ratio of 5.36. The firm has a fifty day simple moving average of C$6.28 and a two-hundred day simple moving average of C$7.67.

Coveo Solutions (TSE:CVO) last issued its quarterly earnings data on Thursday, October 30th. The company reported C($0.05) EPS for the quarter. The firm had revenue of C$51.99 million for the quarter. Coveo Solutions had a negative net margin of 8.74% and a negative return on equity of 7.97%. On average, research analysts anticipate that Coveo Solutions will post -0.2144225 EPS for the current year.

About Coveo Solutions

Coveo Solutions Inc is an AI-powered platform. It provides applied AI solutions enabling enterprises to deliver relevant digital experiences at scale. The company’s solutions provide value to its customers by helping drive revenue growth, reduce customer support costs, increase customer satisfaction and website engagement, and improve employee proficiency and satisfaction.