Coveo Solutions (TSE:CVO) Price Target Raised to C$7.50

Coveo Solutions (TSE:CVO) had its target price hoisted by TD from C$7.00 to C$7.50 in a report issued on Friday,BayStreet reports. TD currently has a buy rating on the stock.

Several other equities analysts also recently commented on the stock. Scotia set a C$5.00 price target on shares of Coveo Solutions and gave the company a “sector perform” rating in a report on Tuesday, October 6th. Scotiabank upgraded shares of Coveo Solutions to a “hold” rating in a research note on Tuesday, October 6th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Coveo Solutions currently has an average rating of “Moderate Buy” and an average price target of C$7.71.

Coveo Solutions Stock Performance

Coveo Solutions stock opened at C$4.80 on Friday. The firm’s 50 day simple moving average is C$4.43 and its 200-day simple moving average is C$4.73. The company has a market cap of C$446.10 million, a P/E ratio of -24.00, a price-to-earnings-growth ratio of 0.09 and a beta of 1.40. The company has a debt-to-equity ratio of 17.00, a current ratio of 1.39 and a quick ratio of 3.14. Coveo Solutions has a fifty-two week low of C$3.59 and a fifty-two week high of C$7.52.

Coveo Solutions (TSE:CVO) last released its quarterly earnings data on Thursday, October 29th. The company reported C($0.04) earnings per share (EPS) for the quarter. Coveo Solutions had a negative net margin of 12.74% and a negative return on equity of 19.77%. The firm had revenue of C$57.57 million during the quarter. As a group, equities research analysts predict that Coveo Solutions will post -0.21 EPS for the current year.

About Coveo Solutions

Coveo brings superior AI-Relevance to every point-of-experience, transforming how enterprises connect with their customers and employees to maximize business outcomes. Relevance is about moving from persona to person, the degree to which the enterprise-wide content, products, recommendations, and advice presented to a person online aligns easily with their context, needs, preferences, behavior and intent, setting the competitive experience gold standard. Every person’s journey is unique, and only AI can solve the complexity of tailoring experiences across massive, diverse audiences and large volumes and variety of content and products.