Afya Limited (NASDAQ:AFYA) Stock Now Rated “Hold” by Wall Street Brokerages

Afya Limited (NASDAQ:AFYA) has received a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $17.75.

A number of research firms have recently commented on AFYA. Weiss Ratings downgraded shares of Afya from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Bank of America reissued a “neutral” rating on shares of Afya in a research report on Thursday, June 11th. Bradesco Corretora upgraded shares of Afya to an “outperform” rating and set a $17.00 target price for the company in a report on Thursday, September 24th. Zacks Research lowered shares of Afya from a “hold” rating to a “strong sell” rating in a research report on Friday, August 21st. Finally, JPMorgan Chase & Co. dropped their price target on shares of Afya from $21.50 to $21.00 and set a “neutral” rating for the company in a research report on Monday, June 22nd.

Afya Price Performance

Shares of NASDAQ:AFYA opened at $12.08 on Friday. The company has a market cap of $1.13 billion, a P/E ratio of 7.37, a P/E/G ratio of 1.35 and a beta of 0.34. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.39. Afya has a 52 week low of $11.62 and a 52 week high of $16.16. The business has a fifty day simple moving average of $13.84 and a 200-day simple moving average of $14.29.

Afya (NASDAQ:AFYA) last released its earnings results on Friday, August 14th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. Afya had a return on equity of 17.58% and a net margin of 20.55%.The firm had revenue of $187.80 million during the quarter, compared to analyst estimates of $189.62 million. Equities research analysts forecast that Afya will post 1.86 EPS for the current year.

Institutional Trading of Afya

A number of institutional investors and hedge funds have recently made changes to their positions in AFYA. Swedbank AB grew its holdings in Afya by 170.3% during the 4th quarter. Swedbank AB now owns 189,200 shares of the company’s stock valued at $2,916,000 after purchasing an additional 119,200 shares in the last quarter. Banco BTG Pactual S.A. acquired a new position in Afya in the 4th quarter worth $462,000. Engineers Gate Manager LP acquired a new position in Afya in the 2nd quarter worth $325,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Afya in the 2nd quarter valued at about $67,000. 88.02% of the stock is currently owned by institutional investors and hedge funds.

About Afya

Afya Limited (NASDAQ: AFYA) is a Brazil-based medical education and health technology company. The company provides education and professional development for physicians and other healthcare professionals, with activities spanning undergraduate medical programs, medical residency preparation, specialization courses, continuing medical education and digital learning services.

Afya also develops technology-enabled products designed to support healthcare professionals throughout their careers.