Coveo Solutions (TSE:CVO) Price Target Lowered to C$9.00 at Stifel Nicolaus

Coveo Solutions (TSE:CVO) had its price objective lowered by Stifel Nicolaus from C$11.00 to C$9.00 in a research note released on Friday,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. BMO Capital Markets lowered 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. National Bank Financial decreased 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 research note on Wednesday. TD dropped their price target on Coveo Solutions from C$9.50 to C$6.50 and set a “buy” rating for the company in a research note on Thursday. Finally, TD Securities reduced their price objective on Coveo Solutions from C$12.00 to C$9.50 and set a “buy” rating on the stock in a research report on Friday, January 30th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$8.50.

Coveo Solutions Trading Up 7.5%

Shares of CVO stock opened at C$4.02 on Friday. The stock’s fifty day moving average price is C$4.40 and its two-hundred day moving average price is C$5.50. The company has a market cap of C$378.39 million, a PE ratio of -11.49, a P/E/G ratio of 0.09 and a beta of 1.33. Coveo Solutions has a fifty-two week low of C$3.59 and a fifty-two week high of C$9.53. The company has a debt-to-equity ratio of 16.57, a quick ratio of 3.14 and a current ratio of 1.42.

Coveo Solutions (TSE:CVO) last announced its quarterly earnings data on Wednesday, May 27th. The company reported C($0.03) earnings per share for the quarter. Coveo Solutions had a negative return on equity of 26.86% and a negative net margin of 19.24%.The business had revenue of C$54.02 million for the quarter. Equities analysts predict that Coveo Solutions will post -0.2144225 EPS 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.