Analysts Set Coveo Solutions Inc. (TSE:CVO) Target Price at C$11.10

Coveo Solutions Inc. (TSE:CVO) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$11.10.

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

Coveo Solutions Stock Performance

Shares of CVO stock opened at C$6.99 on Thursday. The company has a debt-to-equity ratio of 5.36, a quick ratio of 3.14 and a current ratio of 1.85. The company’s 50-day simple moving average is C$6.40 and its 200-day simple moving average is C$7.61. Coveo Solutions has a one year low of C$4.92 and a one year high of C$9.53. The stock has a market capitalization of C$670.22 million, a price-to-earnings ratio of -30.39, a PEG ratio of 0.09 and a beta of 1.16.

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