Aimia Inc. Gets a Hold Rating from Scotiabank

By Ryan Adsit

Aimia Inc. (TSX: AIM), the Services sector company, was revisited by a Wall Street analyst today. The company received a Hold rating from Scotiabank’s analyst Anthony Zicha, with a C$4 price target.

According to TipRanks.com, Zicha is ranked #592 out of 4578 analysts.

Aimia Inc. has an analyst consensus of Moderate Sell, with a price target consensus of C$4.60.

Based on Aimia Inc.’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of C$525 million and quarterly net profit of C$9.6 million. In comparison, last year the company earned revenue of C$570 million and had a GAAP net loss of C$14.8 million.

Aimia Inc. operates as a data-driven marketing and loyalty analytics company. It operates through the following segments: Americas Coalitions, International Coalitions and Global Loyalty Solutions. The Americas Coalitions segment focuses on innovation and investment in core Aeroplan coalition and any future coalitions in the Americas, as well as non-platform based work for customers in the Americas. The International Coalitions segment includes the Nectar UK and Air Miles Middle East coalitions and any future coalitions outside the Americas, as well as the Middle East business and the Shopper Insights & Communications business. The Global Loyalty Solutions segment brings together the strategy and solutions business for individual clients, particularly its platform-based business, with products such as Aimia Loyalty Platform and Smart Button. The company was founded on January 1, 2002 and is headquartered in Montreal, Canada.

The company’s shares closed last Wednesday at $1.60.