Afya Limited (AFYA) To Go Ex-Dividend on March 26th

Afya Limited (NASDAQ:AFYA) declared a — dividend on Thursday, March 13th, NASDAQ Dividends reports. Investors of record on Wednesday, March 26th will be given a dividend of 0.232 per share on Friday, April 4th. The ex-dividend date of this dividend is Wednesday, March 26th.

Afya has a payout ratio of 12.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Afya to earn $1.91 per share next year, which means the company should continue to be able to cover its $0.23 annual dividend with an expected future payout ratio of 12.0%.

Afya Stock Performance

Shares of AFYA stock opened at $17.93 on Monday. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 14.46, a P/E/G ratio of 0.29 and a beta of 0.82. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.60 and a current ratio of 1.60. Afya has a 52 week low of $14.52 and a 52 week high of $20.55. The firm’s 50-day simple moving average is $16.72 and its two-hundred day simple moving average is $16.48.

Analysts Set New Price Targets

Several research firms have recently weighed in on AFYA. The Goldman Sachs Group started coverage on shares of Afya in a research note on Tuesday, December 3rd. They issued a “sell” rating and a $16.00 target price for the company. Morgan Stanley cut shares of Afya from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $19.00 to $17.00 in a research note on Tuesday, March 11th. Citigroup reaffirmed a “sell” rating and set a $15.00 price objective (down previously from $18.00) on shares of Afya in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Afya from $25.00 to $20.50 and set a “neutral” rating for the company in a research note on Friday, January 17th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $17.60.

About Afya

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.