Coveo Solutions Inc. (TSE:CVO - Get Free Report) shares dropped 7.2% on Monday . The stock traded as low as C$7.80 and last traded at C$8.37. Approximately 582,772 shares were traded during mid-day trading, an increase of 330% from the average daily volume of 135,542 shares. The stock had previously closed at C$9.02.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on CVO. Stifel Nicolaus raised their target price on shares of Coveo Solutions from C$11.00 to C$13.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. National Bankshares decreased their price objective on shares of Coveo Solutions from C$8.50 to C$7.50 and set an "outperform" rating for the company in a research note on Friday, April 25th. TD Securities upped their target price on Coveo Solutions from C$10.00 to C$12.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Royal Bank Of Canada increased their price target on Coveo Solutions from C$11.00 to C$12.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Finally, Canaccord Genuity Group boosted their price objective on Coveo Solutions from C$12.00 to C$13.00 and gave the company a "buy" rating in a report on Friday, August 1st. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of C$11.25.
Check Out Our Latest Stock Report on CVO
Coveo Solutions Trading Up 0.1%
The stock's 50-day moving average price is C$7.79 and its 200 day moving average price is C$6.73. The firm has a market capitalization of C$595.32 million, a PE ratio of -54.65, a price-to-earnings-growth 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
(
Get Free Report)
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.
Further Reading
Before you consider Coveo Solutions, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coveo Solutions wasn't on the list.
While Coveo Solutions currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
