Brokerages Set Coveo Solutions Inc. (TSE:CVO) Target Price at C$10.94

Shares of Coveo Solutions Inc. (TSE:CVO) have been given an average recommendation of “Buy” by the eight analysts that are covering the company, MarketBeat reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$10.94.

Several research analysts have issued reports on CVO shares. National Bankshares dropped their price target on Coveo Solutions from C$14.00 to C$10.00 and set an “outperform” rating on the stock in a report on Tuesday, June 4th. Canaccord Genuity Group lowered their price objective on shares of Coveo Solutions from C$12.00 to C$11.00 and set a “buy” rating on the stock in a research report on Monday, July 15th. Eight Capital lowered their price objective on shares of Coveo Solutions from C$16.00 to C$13.50 and set a “buy” rating on the stock in a research report on Tuesday, June 4th. Scotiabank lowered their price objective on shares of Coveo Solutions from C$14.00 to C$11.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 4th. Finally, BMO Capital Markets lowered their price objective on shares of Coveo Solutions from C$10.50 to C$10.00 in a research report on Thursday, August 8th.

Coveo Solutions Price Performance

TSE CVO opened at C$6.28 on Wednesday. Coveo Solutions has a 12 month low of C$5.56 and a 12 month high of C$12.48. The company has a debt-to-equity ratio of 6.05, a current ratio of 1.71 and a quick ratio of 3.14. The firm has a market capitalization of C$338.05 million, a PE ratio of -20.93, a P/E/G ratio of 0.09 and a beta of 0.76. The company’s 50 day simple moving average is C$6.29 and its 200 day simple moving average is C$7.91.

Coveo Solutions (TSE:CVO) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C($0.08) EPS for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.04). The company had revenue of C$44.08 million for the quarter, compared to analyst estimates of C$43.87 million. Coveo Solutions had a negative net margin of 17.81% and a negative return on equity of 13.95%. As a group, equities research analysts forecast that Coveo Solutions will post -0.2144225 EPS for the current fiscal year.

Coveo Solutions Company Profile

Coveo Solutions Inc provides AI platforms that enable individualized, connected, and trusted digital experiences. The Relevance Cloud platform, an AI solution that integrates AI search, recommendations, GenAI answering, AI models, and analytics across various digital domains; and is designed for scale, security, and compliance and integrates into enterprise ecosystems as a cloud-native SaaS, multi-tenant, API-first, and headless platform.