ACS stock: JPMorgan starts coverage with EUR 127 target for ACS stock

Published on 10/23/2026 at 15:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ACS posted EUR 510.00 million first-half profit, up 30.00 percent year over year. ACS stock costs EUR 85.90 on October 23, 2026, down 1.21 percent.

Analyst target and reporting date

JPMorgan began coverage with a EUR 127.00 target on October 15, 2026.
First-half operational net profit increased 30.00 percent to EUR 510.00 million.
ACS stock costs EUR 85.90 at Lang & Schwarz on October 23, 2026 at 3:02 p.m. CEST, 1.21 percent below the BME prior close.
ACS is scheduled to report nine-month results on November 12, 2026.

Bauhaus-Poster mit geometrischen Formen und dem Text BAU in kräftigen Farben — Bauhaus-Poster mit geometrischen Formen symbolisiert ACS Actividades de Construcción y Servicios S.A. (ES0167050915), Illustration mit AI erstellt.

JPMorgan began coverage of ACS with a EUR 127.00 price target and a Buy rating on October 15, 2026, according to Investing.com. ACS stock was trading at EUR 85.90 at Lang & Schwarz on October 23, 2026 at 3:02 p.m. CEST, down 1.21 percent versus the BME prior close.

Profit growth supports the target

ACS reported first-half 2026 operational net profit of EUR 510.00 million, an increase of 30.00 percent from the year-earlier period. Sales rose 12.00 percent on an FX-adjusted basis to EUR 26.20 billion, while EBITDA increased 14.20 percent on the same basis, according to the Yahoo Finance transcript.

Stock sits below analyst targets

The EUR 127.00 JPMorgan target stands 47.79 percent above the Lang & Schwarz price. Investing.com lists 16 analysts with an average 12-month target of EUR 132.71, while its reported target range runs from EUR 93.00 to EUR 159.00. ACS has a 52-week range of EUR 70.20 to EUR 141.20, and its market capitalization is EUR 22.8 billion as of October 23, 2026.

Valuation and the next date

ACS carries a trailing P/E ratio of 22.09 and a dividend yield of 0.03 percent in the latest market data. The company is scheduled to publish its nine-month 2026 results on November 12, 2026, according to Benzinga.

Comparison with peers

ACS: down 1.21 percent versus the BME prior close, P/E 22.09, market capitalization EUR 22.8 billion.

Ferrovial N.V. (BME, EUR): up 0.25 percent, P/E 51.33, market capitalization EUR 31.8 billion.

Hochtief AG (Xetra, EUR): down 1.01 percent, P/E 29.87, market capitalization EUR 26.5 billion.

What the numbers mean for ACS stock

The current valuation sits below the analyst target range's midpoint, while first-half profit growth provides a measurable operating counterweight. The November 12 reporting date will put the 30.00 percent profit growth and the 14.20 percent FX-adjusted EBITDA increase against a fresh nine-month update.

ACS was trading at EUR 85.90 at Lang & Schwarz on October 23, 2026 at 3:02 p.m. CEST, down 1.21 percent versus the BME prior close. The further course of trading is shown by the continuously updated real-time quote of ACS stock.