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

Coveo Solutions Inc. (TSE:CVO) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$8.00.

CVO has been the topic of a number of recent research reports. BMO Capital Markets dropped 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 research note on Thursday, May 28th. TD upped their target price on Coveo Solutions from C$6.50 to C$7.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Stifel Nicolaus dropped 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 decreased their target price on shares of Coveo Solutions from C$7.00 to C$5.50 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th.

Coveo Solutions Trading Up 2.5%

Shares of TSE:CVO opened at C$4.09 on Friday. The company has a current ratio of 1.39, a quick ratio of 3.14 and a debt-to-equity ratio of 17.00. Coveo Solutions has a 12-month low of C$3.59 and a 12-month high of C$9.53. The stock has a 50 day moving average of C$4.34 and a 200 day moving average of C$4.45. The company has a market cap of C$380.11 million, a PE ratio of -20.45, a price-to-earnings-growth ratio of 0.09 and a beta of 1.49.

Coveo Solutions (TSE:CVO) last issued its earnings results on Thursday, July 30th. The company reported C($0.09) earnings per share (EPS) for the quarter. The firm had revenue of C$54.77 million during the quarter. Coveo Solutions had a negative return on equity of 19.77% and a negative net margin of 12.74%. As a group, equities research analysts expect that Coveo Solutions will post -0.2144225 EPS 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.