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

Shares of Coveo Solutions Inc. (TSE:CVO) have been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the firm, Marketbeat 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 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$9.07.

A number of research analysts have recently weighed in on the company. TD Securities dropped their price target on Coveo Solutions from C$12.00 to C$9.50 and set a “buy” rating for the company in a research report on Friday, January 30th. 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 report on Thursday. 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. Finally, National Bank Financial cut their price target 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.

Coveo Solutions Price Performance

Shares of CVO stock traded down C$0.93 during mid-day trading on Thursday, reaching C$3.73. The stock had a trading volume of 2,453,757 shares, compared to its average volume of 236,094. Coveo Solutions has a 12-month low of C$3.59 and a 12-month high of C$9.53. The company has a market cap of C$351.09 million, a P/E ratio of -10.66, a price-to-earnings-growth ratio of 0.09 and a beta of 1.33. The business has a 50-day simple moving average of C$4.43 and a 200 day simple moving average of C$5.53. The company has a current ratio of 1.47, a quick ratio of 3.14 and a debt-to-equity ratio of 16.61.

Coveo Solutions (TSE:CVO) last announced its quarterly earnings results on Wednesday, May 27th. The company reported C($0.03) earnings per share for the quarter. Coveo Solutions had a negative net margin of 22.49% and a negative return on equity of 28.39%. The firm had revenue of C$54.02 million during the quarter. On average, sell-side analysts anticipate that Coveo Solutions will post -0.2144225 earnings per share for the current 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.