Coveo Solutions (TSE:CVO) Price Target Lowered to C$11.00 at TD Securities

Coveo Solutions (TSE:CVO) had its price objective lowered by TD Securities from C$12.00 to C$11.00 in a research report report published on Thursday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other brokerages have also recently issued reports on CVO. Eight Capital dropped their target price on Coveo Solutions from C$16.00 to C$13.50 and set a buy rating for the company in a report on Tuesday, June 4th. National Bankshares dropped their price objective 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. BMO Capital Markets reduced their target price on shares of Coveo Solutions from C$12.50 to C$10.50 and set an outperform rating on the stock in a research note on Tuesday, June 4th. Scotiabank decreased their target price on shares of Coveo Solutions from C$14.00 to C$11.00 and set an outperform rating on the stock in a report on Tuesday, June 4th. Finally, Canaccord Genuity Group cut their price target on shares of Coveo Solutions from C$12.00 to C$11.00 and set a buy rating for the company in a report on Monday, July 15th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Coveo Solutions has an average rating of Buy and an average price target of C$10.94.

Coveo Solutions Price Performance

CVO traded down C$0.31 on Thursday, reaching C$5.91. 88,332 shares of the company’s stock were exchanged, compared to its average volume of 127,841. Coveo Solutions has a twelve month low of C$5.73 and a twelve month high of C$12.48. The stock has a market cap of C$315.12 million, a PE ratio of -16.42, a P/E/G ratio of 0.09 and a beta of 1.03. The company has a debt-to-equity ratio of 5.37, a current ratio of 2.44 and a quick ratio of 3.14. The stock’s fifty day moving average price is C$7.23 and its 200-day moving average price is C$8.80.

Coveo Solutions (TSE:CVO) last issued its earnings results on Wednesday, August 7th. The company reported C($0.08) earnings per share for the quarter, missing the consensus estimate of C($0.04) by C($0.04). The company had revenue of C$44.08 million for the quarter, compared to analyst estimates of C$43.87 million. Coveo Solutions had a negative return on equity of 13.31% and a negative net margin of 21.85%. Sell-side analysts expect that Coveo Solutions will post -0.2144225 EPS for the current year.

About Coveo Solutions

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.