K+S stock: JPMorgan keeps EUR 13.70 target for K+S stock

Published on 10/21/2026 at 17:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

K+S reports results on November 10, 2026. K+S stock costs EUR 12.80 on October 21, 2026, down 1.54 percent versus the Xetra close of October 20, 2026.

JPMorgan target and reporting date

JPMorgan kept its Neutral rating and EUR 13.70 target for K+S on October 13, 2026.
K+S reported Q2 2026 revenue of EUR 978.30 million, up 12.30 percent year over year.
K+S stock costs EUR 12.80 at Lang & Schwarz on October 21, 2026 at 5:06 p.m. CEST, minus 1.54 percent versus the Xetra close of October 20, 2026, and 31.51 percent below the 52-week high.
K+S reports third-quarter 2026 results on November 10, 2026.

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JPMorgan kept its Neutral rating and EUR 13.70 target for K+S on October 13, 2026, according to DER AKTIONÄR. The target stands 7.03 percent above the EUR 12.80 Lang & Schwarz price. After the Xetra close, K+S was trading at EUR 12.80 on October 21, 2026 at 5:06 p.m. CEST, down 1.54 percent versus the Xetra close of October 20, 2026.

Second-quarter earnings reset the base

K+S reported second-quarter 2026 revenue of EUR 978.30 million, up 12.30 percent from EUR 871.20 million in the prior-year quarter, according to NadirAlpha. Operating income reached EUR 739.50 million, while net income was EUR 646.70 million, compared with a net loss of EUR 1,734.20 million in the second quarter of 2025.

The earnings comparison needs context. NadirAlpha said the second-quarter result was materially influenced by non-cash asset valuation movements, so the reported profit change does not represent a simple operating trend. Operating cash flow was EUR 117.30 million in the second quarter of 2026, and free cash flow was EUR 19.80 million.

Stock stays below its yearly high

The 52-week range was EUR 10.35 to EUR 18.69 as of October 21, 2026. At EUR 12.80, K+S stood 31.51 percent below its high and 23.67 percent above its low. The market capitalization was EUR 2.3 billion, and reported trading volume reached 311,907 shares at 4:59 p.m. CEST.

What comes before the next report?

The valuation remains a key part of the analyst debate. The price-to-earnings ratio was 2.18 on October 21, 2026, while JPMorgan's target of EUR 13.70 was 7.03 percent above the Lang & Schwarz price. The next scheduled company event is the third-quarter 2026 report on November 10, 2026, as listed by fne.de.

The coming report will provide the next test for the improved earnings profile. Management's 2026 EBITDA guidance stands at EUR 680.00 million to EUR 760.00 million, while the latest quarterly result still carries valuation effects that investors will need to separate from recurring performance.

Price and target in one view

K+S combines a low reported price-to-earnings ratio with a target that is 7.03 percent above the current euro quotation. The share price was trading at EUR 12.80 at Lang & Schwarz on October 21, 2026 at 5:06 p.m. CEST, minus 1.54 percent versus the Xetra close of October 20, 2026.

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