Coveo Solutions (TSE:CVO) Cut to “Hold” at Natl Bk Canada

Natl Bk Canada lowered shares of Coveo Solutions (TSE:CVO) from a strong-buy rating to a hold rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

CVO has been the subject of several other research reports. 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 for the company in a report on Monday, November 3rd. Stifel Nicolaus dropped their target price on shares of Coveo Solutions from C$15.00 to C$13.00 in a research report on Friday, October 31st. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Coveo Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of C$11.10.

Coveo Solutions Price Performance

Shares of Coveo Solutions stock opened at C$5.71 on Tuesday. The firm has a market cap of C$547.49 million, a PE ratio of -24.83, a P/E/G ratio of 0.09 and a beta of 0.87. 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 business has a 50-day moving average price of C$6.98 and a 200 day moving average price of C$7.77.

Coveo Solutions (TSE:CVO) last issued its quarterly earnings results on Thursday, October 30th. The company reported C($0.05) earnings per share (EPS) for the quarter. The business had revenue of C$51.99 million for the quarter. Coveo Solutions had a negative return on equity of 7.97% and a negative net margin of 8.74%. Sell-side analysts predict that Coveo Solutions will post -0.2144225 earnings per share for the current fiscal 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.