Coveo Solutions (TSE:CVO) Price Target Raised to C$6.50

Coveo Solutions (TSE:CVO) had its price target increased by BMO Capital Markets from C$6.00 to C$6.50 in a research note issued to investors on Friday,BayStreet reports. They currently have an outperform rating on the stock.

Other equities research analysts have also recently issued reports about the company. TD upped their price target on Coveo Solutions from C$7.00 to C$7.50 and gave the stock a “buy” rating in a research note on Friday. Scotiabank upgraded shares of Coveo Solutions to a “hold” rating in a research note on Tuesday, October 6th. Finally, Scotia set a C$5.00 target price on Coveo Solutions and gave the stock a “sector perform” rating in a research note on Tuesday, October 6th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$7.71.

Coveo Solutions Price Performance

TSE CVO opened at C$4.80 on Friday. 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 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 twelve month low of C$3.59 and a twelve month high of C$7.52. The stock has a 50-day simple moving average of C$4.43 and a 200 day simple moving average of C$4.73.

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