J.P. Morgan keeps MXN 190.00 target for Qualitas stock

Published on 10/14/2026 at 16:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

S&P gave Qualitas a BBB+ rating with a negative outlook on September 25, 2026. Qualitas stock reported MXN 18.38 billion revenue in Q2 2026.

Rating, market share and trading data

J.P. Morgan maintained a MXN 190.00 target on October 2, 2026.
Quálitas Mexico is projected to hold 33.00-35.00 percent market share in 2026-2027.
Qualitas stock was trading at MXN 170.49 on BMV on October 14, 2026.

Qualitas, MX01Q0000008, Illustration mit AI erstellt.

J.P. Morgan kept a MXN 190.00 price target and a Hold rating for Qualitas stock on October 2, 2026, as reported by The Globe and Mail. The latest research backdrop also includes S&P Global Ratings' BBB+ assessment with a negative outlook, dated September 25, 2026.

Three dated signals shape the view

On July 21, 2026, Qualitas reported second-quarter revenue of MXN 18.38 billion and net income of MXN 1.39 billion, according to Investing.com. The same source lists prior-quarter revenue of MXN 19.81 billion and net income of MXN 1.56 billion, creating a clear sequential comparison.

On September 25, 2026, S&P Global Ratings assigned BBB+ long-term issuer credit and financial strength ratings to Quálitas Compañía de Seguros and set the outlook at negative. S&P said the Mexican subsidiary contributes 95.00 percent of Quálitas Controladora's consolidated gross premiums written and 86.00 percent of total assets.

What does the rating mean?

S&P's report projects a 33.00-35.00 percent market share for Quálitas Mexico in 2026-2027, compared with 15.00 percent for its largest competitor. It also forecasts gross premiums written growth of 8.00-10.00 percent in full-year 2026, while the combined ratio is projected at 96.00 percent versus 94.10 percent in 2025.

Next reporting date is October 20

TickerLandia lists quarterly results for October 20, 2026. The date gives the market a defined checkpoint after the second-quarter figures and the October 2 analyst target.

Trading data stays Mexico focused

Qualitas stock was trading at MXN 170.49 on BMV on October 14, 2026. The market capitalization was MXN 67.2 billion on the same date, while the 52-week range was MXN 147.04 to MXN 192.88. The company says it has more than 6.1 million insured units and operates in Mexico, El Salvador, Costa Rica, the United States, Peru and Colombia.

Market context: Latest market reports.