Brokerages Set Afya Limited (NASDAQ:AFYA) PT at $17.60

Afya Limited (NASDAQ:AFYA - Get Free Report) has been given a consensus recommendation of "Strong Sell" by the five analysts that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $17.60.

Several equities analysts have recently weighed in on AFYA shares. UBS Group reissued a "neutral" rating and issued a $19.50 price target (up from $17.50) on shares of Afya in a research note on Thursday, June 12th. Wall Street Zen raised shares of Afya from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Finally, Morgan Stanley downgraded shares of Afya from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $19.00 to $17.00 in a research note on Tuesday, March 11th.

Institutional Investors Weigh In On Afya

Institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio raised its stake in shares of Afya by 40.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 2,800 shares of the company's stock valued at $44,000 after acquiring an additional 800 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Afya by 1,099.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,031 shares of the company's stock valued at $64,000 after purchasing an additional 3,695 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Afya by 2,115.9% in the 4th quarter. JPMorgan Chase & Co. now owns 6,670 shares of the company's stock valued at $106,000 after buying an additional 6,369 shares in the last quarter. Aquatic Capital Management LLC boosted its holdings in shares of Afya by 47.6% in the 4th quarter. Aquatic Capital Management LLC now owns 9,300 shares of the company's stock valued at $148,000 after buying an additional 3,000 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Afya in the 1st quarter valued at $226,000. 88.02% of the stock is owned by hedge funds and other institutional investors.

Afya Price Performance

Shares of NASDAQ:AFYA traded down $0.07 during midday trading on Wednesday, hitting $17.48. The company's stock had a trading volume of 100,732 shares, compared to its average volume of 120,948. The business's 50 day simple moving average is $18.40 and its 200 day simple moving average is $17.34. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market cap of $1.64 billion, a P/E ratio of 13.24, a price-to-earnings-growth ratio of 0.60 and a beta of 0.58. Afya has a 12-month low of $14.52 and a 12-month high of $19.90.

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.