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

Shares of Coveo Solutions Inc. (TSE:CVO) have been given an average recommendation of “Moderate Buy” by the seven analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$8.50.

CVO has been the topic of several analyst reports. BMO Capital Markets cut their price target on Coveo Solutions from C$10.00 to C$6.00 and set an “outperform” rating on the stock in a research report on Thursday, May 28th. Stifel Nicolaus reduced their price objective on Coveo Solutions from C$11.00 to C$9.00 and set a “buy” rating for the company in a research note on Friday, May 29th. TD reduced their price objective 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, May 28th. Finally, National Bank Financial reduced 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 research note on Wednesday, May 27th.

Coveo Solutions Stock Performance

Shares of CVO opened at C$4.25 on Monday. The company has a debt-to-equity ratio of 16.57, a quick ratio of 3.14 and a current ratio of 1.42. The stock has a 50-day moving average of C$4.35 and a two-hundred day moving average of C$5.28. The stock has a market cap of C$394.49 million, a P/E ratio of -14.17, a P/E/G ratio of 0.09 and a beta of 1.70. Coveo Solutions has a one year low of C$3.59 and a one year high of C$9.53.

Coveo Solutions (TSE:CVO) last released its earnings results on Wednesday, May 27th. The company reported C($0.03) EPS for the quarter. Coveo Solutions had a negative return on equity of 26.89% and a negative net margin of 19.27%.The firm had revenue of C$54.02 million for the quarter. As a group, research analysts predict 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.