TD Securities Has Lowered Expectations for Coveo Solutions (TSE:CVO) Stock Price

Coveo Solutions (TSE:CVO) had its price target reduced by analysts at TD Securities from C$12.00 to C$9.50 in a report released on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 53.72% from the stock’s previous close.

Several other analysts have also recently commented on CVO. Natl Bk Canada cut Coveo Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Stifel Nicolaus dropped their price objective on shares of Coveo Solutions from C$15.00 to C$13.00 in a report on Friday, October 31st. Finally, Canaccord Genuity Group cut their price target on shares of Coveo Solutions from C$13.00 to C$11.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Coveo Solutions presently has an average rating of “Moderate Buy” and an average price target of C$10.60.

Coveo Solutions Stock Performance

CVO stock traded up C$0.02 during midday trading on Friday, reaching C$6.18. The stock had a trading volume of 481,261 shares, compared to its average volume of 234,070. The firm has a fifty day simple moving average of C$6.49 and a two-hundred day simple moving average of C$7.58. Coveo Solutions has a 52-week low of C$4.92 and a 52-week high of C$9.53. The stock has a market cap of C$592.56 million, a PE ratio of -26.87, a P/E/G ratio of 0.09 and a beta of 1.16. The company has a debt-to-equity ratio of 5.36, a quick ratio of 3.14 and a current ratio of 1.85.

Coveo Solutions (TSE:CVO) last issued its quarterly earnings results on Thursday, January 29th. The company reported C($0.11) earnings per share (EPS) for the quarter. Coveo Solutions had a negative net margin of 8.74% and a negative return on equity of 7.97%. The company had revenue of C$52.18 million during the quarter. As a group, equities 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.