Afya Limited (NASDAQ:AFYA) Receives Consensus Rating of “Hold” from Brokerages

Shares of Afya Limited (NASDAQ:AFYA) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $18.20.

Several research firms have issued reports on AFYA. Weiss Ratings restated a “hold (c)” rating on shares of Afya in a research report on Wednesday, October 8th. UBS Group upgraded Afya from a “neutral” rating to a “buy” rating and dropped their target price for the company from $19.50 to $19.00 in a report on Monday, September 8th. JPMorgan Chase & Co. raised Afya from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $23.50 to $24.50 in a research note on Monday, September 8th. Morgan Stanley set a $17.50 price objective on Afya and gave the company an “overweight” rating in a research report on Wednesday, August 6th. Finally, Zacks Research upgraded shares of Afya to a “hold” rating in a report on Friday, August 8th.

Afya Price Performance

AFYA stock opened at $15.20 on Friday. The firm has a market cap of $1.42 billion, a P/E ratio of 10.94, a P/E/G ratio of 0.45 and a beta of 0.57. The firm’s fifty day moving average is $14.88 and its 200 day moving average is $15.87. Afya has a 52 week low of $13.47 and a 52 week high of $19.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.98 and a current ratio of 0.98.

Hedge Funds Weigh In On Afya

A number of hedge funds have recently modified their holdings of AFYA. Militia Capital Partners LP bought a new position in shares of Afya during the second quarter valued at about $71,000. Quantbot Technologies LP purchased a new position in Afya during the 2nd quarter valued at about $117,000. Van ECK Associates Corp raised its position in Afya by 15.7% during the 3rd quarter. Van ECK Associates Corp now owns 10,170 shares of the company’s stock valued at $159,000 after purchasing an additional 1,377 shares during the last quarter. State of Wyoming bought a new position in Afya during the 2nd quarter valued at approximately $164,000. Finally, Quadrature Capital Ltd purchased a new stake in Afya in the 2nd quarter worth approximately $181,000. Hedge funds and other institutional investors own 88.02% of the company’s stock.

About Afya

Afya Limited, through its subsidiaries, operates as a medical education group in Brazil. The company operates through three segments: Undergrad, Continuing Education, and Digital Services. It offers educational products and services, including medical schools, medical residency preparatory courses, graduate courses, and other programs to lifelong medical learners enrolled across its distribution network, as well as to third-party medical schools.