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

Shares of Coveo Solutions Inc. (TSE:CVO) have been given a consensus recommendation of “Buy” by the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a buy rating. The average 12 month price objective among analysts that have covered the stock in the last year is C$10.94.

A number of research firms recently issued reports on CVO. Canaccord Genuity Group decreased their price target on shares of 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. National Bankshares lowered their price target on shares of Coveo Solutions from C$14.00 to C$10.00 and set an “outperform” rating for the company in a report on Tuesday, June 4th. Royal Bank of Canada reduced their price objective on Coveo Solutions from C$13.00 to C$11.00 in a research note on Thursday, August 8th. 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. Finally, Scotiabank dropped their target price on Coveo Solutions from C$14.00 to C$11.00 and set an “outperform” rating for the company in a report on Tuesday, June 4th.

Coveo Solutions Stock Performance

Shares of TSE CVO opened at C$6.28 on Wednesday. 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$5.56 and a 12-month high of C$12.48. The firm has a market capitalization of C$338.05 million, a price-to-earnings ratio of -20.93, a price-to-earnings-growth ratio of 0.09 and a beta of 0.76. The firm has a 50 day moving average of C$6.29 and a 200 day moving average of C$7.87.

Coveo Solutions (TSE:CVO) last released its 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). The firm had revenue of C$44.08 million during the quarter, compared to analysts’ expectations of C$43.87 million. Coveo Solutions had a negative return on equity of 13.95% and a negative net margin of 17.81%. On average, research analysts anticipate that Coveo Solutions will post -0.2144225 earnings per share for the current 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.