Renta 4 raises Acerinox stock target from EUR 20.00 to EUR 22.80

Published on 10/19/2026 at 09:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due before the open on October 30, 2026. Acerinox stock costs EUR 16.80 on October 19, 2026 within its 52-week range of EUR 11.03 to EUR 18.58.

Targets and results ahead

Renta 4 raised its Acerinox target to EUR 22.80 on October 5, 2026.
Renta 4 projected third-quarter EBITDA of EUR 189.50 million, up 75.50 percent year over year.
Acerinox stock traded at EUR 16.80 at 9:38 a.m. CEST at Lang & Schwarz on October 19, 2026.

Schwarzweiß-Aufnahme von Arbeitern bei der Kontrolle frisch gewalzter Stahlplatten — Schwarzweiß-Reportagefoto von Stahlarbeitern bei Acerinox S.A. (ISIN ES0132105018) inspiziert frisch gewalzte Edelstahlplatten, Illustration mit AI erstellt.

Acerinox (ISIN ES0132105018) was the subject of a Renta 4 target increase from EUR 20.00 to EUR 22.80 on October 5, 2026, according to Estrategias de Inversion. The research firm retained its Overweight recommendation and linked the valuation to a stronger recovery outlook for 2027.

Renta 4 sees 2027 recovery

Renta 4 projected Acerinox third-quarter EBITDA of EUR 189.50 million, 75.50 percent above the same period of 2025 and 7.70 percent above the second quarter of 2026. The estimate was tied to higher stainless-steel volumes and prices, alongside lower imports after European safeguard measures and the Carbon Border Adjustment Mechanism took effect, as Estrategias de Inversion reported.

The same analysis put Acerinox's 2026 EBITDA estimate at EUR 628.80 million and its net income estimate at EUR 241.40 million. For 2027, Renta 4 projected EBITDA of EUR 842.60 million, representing growth of 34.00 percent from its 2026 estimate. The main counter-factor is execution: the research note also modeled a downside target of EUR 14.86 if the European business fails to reach break-even and Haynes and VDM do not recover.

What could move the target?

The next test is the third-quarter report, scheduled before the market opens on October 30, 2026. Renta 4's estimate of EUR 189.50 million EBITDA gives investors a concrete benchmark for judging whether the expected recovery is entering the reported figures.

Recent investor milestones

Acerinox's investor-relations page lists the interim management report for the first half of 2026 and the second-quarter results presentation, while its financial calendar identifies the third-quarter reporting date. The company also highlights more than 90 percent recycled content in its products and more than 70 percent reuse of production waste on the investor page.

The stock's market context is substantial but not risk-free. Its market capitalization was EUR 4.2 billion, while its 52-week range ran from EUR 11.03 to EUR 18.58. The current quote sits below the upper end of that range, leaving the upcoming report as the next dated test for the recovery thesis.

Price and trading status

Acerinox was trading at EUR 16.80 at Lang & Schwarz on October 19, 2026 at 9:38 a.m. CEST. The quote was in the regular Xetra trading phase for German-market investors.

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