Auna SA’s (NYSE:AUNA) Quiet Period Will End on May 1st

Auna’s (NYSE:AUNA) quiet period will end on Wednesday, May 1st. Auna had issued 30,000,000 shares in its public offering on March 22nd. The total size of the offering was $360,000,000 based on an initial share price of $12.00. During the company’s quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. started coverage on Auna in a research report on Tuesday, April 16th. They set an “overweight” rating and a $16.00 price target for the company. HSBC began coverage on shares of Auna in a research report on Tuesday. They set a “buy” rating and a $12.60 target price for the company. Citigroup assumed coverage on shares of Auna in a report on Tuesday, April 16th. They issued a “buy” rating and a $14.00 price target on the stock. Finally, Morgan Stanley began coverage on shares of Auna in a research report on Tuesday, April 16th. They set an “overweight” rating and a $14.00 price objective on the stock.

Auna Trading Up 8.6 %

Shares of AUNA opened at $6.84 on Wednesday. Auna has a 1 year low of $6.17 and a 1 year high of $10.85.

About Auna

Auna SA, a healthcare service provider, operates hospitals and clinics in Mexico, Peru, and Colombia. The company provides prepaid healthcare plans in Peru; and dental and vision plans in Mexico. The company was founded in 1989 and is based in Luxembourg, Luxembourg.