Analysts Set Afya Limited (NASDAQ:AFYA) Target Price at $18.20

Shares of Afya Limited (NASDAQ:AFYA) have received a consensus recommendation of “Hold” from the seven research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $18.20.

Several research firms have commented on AFYA. Citigroup raised shares of Afya from a “sell” rating to a “neutral” rating and lowered their target price for the stock from $16.00 to $14.00 in a research report on Tuesday, July 29th. Zacks Research raised Afya to a “hold” rating in a research report on Friday, August 8th. UBS Group raised shares of Afya from a “neutral” rating to a “buy” rating and dropped their price target for the company from $19.50 to $19.00 in a research report on Monday, September 8th. JPMorgan Chase & Co. upgraded shares of Afya from a “neutral” rating to an “overweight” rating and raised their target price for the company from $23.50 to $24.50 in a research note on Monday, September 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Afya in a research report on Wednesday, October 8th.

Afya Stock Performance

Shares of AFYA opened at $14.12 on Tuesday. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 0.43 and a beta of 0.57. The company’s fifty day moving average is $15.13 and its 200-day moving average is $16.34. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.22. Afya has a 12 month low of $13.47 and a 12 month high of $19.90.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. State of Wyoming increased its position in Afya by 274.4% during the third quarter. State of Wyoming now owns 34,436 shares of the company’s stock worth $537,000 after acquiring an additional 25,238 shares during the period. Swedbank AB acquired a new position in shares of Afya during the third quarter valued at about $1,092,000. Militia Capital Partners LP acquired a new position in shares of Afya during the second quarter valued at about $71,000. Lazard Asset Management LLC grew its position in Afya by 166.6% during the second quarter. Lazard Asset Management LLC now owns 18,463 shares of the company’s stock worth $329,000 after buying an additional 11,537 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new position in Afya during the second quarter valued at about $363,000. 88.02% of the stock is currently owned by institutional investors and hedge funds.

Afya Company Profile

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.