Brokerages Set Coveo Solutions Inc. (TSE:CVO) Price Target at C$10.60

Shares of Coveo Solutions Inc. (TSE:CVO) have earned a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$10.60.

A number of research firms recently issued reports on CVO. National Bank Financial cut Coveo Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Stifel Nicolaus reduced their price target on shares of Coveo Solutions from C$15.00 to C$13.00 in a report on Friday, October 31st. TD Securities lowered their price objective on shares of Coveo Solutions from C$12.00 to C$9.50 and set a “buy” rating for the company in a research report on Friday, January 30th. Finally, Canaccord Genuity Group dropped their price objective 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.

Coveo Solutions Trading Up 0.5%

CVO opened at C$6.05 on Monday. The firm’s fifty day moving average is C$6.54 and its two-hundred day moving average is C$7.28. The firm has a market cap of C$569.46 million, a PE ratio of -17.29, a price-to-earnings-growth ratio of 0.09 and a beta of 1.17. Coveo Solutions has a twelve month low of C$4.92 and a twelve month high of C$9.53. 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 announced its quarterly earnings results on Thursday, January 29th. The company reported C($0.11) earnings per share (EPS) for the quarter. The firm had revenue of C$52.18 million during the quarter. Coveo Solutions had a negative net margin of 8.74% and a negative return on equity of 7.97%. 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.