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

Key Points

• Coveo Solutions has a “Moderate Buy” consensus rating from six brokerages, with five buy ratings and one hold. The average 12-month price target is C$8.00, well above the C$4.61 share price.
• Analyst views remain positive but price targets have generally declined: National Bank cut its target to C$5.50, BMO to C$6.00, and Stifel 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 operate at a loss, with a negative 12.74% net margin and analysts forecasting full-year EPS of approximately negative C$0.21.

Coveo Solutions Inc. (TSE:CVO - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six research firms that are currently covering the company, 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 price target among brokerages that have covered the stock in the last year is C$8.00.

Several brokerages recently weighed in on CVO. National Bank Financial cut their target price on shares of Coveo Solutions from C$7.00 to C$5.50 and set a "sector perform" rating for the company in a research note on Wednesday, May 27th. TD boosted their price objective on shares of Coveo Solutions from C$6.50 to C$7.00 and gave the company a "buy" rating in a research report on Friday, July 31st. 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. Finally, Stifel Nicolaus reduced their price target on Coveo Solutions from C$11.00 to C$9.00 and set a "buy" rating on the stock in a research note on Friday, May 29th.

Coveo Solutions Trading Up 2.2%

Shares of Coveo Solutions stock opened at C$4.61 on Tuesday. Coveo Solutions has a 1 year low of C$3.59 and a 1 year high of C$9.53. The company has a debt-to-equity ratio of 17.00, a current ratio of 1.39 and a quick ratio of 3.14. The business has a 50 day moving average price of C$4.28 and a 200 day moving average price of C$4.76. The company has a market capitalization of C$430.90 million, a P/E ratio of -23.05, a P/E/G ratio of 0.09 and a beta of 1.48.

Coveo Solutions (TSE:CVO - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported C($0.09) EPS for the quarter. The company 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%. Sell-side analysts anticipate that Coveo Solutions will post -0.2144225 EPS 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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