12:57:44 EDT Wed 01 May 2024
Enter Symbol
or Name
USA
CA



Coveo Solutions Inc
Symbol CVO
Shares Issued 51,608,479
Close 2023-11-28 C$ 10.74
Market Cap C$ 554,275,064
Recent Sedar Documents

Globe says Coveo Solutions maintained at "buy"

2023-11-29 07:51 ET - In the News

The Globe and Mail reports in its Wednesday edition that Stifel analyst James Hodgins thinks "it's time to buy Canadian small caps." The Globe's David Leeder writes that Mr. Hodgins says in a note: "After underperforming for the better part of the past decade, Canadian small cap equities are literally begging to be bought. The value is there, the cycle returns are there and the seasonality is now here. ... Small cap equities historically also benefit from the yield curve resteepening, which it inevitably will do. While we realize many small cap names are bearing the brunt of tax-loss selling, that peak selling pressure is due to abate within two to three weeks, thereby giving investors an opportunity to pick up great small cap companies at bargain-basement prices." Mr. Hodgins adds that small caps have never been cheaper relative to their large peers, "making them a great value call." Mr. Hodgins says Coveo Solutions is on his firm's list of top small-cap ideas. He rates Coveo "buy" with a $14 share target. Analysts on average target the shares at $12.95. The Globe reported on Oct. 31 that Stifel analyst Suthan Sukumar had reaffirmed his "buy" recommendation for Coveo. The shares could then be had for $10.95.

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