Afya (NASDAQ:AFYA) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Afya (NASDAQ:AFYA) from a strong sell rating to a hold rating in a research report released on Tuesday morning, Zacks.com reports.

According to Zacks, “Afya Limited is a medical education group primarily in Brazil. Afya Limited is based in NEW YORK. “

Several other analysts have also recently weighed in on the company. TheStreet raised Afya from a d+ rating to a c- rating in a report on Monday, June 14th. Morgan Stanley cut Afya from an overweight rating to an equal weight rating and lowered their price target for the company from $32.00 to $28.50 in a research note on Wednesday, July 21st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Buy and an average target price of $30.18.

Shares of NASDAQ:AFYA opened at $20.58 on Tuesday. The stock has a market capitalization of $1.92 billion, a P/E ratio of 40.35, a P/E/G ratio of 0.97 and a beta of 1.31. Afya has a 1-year low of $18.48 and a 1-year high of $29.01. The company has a current ratio of 2.59, a quick ratio of 2.57 and a debt-to-equity ratio of 0.45. The business has a 50-day moving average price of $22.25 and a two-hundred day moving average price of $22.86.

Several hedge funds have recently made changes to their positions in the company. US Bancorp DE increased its stake in shares of Afya by 61.5% in the 1st quarter. US Bancorp DE now owns 2,022 shares of the company’s stock valued at $38,000 after acquiring an additional 770 shares during the last quarter. Group One Trading L.P. acquired a new position in shares of Afya in the 2nd quarter valued at approximately $26,000. Van ECK Associates Corp grew its position in shares of Afya by 5.0% in the 2nd quarter. Van ECK Associates Corp now owns 25,010 shares of the company’s stock valued at $645,000 after purchasing an additional 1,200 shares during the period. Daiwa Securities Group Inc. acquired a new position in shares of Afya in the 2nd quarter valued at approximately $53,000. Finally, Squarepoint Ops LLC grew its position in shares of Afya by 26.3% in the 2nd quarter. Squarepoint Ops LLC now owns 13,727 shares of the company’s stock valued at $354,000 after purchasing an additional 2,855 shares during the period. 28.34% of the stock is owned by institutional investors.

Afya Company Profile

Afya Ltd. is a medical education group, which engages in the provision of an end-to-end physician-centric ecosystem that serves and empowers students to be lifelong medical learners through their medical residency preparation, post-graduate programs, and continuing medical education activities. It operates through Education Services; and Digital Content, Residency Preparatory and Specialization Programs segments.

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