Coveo Solutions Inc. (TSE:CVO) Given Average Rating of “Buy” by Brokerages

Shares of Coveo Solutions Inc. (TSE:CVO) have been given an average recommendation of “Buy” by the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have covered the stock in the last year is C$10.94.

CVO has been the subject of several research reports. TD Securities dropped their price objective on shares of Coveo Solutions from C$12.00 to C$11.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Stifel Nicolaus reduced their price objective on shares of Coveo Solutions from C$12.00 to C$10.00 in a report on Thursday, August 8th. Royal Bank of Canada decreased their price target on Coveo Solutions from C$13.00 to C$11.00 in a research note on Thursday, August 8th. Canaccord Genuity Group lowered their price objective on shares of Coveo Solutions from C$12.00 to C$11.00 and set a “buy” rating for the company in a research note on Monday, July 15th. Finally, BMO Capital Markets decreased their target price on Coveo Solutions from C$10.50 to C$10.00 in a report on Thursday, August 8th.

Coveo Solutions Stock Up 1.4 %

Shares of CVO opened at C$5.77 on Friday. The company has a current ratio of 1.71, a quick ratio of 3.14 and a debt-to-equity ratio of 6.05. The firm has a market cap of C$310.60 million, a P/E ratio of -19.23, a PEG ratio of 0.09 and a beta of 0.75. The stock’s 50 day moving average is C$6.07 and its two-hundred day moving average is C$7.41. Coveo Solutions has a 12 month low of C$5.50 and a 12 month high of C$12.48.

Coveo Solutions (TSE:CVO) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.04) by C($0.04). Coveo Solutions had a negative return on equity of 13.95% and a negative net margin of 17.81%. The firm had revenue of C$44.08 million during the quarter, compared to analyst estimates of C$43.87 million. Analysts predict that Coveo Solutions will post -0.2144225 earnings per share for the current fiscal year.

Coveo Solutions Company Profile

Coveo Solutions Inc provides AI platforms that enable individualized, connected, and trusted digital experiences. The Relevance Cloud platform, an AI solution that integrates AI search, recommendations, GenAI answering, AI models, and analytics across various digital domains; and is designed for scale, security, and compliance and integrates into enterprise ecosystems as a cloud-native SaaS, multi-tenant, API-first, and headless platform.