Renta 4 raises Acerinox stock target to EUR 22.80

Published on 10/09/2026 at 14:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Renta 4 raised its target to EUR 22.80 on October 5, 2026. Acerinox stock costs EUR 17.17 on October 9, 2026 after EUR 16.63.

Key points in brief

Renta 4 raised its Acerinox price target from EUR 20.00 to EUR 22.80 on October 5, 2026.
Acerinox reported EUR 271.00 million in first-half 2026 EBITDA, up 27.00 percent year over year.
The stock was at EUR 17.17 at Lang & Schwarz on October 9, 2026, plus 3.25 percent versus EUR 16.63.
Acerinox is scheduled to publish third-quarter results on October 30, 2026.

Bauhaus-Poster mit geometrischen Stahlcoil-Formen und dem Schriftzug STEEL — Geometrisches Bauhaus-Poster mit Stahlcoil-Motiven veranschaulicht die Branche von Acerinox S.A. (ISIN ES0132105018) grafisch, Illustration mit AI erstellt.

Acerinox (ISIN ES0132105018) stock was at EUR 17.17 at Lang & Schwarz on October 9, 2026 at 2:37 p.m. CEST, up 3.25 percent versus the EUR 16.63 prior close. The latest analyst action came on October 5, 2026, when Renta 4 raised its price target from EUR 20.00 to EUR 22.80 and maintained an Overweight recommendation, according to elEconomista. The target change puts the next test on execution rather than on a new corporate transaction.

Results improved through June

Acerinox reported first-half 2026 earnings before interest, taxes, depreciation and amortization, or EBITDA, of EUR 271.00 million, up 27.00 percent from the same period a year earlier. The company also reported EUR 77.00 million of net profit for the period, according to Yahoo Finance.

The second quarter supplied the sharper comparison: EBITDA reached EUR 176.00 million, 85.00 percent above the first quarter. Management also said Acerinox Europa reached positive monthly EBITDA in June, while the group described the U.S. stainless-steel business as the main earnings driver in the period.

What does the target raise require?

Renta 4's central case is built on a projected 2027 EBITDA of EUR 842.60 million, 34.00 percent above its 2026 estimate of EUR 628.80 million. The firm expects the European business, Haynes and VDM to contribute to that improvement, while a possible U.S. listing or separation remains a strategic possibility rather than a completed transaction, as the earnings-call discussion showed.

The target of EUR 22.80 stands 32.80 percent above the Lang & Schwarz price of EUR 17.17, calculated in the same currency. The counter-factor is timing: the company still operates in a cyclical steel market, and management described demand conditions as subdued despite stronger order activity in aerospace and defense.

Three dated Acerinox milestones

On February 27, 2026, Acerinox published its fiscal-year 2025 results through its investor-relations portal, according to Acerinox. On July 24, 2026, the second-quarter presentation reported first-half EBITDA of EUR 271.00 million and a 27.00 percent year-over-year increase, according to Yahoo Finance. On October 5, 2026, Renta 4 lifted its target to EUR 22.80, according to Estrategias de Inversion.

Next reporting date

Acerinox is scheduled to publish its third-quarter 2026 results on October 30, 2026, before the market opens, according to Estrategias de Inversion. That release will show whether the 2026 improvement is carrying into the third quarter.

Stock trades below target

Acerinox was trading at EUR 17.17 at Lang & Schwarz on October 9, 2026 at 2:37 p.m. CEST, compared with the EUR 16.63 prior close. The primary listing is on BME in EUR, where the quoted 52-week range was EUR 11.03 to EUR 18.58 and market capitalization was EUR 4.3 billion as of October 9, 2026. The further course of trading is shown by the continuously updated real-time quote of Acerinox stock.