Coveo Solutions Inc. (TSE:CVO) Receives C$11.10 Average Target Price from Analysts

Shares of Coveo Solutions Inc. (TSE:CVO) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are covering the stock, Marketbeat reports. One 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 analysts that have issued ratings on the stock in the last year is C$11.10.

Several analysts recently issued reports on CVO shares. Natl Bk Canada downgraded Coveo Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Stifel Nicolaus decreased their price target on shares of Coveo Solutions from C$15.00 to C$13.00 in a research report on Friday, October 31st. Finally, Canaccord Genuity Group cut their price objective on Coveo Solutions from C$13.00 to C$11.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd.

Coveo Solutions Price Performance

Shares of Coveo Solutions stock opened at C$6.84 on Thursday. The business’s fifty day moving average price is C$6.48 and its 200 day moving average price is C$7.59. Coveo Solutions has a twelve month low of C$4.92 and a twelve month high of C$9.53. The company has a current ratio of 1.85, a quick ratio of 3.14 and a debt-to-equity ratio of 5.36. The stock has a market capitalization of C$655.84 million, a P/E ratio of -29.74, a PEG ratio of 0.09 and a beta of 1.16.

Coveo Solutions (TSE:CVO) last announced its quarterly earnings results on Thursday, October 30th. The company reported C($0.05) EPS for the quarter. Coveo Solutions had a negative return on equity of 7.97% and a negative net margin of 8.74%.The firm had revenue of C$51.99 million for the quarter. As a group, research analysts anticipate that Coveo Solutions will post -0.2144225 earnings per share for the current year.

About Coveo Solutions

Coveo Solutions Inc is an AI-powered platform. It provides applied AI solutions enabling enterprises to deliver relevant digital experiences at scale. The company’s solutions provide value to its customers by helping drive revenue growth, reduce customer support costs, increase customer satisfaction and website engagement, and improve employee proficiency and satisfaction.