Aimia (AIM) Shares Up 25%

Aimia Inc (TSE:AIM)’s share price shot up 25% during trading on Monday . The stock traded as high as C$2.09 and last traded at C$2.00. 4,208,066 shares were traded during trading, an increase of 254% from the average session volume of 1,189,150 shares. The stock had previously closed at C$1.60.

Several brokerages recently commented on AIM. Royal Bank of Canada cut their price target on shares of Aimia from C$3.00 to C$2.00 and set a “sector perform” rating on the stock in a report on Friday, February 16th. Raymond James Financial cut their price target on shares of Aimia from C$5.00 to C$4.00 and set an “outperform” rating on the stock in a report on Friday, February 16th. TD Securities cut their price target on shares of Aimia from C$3.00 to C$2.25 and set a “hold” rating on the stock in a report on Tuesday, February 20th. Finally, CIBC cut their price target on shares of Aimia from C$2.75 to C$1.25 and set an “underperform” rating on the stock in a report on Friday, February 16th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of C$3.00.

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The firm has a market cap of $243.69, a PE ratio of -1.99 and a beta of 1.20.

Aimia (TSE:AIM) last released its quarterly earnings data on Wednesday, February 14th. The company reported C($0.11) earnings per share (EPS) for the quarter. The business had revenue of C$398.60 million for the quarter, compared to the consensus estimate of C$774.60 million.

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About Aimia

Aimia Inc is a Canada-based data-driven marketing and loyalty analytics company. The Company through its subsidiaries, operating in the 3 business segments: Americas Coalitions, International Coalitions and Global Loyalty Solutions (GLS).Within the Americas Coalitions segment, The Company owns and operates the Aeroplan Program, Canada’s coalition loyalty program, and the Corporation’s Canadian non-platform based loyalty services business.

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