Coveo Solutions Inc. (TSE:CVO) Stock Has Average Price Target of C$8.00

Coveo Solutions Inc. (TSE:CVO) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$8.00.

Separately, TD increased their target price on Coveo Solutions from C$6.50 to C$7.00 and gave the company a “buy” rating in a report on Friday, July 31st.

Coveo Solutions Price Performance

Coveo Solutions stock opened at C$4.36 on Wednesday. The company has a quick ratio of 3.14, a current ratio of 1.39 and a debt-to-equity ratio of 17.00. Coveo Solutions has a 52-week low of C$3.59 and a 52-week high of C$9.15. The firm has a market cap of C$405.21 million, a PE ratio of -21.80, a price-to-earnings-growth ratio of 0.09 and a beta of 1.49. The company’s 50 day moving average is C$4.32 and its two-hundred day moving average is C$4.33.

Coveo Solutions (TSE:CVO) last released its earnings results on Thursday, July 30th. The company reported C($0.09) 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 company had revenue of C$54.77 million during the quarter. On average, research analysts expect that Coveo Solutions will post -0.2144225 EPS for the current fiscal 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.