Coveo Solutions Inc. (TSE:CVO) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Coveo Solutions Inc. (TSE:CVO) have earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$11.10.

Several research analysts have recently commented on CVO shares. Natl Bk Canada lowered Coveo Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Canaccord Genuity Group cut their price objective on shares of Coveo Solutions from C$13.00 to C$11.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Finally, Stifel Nicolaus reduced their target price on shares of Coveo Solutions from C$15.00 to C$13.00 in a research note on Friday, October 31st.

Coveo Solutions Trading Up 0.4%

Shares of Coveo Solutions stock opened at C$6.81 on Friday. The company has a debt-to-equity ratio of 5.36, a current ratio of 1.85 and a quick ratio of 3.14. The stock’s 50 day simple moving average is C$6.38 and its 200-day simple moving average is C$7.69. The stock has a market cap of C$652.96 million, a P/E ratio of -29.61, a P/E/G ratio of 0.09 and a beta of 0.60. Coveo Solutions has a 1-year low of C$4.92 and a 1-year high of C$9.53.

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