Santander set MXN 335 target for Pinfra stock

Published on 10/14/2026 at 10:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Santander set an MXN 335 target on September 23, 2026. Pinfra stock costs EUR 13.95 on October 14, 2026 during trading.

Expansion and operating scale

Santander began Pinfra coverage with an MXN 335 target on September 23, 2026.
Second-quarter 2026 sales reached MXN 6.08 billion while net income was MXN 1.77 billion.
Pinfra stock was trading at EUR 13.95 at Lang & Schwarz on October 14, 2026 at 10:12 a.m. CEST.

Pinfra, MX01PI000005, Illustration mit AI erstellt.

Pinfra (ISIN MX01PI000005) was trading at EUR 13.95 at Lang & Schwarz on October 14, 2026 at 10:12 a.m. CEST. Santander began coverage with an Outperform rating and an MXN 335 target on September 23, 2026, according to El Heraldo de Mexico.

Santander's valuation case

The target is tied to Pinfra's expansion pipeline rather than a single new contract. El Heraldo de Mexico reported that Santander's case includes six projects expected to enter operation between 2025 and 2027, with planned capital spending of MXN 25.0 billion and a projected real internal rate of return of 10.00 percent.

The same report identified risks including slower Mexican economic growth, political uncertainty, delays in toll increases and competition from alternative routes. That makes concession execution the key variable behind the valuation case.

Second-quarter sales rise

Simply Wall St reported that Pinfra's sales reached MXN 6.08 billion in the second quarter of 2026, compared with MXN 4.93 billion in the second quarter of 2025. Net income declined to MXN 1.77 billion from MXN 2.14 billion over the same comparison.

The split between growth and earnings is important: higher sales did not translate into higher net income in the reported quarter. The concessions segment represented 67.00 percent of consolidated revenue in the second quarter of 2026 and grew 4.00 percent from the same period of 2025, according to El Heraldo de Mexico.

What does the concession base show?

Pinfra's company profile describes a business built around toll roads, port projects and asphalt production. The company reports 26 roads, one bridge operation contract, average daily traffic of 308,675 vehicles and annual traffic of 112.7 million vehicles in 2024, according to its company profile.

Pinfra stock during trading

Pinfra stock was trading at EUR 13.95 at Lang & Schwarz on October 14, 2026 at 10:12 a.m. CEST. The current euro quote is presented without a daily percentage because the dated Xetra reference close is not established here.

The further course of trading is shown by the continuously updated real-time quote of Pinfra stock.