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

Coveo Solutions Inc. (TSE:CVO) has been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat Ratings 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 12 month target price among brokerages that have covered the stock in the last year is C$8.50.

CVO has been the topic of a number of analyst reports. TD cut 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 report on Thursday, May 28th. BMO Capital Markets cut 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 report on Thursday, May 28th. Stifel Nicolaus cut 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 report on Friday, May 29th. Finally, National Bank Financial cut 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 report on Wednesday, May 27th.

Coveo Solutions Price Performance

CVO opened at C$4.27 on Monday. The company has a debt-to-equity ratio of 16.57, a current ratio of 1.42 and a quick ratio of 3.14. The company has a market capitalization of C$396.34 million, a price-to-earnings ratio of -14.23, a P/E/G ratio of 0.09 and a beta of 1.70. The firm’s fifty day moving average price is C$4.36 and its two-hundred day moving average price is C$5.33. Coveo Solutions has a 1 year low of C$3.59 and a 1 year high of C$9.53.

Coveo Solutions (TSE:CVO) last posted its quarterly earnings data 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, analysts anticipate that Coveo Solutions will post -0.2144225 earnings per share for the current fiscal 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.