Brokerages Set Afya Limited (NASDAQ:AFYA) Target Price at $18.75

Afya Limited (NASDAQ:AFYA) has been assigned an average rating of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $18.75.

Several analysts have weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Afya in a research note on Wednesday, October 8th. UBS Group raised Afya from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $19.50 to $19.00 in a report on Monday, September 8th. JPMorgan Chase & Co. upgraded Afya from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $23.50 to $24.50 in a research report on Monday, September 8th. Finally, Wall Street Zen cut Afya from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 20th.

Institutional Trading of Afya

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Militia Capital Partners LP acquired a new position in Afya during the 2nd quarter worth about $71,000. Quantbot Technologies LP acquired a new stake in Afya in the 2nd quarter valued at about $117,000. Van ECK Associates Corp raised its stake in shares of Afya by 15.7% in the third quarter. Van ECK Associates Corp now owns 10,170 shares of the company’s stock worth $159,000 after acquiring an additional 1,377 shares during the last quarter. State of Wyoming acquired a new position in shares of Afya during the second quarter worth approximately $164,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Afya during the second quarter valued at approximately $181,000. 88.02% of the stock is currently owned by institutional investors and hedge funds.

Afya Stock Up 1.6%

AFYA opened at $14.95 on Wednesday. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 0.52 and a beta of 0.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.98 and a current ratio of 0.98. The firm’s 50-day simple moving average is $14.65 and its 200-day simple moving average is $15.34. Afya has a twelve month low of $13.47 and a twelve month high of $19.90.

Afya Company Profile

Afya Ltd. operates as a leading provider of medical education and training services in Brazil. The company offers a comprehensive suite of educational programs that span undergraduate medical degrees, residency exam preparation, continuing medical education (CME) and digital learning platforms. Through a network of partner institutions and its own campus operations, Afya supports students at every stage of the medical training continuum, from enrollment in medical schools to ongoing professional development for practicing physicians.

At the core of Afya’s offerings is its undergraduate medical program, delivered through a combination of in-person courses at affiliated campuses and fully digital curricula.