Afya (NASDAQ:AFYA) Upgraded by Wall Street Zen to Buy Rating

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

A number of other research firms have also commented on AFYA. Morgan Stanley lowered Afya from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $19.00 to $17.00 in a research report on Tuesday, March 11th. UBS Group upped their price target on Afya from $17.50 to $19.50 and gave the company a "neutral" rating in a research report on Thursday. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $17.60.

Afya Price Performance

Shares of AFYA traded up $0.12 during midday trading on Friday, reaching $18.11. The stock had a trading volume of 377,817 shares, compared to its average volume of 125,911. The company's 50-day moving average is $18.44 and its 200 day moving average is $17.16. Afya has a 12-month low of $14.52 and a 12-month high of $19.90. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 14.60, a price-to-earnings-growth ratio of 0.29 and a beta of 0.60.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio grew its holdings in shares of Afya by 40.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 2,800 shares of the company's stock worth $44,000 after acquiring an additional 800 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Afya by 1,099.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,031 shares of the company's stock valued at $64,000 after buying an additional 3,695 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Afya by 2,115.9% during 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 during the period. Aquatic Capital Management LLC lifted its holdings in shares of Afya by 47.6% during 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 during the period. Finally, Van ECK Associates Corp lifted its holdings in shares of Afya by 41.9% during the 4th quarter. Van ECK Associates Corp now owns 9,677 shares of the company's stock valued at $154,000 after buying an additional 2,856 shares during the period. Hedge funds and other institutional investors 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.