Coveo Solutions (TSE:CVO) Given New C$10.00 Price Target at Stifel Nicolaus

Coveo Solutions (TSE:CVO) had its price objective trimmed by Stifel Nicolaus from C$12.00 to C$10.00 in a research note released on Thursday, BayStreet.CA reports.

Several other equities analysts have also issued reports on the company. 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 note on Monday, July 15th. Eight Capital dropped their price objective on Coveo Solutions from C$16.00 to C$13.50 and set a buy rating for the company in a report on Tuesday, June 4th. BMO Capital Markets reduced their target price on shares of Coveo Solutions from C$10.50 to C$10.00 in a research note on Thursday. Scotiabank dropped their price target on shares of Coveo Solutions from C$14.00 to C$11.00 and set an outperform rating for the company in a research note on Tuesday, June 4th. Finally, TD Securities cut 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 report on Thursday. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of Buy and an average target price of C$10.94.

Coveo Solutions Stock Down 5.0 %

Shares of TSE CVO opened at C$5.91 on Thursday. The firm’s 50-day simple moving average is C$7.20 and its 200 day simple moving average is C$8.79. The company has a market cap of C$318.14 million, a price-to-earnings ratio of -19.70, a price-to-earnings-growth ratio of 0.09 and a beta of 0.77. The company has a quick ratio of 3.14, a current ratio of 1.71 and a debt-to-equity ratio of 6.05. Coveo Solutions has a 12-month low of C$5.73 and a 12-month high of C$12.48.

Coveo Solutions (TSE:CVO) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C($0.08) earnings per share (EPS) 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 company had revenue of C$44.08 million for the quarter, compared to analyst estimates of C$43.87 million. On average, research analysts expect that Coveo Solutions will post -0.2144225 earnings per share for the current fiscal 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.