Coveo Solutions Inc. (TSE:CVO) Given Average Rating of “Buy” by Brokerages

Coveo Solutions Inc. (TSE:CVO) has received an average rating of “Buy” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$10.94.

CVO has been the topic of several analyst reports. Canaccord Genuity Group cut their price target on 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. Scotiabank dropped their target price on 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. Eight Capital dropped their target price on 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. National Bankshares dropped their target price on Coveo Solutions from C$14.00 to C$10.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 4th. Finally, Stifel Nicolaus dropped their target price on Coveo Solutions from C$12.00 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. 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 stock’s fifty day moving average price is C$6.29 and its 200 day moving average price is C$7.87. Coveo Solutions has a 1 year low of C$5.56 and a 1 year high of C$12.48. The company has a market cap of C$338.05 million, a price-to-earnings ratio of -20.93, a PEG ratio of 0.09 and a beta of 0.76.

Coveo Solutions (TSE:CVO) last announced its quarterly earnings results 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). 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 return on equity of 13.95% and a negative net margin of 17.81%. As a group, equities research analysts forecast that Coveo Solutions will post -0.2144225 earnings per share 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.