Analysts Set Afya Limited (NASDAQ:AFYA) Target Price at $17.60

Shares of Afya Limited (NASDAQ:AFYA) have been assigned an average recommendation of “Strong Sell” from the five research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $17.60.

AFYA has been the topic of several research reports. Wall Street Zen lowered shares of Afya from a “buy” rating to a “hold” rating in a research report on Friday, June 6th. Morgan Stanley downgraded Afya from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $19.00 to $17.00 in a research note on Tuesday, March 11th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new position in shares of Afya during the 4th quarter valued at $228,000. Wellington Management Group LLP purchased a new stake in Afya in the 4th quarter worth approximately $829,000. Two Sigma Advisers LP lifted its stake in Afya by 27.2% in the fourth quarter. Two Sigma Advisers LP now owns 78,600 shares of the company’s stock worth $1,248,000 after acquiring an additional 16,800 shares during the period. Teacher Retirement System of Texas bought a new stake in Afya in the fourth quarter valued at $329,000. Finally, Northern Trust Corp raised its holdings in Afya by 109.7% in the 4th quarter. Northern Trust Corp now owns 40,054 shares of the company’s stock worth $636,000 after purchasing an additional 20,957 shares in the last quarter. 88.02% of the stock is currently owned by hedge funds and other institutional investors.

Afya Stock Performance

Shares of AFYA opened at $17.99 on Friday. The stock has a 50 day moving average of $18.39 and a 200 day moving average of $17.15. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 0.29 and a beta of 0.60. 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.

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.