Afya (NASDAQ:AFYA) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Afya (NASDAQ:AFYA) from a hold rating to a buy rating in a research note published on Saturday.

A number of other equities analysts have also recently weighed in on AFYA. UBS Group upped their price objective on shares of Afya from $17.50 to $19.50 and gave the stock a “neutral” rating in a research report on Thursday. Morgan Stanley cut shares of Afya from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $19.00 to $17.00 in a research report on Tuesday, March 11th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Afya has a consensus rating of “Hold” and a consensus target price of $17.60.

Afya Stock Performance

NASDAQ:AFYA opened at $18.11 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.60 and a current ratio of 1.60. The company has a fifty day moving average of $18.44 and a two-hundred day moving average of $17.17. The stock has a market capitalization of $1.70 billion, a PE ratio of 14.60, a P/E/G ratio of 0.29 and a beta of 0.60. Afya has a fifty-two week low of $14.52 and a fifty-two week high of $19.90.

Institutional Investors Weigh In On Afya

A number of hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio raised its position in shares of Afya by 40.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 2,800 shares of the company’s stock valued at $44,000 after buying an additional 800 shares during the last quarter. Jane Street Group LLC raised its position in shares of Afya by 3.7% in the fourth quarter. Jane Street Group LLC now owns 56,341 shares of the company’s stock valued at $895,000 after buying an additional 2,032 shares during the last quarter. Dodge & Cox grew its holdings in shares of Afya by 7.1% in the fourth quarter. Dodge & Cox now owns 31,262 shares of the company’s stock valued at $496,000 after purchasing an additional 2,079 shares during the period. Van ECK Associates Corp grew its holdings in shares of Afya by 41.9% in the fourth quarter. Van ECK Associates Corp now owns 9,677 shares of the company’s stock valued at $154,000 after purchasing an additional 2,856 shares during the period. Finally, Aquatic Capital Management LLC grew its holdings in shares of Afya by 47.6% in the fourth quarter. Aquatic Capital Management LLC now owns 9,300 shares of the company’s stock valued at $148,000 after purchasing an additional 3,000 shares during the period. 88.02% of the stock is currently owned by institutional investors and hedge funds.

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.