Coveo Solutions Inc. (TSE:CVO) Stock Rated “Moderate Buy” by Wall Street Analysts

Shares of Coveo Solutions Inc. (TSE:CVO) have received an average rating of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$7.71.

A number of equities research analysts have issued reports on CVO shares. Scotiabank raised Coveo Solutions to a “hold” rating in a research report on Tuesday, October 6th. TD raised their target price on Coveo Solutions from C$7.00 to C$7.50 and gave the company a “buy” rating in a report on Friday. BMO Capital Markets increased their price objective on Coveo Solutions from C$6.00 to C$6.50 and gave the company an “outperform” rating in a research report on Friday. Finally, Scotia set a C$5.00 target price on shares of Coveo Solutions and gave the stock a “sector perform” rating in a research report on Tuesday, October 6th.

Coveo Solutions Trading Up 0.6%

Shares of TSE:CVO opened at C$4.80 on Friday. The company has a current ratio of 1.39, a quick ratio of 3.14 and a debt-to-equity ratio of 17.00. The stock has a market capitalization of C$446.10 million, a PE ratio of -24.00, a P/E/G ratio of 0.09 and a beta of 1.40. Coveo Solutions has a 1 year low of C$3.59 and a 1 year high of C$7.52. The firm has a fifty day moving average price of C$4.43 and a 200 day moving average price of C$4.73.

Coveo Solutions (TSE:CVO) last announced its quarterly earnings results on Thursday, October 29th. The company reported C($0.04) earnings per share for the quarter. The company had revenue of C$57.57 million during the quarter. Coveo Solutions had a negative return on equity of 19.77% and a negative net margin of 12.74%. Analysts expect that Coveo Solutions will post -0.21 EPS for the current fiscal 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.