Coveo Solutions (TSE:CVO) Sets New 52-Week High - Time to Buy?

Key Points

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Coveo Solutions Inc. (TSE:CVO - Get Free Report)'s stock price hit a new 52-week high on Thursday . The company traded as high as C$9.30 and last traded at C$9.28, with a volume of 42518 shares traded. The stock had previously closed at C$8.96.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CVO. TD Securities upped their target price on Coveo Solutions from C$10.00 to C$12.00 and gave the stock a "buy" rating in a research report on Friday. Royal Bank Of Canada upped their target price on Coveo Solutions from C$11.00 to C$12.00 and gave the stock an "outperform" rating in a research report on Friday. National Bankshares lowered their target price on Coveo Solutions from C$8.50 to C$7.50 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Canaccord Genuity Group upped their target price on Coveo Solutions from C$12.00 to C$13.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Stifel Nicolaus upped their target price on Coveo Solutions from C$11.00 to C$13.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of C$11.25.

Coveo Solutions Price Performance

The company has a fifty day moving average of C$7.73 and a 200-day moving average of C$6.69. The firm has a market cap of C$562.40 million, a P/E ratio of -51.63, a P/E/G ratio of 0.09 and a beta of 0.75. The company has a debt-to-equity ratio of 5.36, a current ratio of 1.85 and a quick ratio of 3.14.

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.