Jefferies Financial Group Reiterates "C$3.75" Price Target for Aimia (TSE:AIM)

Key Points

• Jefferies Financial Group maintained a “buy” rating and a C$3.75 price target for Aimia, implying approximately 38.4% upside from the previous close.
• Aimia shares fell C$0.09 to C$2.71, trading below both their 50-day and 200-day moving averages. The company reported quarterly revenue of C$36.4 million and EPS of C$0.11, while maintaining negative net margins and return on equity.
• Insiders have been buying shares: directors acquired a combined 190,272 shares worth approximately C$520,748 over the last quarter, with insiders owning 3.34% of the company.

Aimia (TSE:AIM - Get Free Report) has been assigned a C$3.75 price objective by stock analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Jefferies Financial Group's price target points to a potential upside of 38.38% from the company's previous close.

Aimia Stock Performance

Shares of AIM traded down C$0.09 during trading hours on Wednesday, hitting C$2.71. The company had a trading volume of 22,614 shares, compared to its average volume of 53,780. The firm has a market cap of C$239.56 million, a price-to-earnings ratio of -18.07, a PEG ratio of -2.30 and a beta of 0.17. The business has a fifty day moving average of C$2.73 and a 200-day moving average of C$2.81. Aimia has a 12 month low of C$2.48 and a 12 month high of C$3.44. The company has a quick ratio of 83.33, a current ratio of 1.96 and a debt-to-equity ratio of 47.02.

Aimia (TSE:AIM - Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported C$0.11 EPS for the quarter. Aimia had a negative net margin of 3.17% and a negative return on equity of 3.98%. The business had revenue of C$36.40 million during the quarter. Equities analysts anticipate that Aimia will post 0.0149339 EPS for the current fiscal year.

Insider Transactions at Aimia

In other news, Director Thomas (Tom) Little acquired 99,272 shares of the firm's stock in a transaction on Tuesday, May 26th. The shares were purchased at an average cost of C$2.75 per share, with a total value of C$272,998.00. Following the acquisition, the director directly owned 450,772 shares in the company, valued at C$1,239,623. This represents a 28.24% increase in their position. Also, Director Rhys Drennan Summerton acquired 10,000 shares of the stock in a transaction on Tuesday, July 14th. The shares were purchased at an average price of C$2.82 per share, for a total transaction of C$28,200.00. Following the transaction, the director directly owned 556,300 shares in the company, valued at approximately C$1,568,766. This trade represents a 1.83% increase in their ownership of the stock. Over the last quarter, insiders have bought 190,272 shares of company stock worth $520,748. Company insiders own 3.34% of the company's stock.

About Aimia

Aimia Inc TSX: AIM is a holding company that makes long-term investments in private and public businesses through controlling or minority stakes. We target companies with durable economic advantages evidenced by a track record of substantial free cash flow generation over complete business cycles, strong growth prospects, and guided by strong, experienced management teams. Headquartered in Toronto, Canada, Aimia is positioned to invest in any sector, wherever a suitable opportunity can be identified worldwide.

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