Afya Limited (NASDAQ:AFYA) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 720,000 shares, a growth of 70.4% from the September 15th total of 422,600 shares. Based on an average daily volume of 292,200 shares, the short-interest ratio is currently 2.5 days. Currently, 3.9% of the shares of the stock are short sold.
Several research firms have weighed in on AFYA. Bank of America began coverage on Afya in a research note on Tuesday, August 13th. They set a “buy” rating and a $29.00 target price for the company. Zacks Investment Research cut Afya from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Goldman Sachs Group began coverage on Afya in a research note on Tuesday, August 13th. They set a “neutral” rating and a $26.00 target price for the company. Morgan Stanley began coverage on Afya in a research note on Tuesday, August 13th. They set an “overweight” rating and a $29.20 target price for the company. Finally, JPMorgan Chase & Co. began coverage on Afya in a research note on Friday, August 9th. They set an “overweight” rating and a $34.00 target price for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Afya currently has a consensus rating of “Hold” and an average target price of $29.37.
Shares of AFYA opened at $26.87 on Tuesday. Afya has a 52 week low of $21.30 and a 52 week high of $32.64. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a fifty day moving average price of $24.74.
Afya (NASDAQ:AFYA) last announced its quarterly earnings results on Friday, August 30th. The company reported $3.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $3.24. The firm had revenue of $45.55 million during the quarter, compared to the consensus estimate of $47.99 million. As a group, analysts expect that Afya will post 0.58 EPS for the current year.
Afya Limited, through its subsidiaries, operates as a medical education group in Brazil. The company provides 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.
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