Coveo Solutions (TSE:CVO) PT Raised to C$14.00

Coveo Solutions (TSE:CVOFree Report) had its target price lifted by Scotiabank from C$13.00 to C$14.00 in a report released on Wednesday morning, BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

CVO has been the subject of a number of other reports. Stifel Nicolaus set a C$14.00 price target on Coveo Solutions in a research note on Tuesday, November 28th. Royal Bank of Canada raised their price objective on Coveo Solutions from C$13.00 to C$14.00 and gave the company an outperform rating in a research note on Friday, November 17th. TD Securities raised their target price on Coveo Solutions from C$13.00 to C$13.50 and gave the company a buy rating in a report on Tuesday, November 7th. Finally, BMO Capital Markets raised their target price on Coveo Solutions from C$12.50 to C$13.50 and gave the company an outperform rating in a report on Tuesday, November 7th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of Buy and a consensus price target of C$12.81.

Read Our Latest Stock Report on CVO

Coveo Solutions Trading Down 0.7 %

Shares of TSE CVO opened at C$9.72 on Wednesday. Coveo Solutions has a one year low of C$6.02 and a one year high of C$12.16. The firm has a market capitalization of C$518.37 million, a PE ratio of -24.92, a PEG ratio of 0.09 and a beta of 1.00. The company has a current ratio of 2.62, a quick ratio of 3.14 and a debt-to-equity ratio of 5.48. The business has a 50-day moving average price of C$9.50 and a two-hundred day moving average price of C$10.21.

Coveo Solutions (TSE:CVOGet Free Report) last posted its quarterly earnings results on Monday, November 6th. The company reported C($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.05). Coveo Solutions had a negative return on equity of 15.17% and a negative net margin of 25.71%. The firm had revenue of C$41.88 million for the quarter, compared to analysts’ expectations of C$42.10 million. As a group, analysts predict that Coveo Solutions will post -0.2144225 earnings per share for the current fiscal year.

Coveo Solutions Company Profile

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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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