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 dividend payout ratio of 12.4% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Down 0.3 %

NASDAQ:AFYA opened at $17.93 on Monday. The company has a market capitalization of $1.68 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 0.29 and a beta of 0.82. Afya has a 52-week low of $14.52 and a 52-week high of $20.55. The stock has a fifty day simple moving average of $16.72 and a 200-day simple moving average of $16.48. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.51.

Analyst Upgrades and Downgrades

Several analysts have recently commented on AFYA shares. JPMorgan Chase & Co. lowered their price target on shares of Afya from $25.00 to $20.50 and set a “neutral” rating on the stock in a research report on Friday, January 17th. Morgan Stanley cut Afya from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $19.00 to $17.00 in a report on Tuesday, March 11th. The Goldman Sachs Group began coverage on Afya in a research report on Tuesday, December 3rd. They set a “sell” rating and a $16.00 price target for the company. Finally, Citigroup restated a “sell” rating and issued a $15.00 price objective (down from $18.00) on shares of Afya in a research report on Friday, January 31st. Three analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to MarketBeat, Afya presently 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.