Analysts Set Coveo Solutions Inc. (TSE:CVO) PT at C$10.94

Shares of Coveo Solutions Inc. (TSE:CVO) have been assigned an average rating of “Buy” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have covered the stock in the last year is C$10.94.

A number of research analysts have recently weighed in on the stock. Royal Bank of Canada reduced their target price on shares of Coveo Solutions from C$13.00 to C$11.00 in a research report on Thursday, August 8th. Canaccord Genuity Group reduced their price objective on Coveo Solutions from C$12.00 to C$11.00 and set a “buy” rating for the company in a report on Monday, July 15th. TD Securities lowered their target price on Coveo Solutions from C$12.00 to C$11.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. BMO Capital Markets cut their price target on Coveo Solutions from C$10.50 to C$10.00 in a research note on Thursday, August 8th. Finally, Stifel Nicolaus lowered their price objective on Coveo Solutions from C$12.00 to C$10.00 in a research note on Thursday, August 8th.

Coveo Solutions Stock Performance

Shares of Coveo Solutions stock opened at C$5.56 on Friday. The business’s fifty day simple moving average is C$6.06 and its 200 day simple moving average is C$7.36. The company has a current ratio of 1.71, a quick ratio of 3.14 and a debt-to-equity ratio of 6.05. Coveo Solutions has a 12 month low of C$5.50 and a 12 month high of C$12.48. The firm has a market capitalization of C$299.29 million, a P/E ratio of -18.67, a price-to-earnings-growth ratio of 0.09 and a beta of 0.75.

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

About Coveo Solutions

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.