ACS announces new awards: ACS stock sits 35.32 percent below its high

Published on 10/01/2026 at 15:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ACS stock costs EUR 91.33 on October 1, 2026 versus EUR 91.00. The 52-week range is EUR 69.20 to EUR 141.20, with market value at EUR 24.3 billion.

Isometrische 3D-Illustration einer Bau-Wertschöpfungskette von Planung bis Infrastrukturbetrieb — Isometrische 3D-Grafik zeigt Wertschöpfungskette von ACS Actividades de Construcción y Servicios S.A. (ES0167050915), Illustration mit AI erstellt.

ACS (ISIN ES0167050915) was at EUR 91.33 at Lang & Schwarz on October 1, 2026 at 3:03 p.m. CEST, 35.32 percent below its EUR 141.20 52-week high. On September 30, ACS announced new infrastructure awards spanning defense, nuclear, data centers and mining through its operating companies, according to ACS Group. The latest analyst move was more cautious: Bolsamania reported on September 28 that Deutsche Bank lowered its target from EUR 135.00 to EUR 129.00 while keeping its Buy recommendation.

New awards broaden the growth mix

The September 30 announcements cover several end markets rather than a single project. Turner was selected for the U.S. Air Force FARM III program, HOCHTIEF was identified for a long-term Sellafield framework, and Leighton Asia received a data center project in Hong Kong, according to the ACS Group update. Thiess also secured a two-year extension worth AUD 170.00 million at the Okvau Gold Mine in Cambodia.

First-half figures support the thesis

ACS entered the second half of 2026 with operational net profit of EUR 510.0 million in the first half, up 30.00 percent year over year. Sales rose 12.00 percent to EUR 26.2 billion, while the order backlog reached EUR 105.9 billion, up 21.00 percent on a comparable basis, according to the Yahoo Finance transcript dated July 29, 2026. The figures give the contract announcements more weight because backlog and profit were already expanding before the latest awards.

Target remains above the market price

Deutsche Bank's revised EUR 129.00 target lies 41.25 percent above the Lang & Schwarz price of EUR 91.33. The cut followed a 2.00 percent to 3.00 percent reduction in the bank's earnings-per-share estimates for the next three years, while the Buy rating stayed in place, according to Bolsamania. That combination points to a valuation debate rather than a change in the company's operating direction.

November adds a scheduled test

ACS lists November 12, 2026, for its Capital Markets Day, when management plans to review recent progress and its longer-term infrastructure strategy, according to ACS Group. The event gives investors a dated point for assessing whether data centers, energy and defense can sustain the growth visible in the first-half backlog.

ACS stock stays below its yearly high

ACS stock was trading at EUR 91.33 at Lang & Schwarz on October 1, 2026 at 3:03 p.m. CEST, plus 0.36 percent versus the prior close of EUR 91.00. Market capitalization was EUR 24.3 billion on October 1, 2026.