Coveo Solutions (TSE:CVO) Given a C$5.00 Price Target at Scotia

Coveo Solutions (TSE:CVO) has been given a C$5.00 price objective by research analysts at Scotia in a research report issued on Tuesday, BayStreet reports. The brokerage currently has a “sector perform” rating on the stock. Scotia’s price objective points to a potential upside of 14.94% from the stock’s previous close.

Separately, TD lifted their price target on Coveo Solutions from C$6.50 to C$7.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$7.57.

Coveo Solutions Price Performance

CVO stock traded down C$0.19 during trading on Tuesday, reaching C$4.35. 137,215 shares of the company were exchanged, compared to its average volume of 218,834. The company has a debt-to-equity ratio of 17.00, a quick ratio of 3.14 and a current ratio of 1.39. The stock’s 50 day moving average price is C$4.33 and its 200 day moving average price is C$4.33. Coveo Solutions has a 52-week low of C$3.59 and a 52-week high of C$9.15. The company has a market cap of C$404.28 million, a P/E ratio of -21.75, a PEG ratio of 0.09 and a beta of 1.40.

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

Coveo Solutions Company Profile

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.