Coveo Solutions (TSE:CVO) Reaches New 12-Month High After Analyst Upgrade

Coveo Solutions Inc. (TSE:CVOGet Free Report)’s share price hit a new 52-week high during trading on Monday after BMO Capital Markets raised their price target on the stock from C$12.90 to C$13.50. BMO Capital Markets currently has an outperform rating on the stock. Coveo Solutions traded as high as C$11.21 and last traded at C$11.15, with a volume of 16554 shares trading hands. The stock had previously closed at C$11.21.

CVO has been the topic of several other research reports. Stifel Nicolaus set a C$14.00 target price on shares of Coveo Solutions and gave the stock a “buy” rating in a research report on Thursday, August 24th. Royal Bank of Canada upped their price objective on shares of Coveo Solutions from C$11.00 to C$13.00 and gave the company an “outperform” rating in a report on Wednesday, August 9th. UBS Group cut their price objective on shares of Coveo Solutions from C$10.00 to C$7.50 in a report on Wednesday, May 31st. National Bankshares lifted their price target on Coveo Solutions from C$11.00 to C$14.00 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. Finally, Eight Capital lifted their target price on Coveo Solutions from C$12.00 to C$13.50 and gave the company a “buy” rating in a report on Wednesday, August 9th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Coveo Solutions has an average rating of “Buy” and an average target price of C$12.56.

View Our Latest Stock Report on CVO

Coveo Solutions Stock Up 1.7 %

The company has a quick ratio of 3.14, a current ratio of 2.15 and a debt-to-equity ratio of 5.67. The company has a market cap of C$575.88 million and a PE ratio of -24.80. The company’s fifty day moving average is C$10.24 and its 200-day moving average is C$8.42.

Coveo Solutions (TSE:CVOGet Free Report) last issued its quarterly earnings results on Tuesday, August 8th. The company reported C($0.09) earnings per share for the quarter, missing the consensus estimate of C($0.06) by C($0.03). The firm had revenue of C$41.01 million for the quarter, compared to analysts’ expectations of C$39.62 million. Coveo Solutions had a negative net margin of 29.44% and a negative return on equity of 15.93%. On average, analysts predict that Coveo Solutions Inc. will post -0.2144225 EPS for the current year.

About Coveo Solutions

(Get Free Report)

Coveo Solutions Inc provides applied artificial intelligence (AI) solutions. Its cloud-native, multi-tenant software as a service (SaaS) platform is the intelligence layer that injects search, recommendations, and personalization solutions into digital experiences to provide connected relevance for various-use cases across commerce, service, website, and workplace applications.

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