Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
An update from Aimia Inc. ( (TSE:AIM) ) is now available.
Aimia Inc. has announced its intention to renew its Normal Course Issuer Bid (NCIB) to repurchase up to 10% of its public float of common shares, approximately six million shares, subject to Toronto Stock Exchange approval. This move is aimed at reducing the discount of its share price relative to the intrinsic value of its net assets, representing a strategic use of capital to enhance shareholder value. The company plans to execute these repurchases through open market purchases and exemption orders, with a pre-defined plan to facilitate purchases during blackout periods.
The most recent analyst rating on (TSE:AIM) stock is a Buy with a C$4.00 price target. To see the full list of analyst forecasts on Aimia Inc. stock, see the TSE:AIM Stock Forecast page.
Spark’s Take on TSE:AIM Stock
According to Spark, TipRanks’ AI Analyst, TSE:AIM is a Neutral.
Aimia Inc. shows resilience with strong strategic initiatives and a robust equity position. However, significant challenges remain in profitability and liquidity. The technical indicators suggest moderate positive momentum, and recent corporate events are promising. Yet, the negative P/E ratio and lack of dividends weigh down the valuation.
To see Spark’s full report on TSE:AIM stock, click here.
More about Aimia Inc.
Aimia Inc. is a diversified company headquartered in Toronto, focusing on enhancing the value of its two core global businesses: Bozzetto, a sustainable specialty chemicals company, and Cortland International, a rope and netting solutions company. The company prioritizes reducing holding company costs, narrowing the discount of its share price relative to the intrinsic value of its net assets, and efficiently utilizing its loss carry-forwards to create shareholder value.
Average Trading Volume: 50,148
Technical Sentiment Signal: Hold
Current Market Cap: C$259.7M
See more insights into AIM stock on TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue