Coveo Solutions Inc. (TSE:CVO) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Coveo Solutions has a “Moderate Buy” consensus rating, with five analysts recommending buy and one recommending hold. The average 12-month price target is C$8.00, well above the stock’s recent C$4.27 price.
• Analyst views remain generally positive, but several firms have recently lowered their price targets; targets now range from C$5.50 to C$9.00, while TD raised its target to C$7.00.
• Coveo reported quarterly revenue of C$54.77 million and a loss of C$0.09 per share. The company continues to post negative profitability metrics, including a 12.74% net margin and a 19.77% negative return on equity.

Coveo Solutions Inc. (TSE:CVO - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$8.00.

A number of equities analysts have issued reports on the company. National Bank Financial reduced their target price on Coveo Solutions from C$7.00 to C$5.50 and set a "sector perform" rating on the stock in a report on Wednesday, May 27th. TD upped their price target on Coveo Solutions from C$6.50 to C$7.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Stifel Nicolaus cut their price target on shares of Coveo Solutions from C$11.00 to C$9.00 and set a "buy" rating on the stock in a research report on Friday, May 29th. Finally, BMO Capital Markets reduced their price objective on shares of Coveo Solutions from C$10.00 to C$6.00 and set an "outperform" rating on the stock in a research note on Thursday, May 28th.

Coveo Solutions Stock Performance

CVO stock opened at C$4.27 on Friday. The business's fifty day moving average is C$4.37 and its 200-day moving average is C$4.52. The company has a quick ratio of 3.14, a current ratio of 1.39 and a debt-to-equity ratio of 17.00. The company has a market cap of C$396.84 million, a P/E ratio of -21.35, a price-to-earnings-growth ratio of 0.09 and a beta of 1.48. Coveo Solutions has a twelve month low of C$3.59 and a twelve month high of C$9.53.

Coveo Solutions (TSE:CVO - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported C($0.09) earnings per share (EPS) for the quarter. The company had revenue of C$54.77 million during the quarter. Coveo Solutions had a negative return on equity of 19.77% and a negative net margin of 12.74%. Equities research analysts forecast that Coveo Solutions will post -0.2144225 EPS for the current 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.

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