Coveo Solutions Inc. (TSE:CVO) Receives C$10.94 Consensus Target Price from Brokerages

Shares of Coveo Solutions Inc. (TSE:CVO - Get Free Report) have earned an average recommendation of "Buy" from the eight brokerages that are covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have covered the stock in the last year is C$10.94.

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

Coveo Solutions Trading Up 1.2 %

Shares of CVO stock traded up C$0.09 during mid-day trading on Thursday, hitting C$7.34. The company's stock had a trading volume of 173,496 shares, compared to its average volume of 131,350. The company's fifty day simple moving average is C$5.88 and its 200-day simple moving average is C$6.91. Coveo Solutions has a 52 week low of C$5.07 and a 52 week high of C$12.48. The company has a debt-to-equity ratio of 6.05, a quick ratio of 3.14 and a current ratio of 1.71. The company has a market cap of C$395.11 million, a PE ratio of -24.17, a P/E/G ratio of 0.09 and a beta of 0.75.

Coveo Solutions (TSE:CVO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C($0.08) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of C$44.08 million during the quarter, compared to the consensus estimate of C$43.87 million. As a group, equities research analysts expect that Coveo Solutions will post -0.2144225 earnings per share 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.