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

Coveo Solutions Inc. (TSE:CVO) has been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$8.50.

CVO has been the subject of several 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 for the company in a research report on Thursday, May 28th. National Bank Financial dropped their target price on shares of Coveo Solutions from C$7.00 to C$5.50 and set a “sector perform” rating on the stock in a report on Wednesday, May 27th. TD cut their price target on shares of Coveo Solutions from C$9.50 to C$6.50 and set a “buy” rating on the stock in a research report on Thursday, May 28th. Finally, Stifel Nicolaus decreased their price target on Coveo Solutions from C$11.00 to C$9.00 and set a “buy” rating for the company in a report on Friday, May 29th.

Coveo Solutions Stock Performance

Shares of CVO stock opened at C$3.98 on Friday. The business’s 50 day simple moving average is C$4.29 and its 200 day simple moving average is C$4.97. Coveo Solutions has a one year low of C$3.59 and a one year high of C$9.53. The stock has a market capitalization of C$372.01 million, a PE ratio of -13.27, a PEG ratio of 0.09 and a beta of 1.57. The company has a debt-to-equity ratio of 16.57, a current ratio of 1.42 and a quick ratio of 3.14.

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