Coveo Solutions Inc. (TSE:CVO) Receives C$8.50 Consensus Target Price from Analysts

Coveo Solutions Inc. (TSE:CVO) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$8.50.

CVO has been the topic of a number of recent analyst reports. BMO Capital Markets decreased their price objective on shares of Coveo Solutions from C$10.00 to C$6.00 and set an “outperform” rating on the stock in a research note on Thursday, May 28th. National Bank Financial decreased their price objective on shares of Coveo Solutions from C$7.00 to C$5.50 and set a “sector perform” rating on the stock in a research note on Wednesday, May 27th. Stifel Nicolaus decreased their price objective on shares of Coveo Solutions from C$11.00 to C$9.00 and set a “buy” rating on the stock in a research note on Friday, May 29th. Finally, TD decreased their price objective on shares of Coveo Solutions from C$9.50 to C$6.50 and set a “buy” rating on the stock in a research note on Thursday, May 28th.

Coveo Solutions Price Performance

Shares of CVO opened at C$4.25 on Monday. Coveo Solutions has a 12 month low of C$3.59 and a 12 month high of C$9.53. The firm’s 50 day moving average is C$4.35 and its 200-day moving average is C$5.28. The stock has a market capitalization of C$394.49 million, a PE ratio of -14.17, a P/E/G ratio of 0.09 and a beta of 1.70. The company has a current ratio of 1.42, a quick ratio of 3.14 and a debt-to-equity ratio of 16.57.

Coveo Solutions (TSE:CVO) last announced its earnings results on Wednesday, May 27th. The company reported C($0.03) EPS for the quarter. Coveo Solutions had a negative return on equity of 26.89% and a negative net margin of 19.27%.The business had revenue of C$54.02 million for the quarter. Equities research analysts forecast that Coveo Solutions will post -0.2144225 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.