Coveo Solutions (TSE:CVO) Stock Rating Raised to “Hold” at Scotiabank

Scotiabank upgraded shares of Coveo Solutions (TSE:CVO) to a hold rating in a research note released on Tuesday morning,Zacks reports.

Other equities research analysts also recently issued research reports about the stock. Scotia set a C$5.00 target price on shares of Coveo Solutions and gave the company a “sector perform” rating in a research note on Tuesday. TD lifted their price target on shares of Coveo Solutions from C$6.50 to C$7.00 and gave the company a “buy” rating in a report on Friday, July 31st. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$7.57.

Coveo Solutions Stock Up 1.8%

TSE CVO opened at C$4.47 on Tuesday. Coveo Solutions has a 1-year low of C$3.59 and a 1-year high of C$9.15. The company has a market capitalization of C$415.43 million, a price-to-earnings ratio of -22.35, a PEG ratio of 0.09 and a beta of 1.40. The stock’s 50 day moving average is C$4.32 and its two-hundred day moving average is C$4.33. The company has a current ratio of 1.39, a quick ratio of 3.14 and a debt-to-equity ratio of 17.00.

Coveo Solutions (TSE:CVO) last posted its earnings results on Thursday, July 30th. The company reported C($0.09) EPS for the quarter. Coveo Solutions had a negative return on equity of 19.77% and a negative net margin of 12.74%.The company had revenue of C$54.77 million for the quarter. Equities analysts forecast 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.