Afya (NASDAQ:AFYA) Raised to “Strong-Buy” at Wall Street Zen

Afya (NASDAQ:AFYA) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. raised shares of Afya from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $23.50 to $24.50 in a research note on Monday, September 8th. UBS Group raised shares of Afya from a “neutral” rating to a “buy” rating and lowered their target price for the company from $19.50 to $19.00 in a research note on Monday, September 8th. Morgan Stanley set a $17.50 target price on shares of Afya and gave the company an “overweight” rating in a research note on Wednesday, August 6th. Zacks Research raised shares of Afya to a “hold” rating in a research note on Friday, August 8th. Finally, Citigroup raised shares of Afya from a “sell” rating to a “neutral” rating and lowered their target price for the company from $16.00 to $14.00 in a research note on Tuesday, July 29th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $18.20.

Afya Trading Down 0.7%

AFYA opened at $15.60 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 0.54 and a beta of 0.56. The firm has a 50 day simple moving average of $15.06 and a 200 day simple moving average of $16.98. Afya has a fifty-two week low of $13.47 and a fifty-two week high of $19.90.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its holdings 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 period. Militia Capital Partners LP acquired a new position in shares of Afya in the second quarter valued at approximately $71,000. Quantbot Technologies LP acquired a new position in shares of Afya in the second quarter valued at approximately $117,000. State of Wyoming acquired a new position in shares of Afya in the second quarter valued at approximately $164,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Afya in the second quarter valued at approximately $181,000. Institutional investors and hedge funds 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.