Coveo Solutions Inc. (TSE:CVO) Stock Now Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Analyst consensus is “Moderate Buy”: Five of eight analysts rate Coveo Solutions a buy, while three recommend holding the stock. The average 12-month price target is C$7.57.
• Recent ratings included a C$5.00 price target and “sector perform” rating from Scotia, a “hold” upgrade from Scotiabank, and a TD price-target increase to C$7.00 with a buy rating.
• Coveo shares opened at C$4.85, while the company reported a quarterly loss of C$0.09 per share on C$54.77 million in revenue. The business continues to report negative profitability metrics, including a 12.74% net margin and 19.77% return on equity.

Shares of Coveo Solutions Inc. (TSE:CVO - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eight analysts that are presently covering the stock, Marketbeat.com 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$7.57.

A number of research analysts recently weighed in on CVO shares. Scotia set a C$5.00 price objective on Coveo Solutions and gave the company a "sector perform" rating in a research note on Tuesday, October 6th. Scotiabank raised shares of Coveo Solutions to a "hold" rating in a report on Tuesday, October 6th. Finally, TD lifted their price objective on Coveo Solutions from C$6.50 to C$7.00 and gave the stock a "buy" rating in a report on Friday, July 31st.

Coveo Solutions Stock Performance

Shares of TSE CVO opened at C$4.85 on Friday. The business's 50-day moving average price is C$4.39 and its two-hundred day moving average price is C$4.37. Coveo Solutions has a one year low of C$3.59 and a one year high of C$8.34. The company has a market capitalization of C$450.74 million, a P/E ratio of -24.25, a price-to-earnings-growth ratio of 0.09 and a beta of 1.40. The company has a debt-to-equity ratio of 17.00, a current ratio of 1.39 and a quick ratio of 3.14.

Coveo Solutions (TSE:CVO - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported C($0.09) earnings per share for the quarter. The business had revenue of C$54.77 million for the quarter. Coveo Solutions had a negative net margin of 12.74% and a negative return on equity of 19.77%. Analysts anticipate that Coveo Solutions will post -0.21 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.

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