Coveo Solutions Inc. (TSE:CVO - Get Free Report) has received an average rating of "Buy" from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$10.94.
CVO has been the topic of a number of research analyst reports. Stifel Nicolaus dropped their price target on Coveo Solutions from C$12.00 to C$10.00 in a research note on Thursday, August 8th. TD Securities dropped their target price on shares of Coveo Solutions from C$12.00 to C$11.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. BMO Capital Markets decreased their price target on shares of Coveo Solutions from C$10.50 to C$10.00 in a report on Thursday, August 8th. Canaccord Genuity Group dropped 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 Monday, July 15th. Finally, Royal Bank of Canada reduced their target price on Coveo Solutions from C$13.00 to C$11.00 in a research note on Thursday, August 8th.
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Shares of CVO opened at C$5.77 on Friday. The company has a 50 day moving average of C$6.07 and a two-hundred day moving average of C$7.41. 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 twelve month low of C$5.50 and a twelve month high of C$12.48. The company has a market cap of C$310.60 million, a price-to-earnings ratio of -19.23, a price-to-earnings-growth ratio of 0.09 and a beta of 0.75.
Coveo Solutions (TSE:CVO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C($0.08) earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of C$44.08 million during the quarter, compared to analyst estimates of C$43.87 million. As a group, analysts predict that Coveo Solutions will post -0.2144225 earnings per share for the current fiscal year.
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.
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