BMO Capital Markets Has Lowered Expectations for Coveo Solutions (TSE:CVO) Stock Price

Coveo Solutions (TSE:CVO) had its price objective dropped by analysts at BMO Capital Markets from C$10.00 to C$6.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 60.43% from the stock’s current price.

Several other equities research analysts have also recently commented on the company. TD Securities dropped 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. National Bank Financial dropped their price objective on Coveo Solutions from C$7.00 to C$5.50 and set a “sector perform” rating on the stock in a research report on Wednesday. Five investment 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of C$9.07.

Coveo Solutions Stock Down 19.7%

Shares of TSE:CVO traded down C$0.92 on Thursday, hitting C$3.74. 2,214,778 shares of the company traded hands, compared to its average volume of 234,397. Coveo Solutions has a 52 week low of C$3.59 and a 52 week high of C$9.53. The company has a quick ratio of 3.14, a current ratio of 1.47 and a debt-to-equity ratio of 16.61. The stock 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 market cap of C$352.03 million, a PE ratio of -10.69, a PEG ratio of 0.09 and a beta of 1.33.

Coveo Solutions (TSE:CVO) last issued 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 company had revenue of C$54.02 million for the quarter. As a group, research analysts expect 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.