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

Coveo Solutions Inc. (TSE:CVO) has been assigned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$8.50.

A number of equities analysts have weighed in on the company. TD decreased their target price on Coveo Solutions from C$9.50 to C$6.50 and set a “buy” rating on the stock in a research note on Thursday, May 28th. BMO Capital Markets dropped their price target on 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 cut their price objective on Coveo Solutions from C$7.00 to C$5.50 and set a “sector perform” rating for the company in a report on Wednesday, May 27th. Finally, Stifel Nicolaus decreased 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 research report on Friday, May 29th.

Coveo Solutions Trading Down 1.6%

Coveo Solutions stock opened at C$4.21 on Friday. The stock has a market cap of C$393.51 million, a P/E ratio of -14.03, a PEG ratio of 0.09 and a beta of 1.57. Coveo Solutions has a fifty-two week low of C$3.59 and a fifty-two week high of C$9.53. The firm’s fifty day moving average price is C$4.30 and its 200-day moving average price is C$5.01. 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 issued its quarterly earnings data on Wednesday, May 27th. The company reported C($0.03) earnings per share (EPS) for the quarter. Coveo Solutions had a negative return on equity of 26.89% and a negative net margin of 19.27%.The business had revenue of C$54.02 million during the quarter. Equities research analysts forecast 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.